WESSEX WATER ENTERPRISES LIMITED

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis which the directors believe to be appropriate for the following reasons. The company is dependent for its working capital on the ultimate UK parent company, YTL Utilities (UK) Limited. The company has received undertakings from YTL Utilities (UK) Limited, until 31 December 2026, that they will continue to make available such funds as are needed by the company and in particular will not seek repayment of the amounts currently made available. This should enable the company to continue to trade for the going concern period to 31 December 2026 by meeting its liabilities as and when they become due. Based on this undertaking the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. WESSEX WATER ENTERPRISES LIMITED · parent
   1. GENeco Ltd 100% · UK · operates a food waste treatment plant; makes use of spare digester capacity to increase the generation of biogas from food waste received.
   2. GENeco (South West) Ltd 100% · UK · operates a food waste disposal contract; processing of food waste from two local county councils.
   3. Wessex Utility Solutions Ltd 100% · UK · undertakes multi utility installations for third parties.

Significant events

• “WWE results this year have been impacted by operational issues at its Avonmouth site which prohibited maximisation of flow of biogas to its biomethane plant. As a result, income from this plant dropped 30% year-on-year.”
• “lower staff costs, as all operational staff were transferred to fellow subsidiary Wessex Water Services Ltd under Transfer of Undertakings (Protection of Employment) TUPE regulations in January 2024 (half-way through prior year) resulting in a lower average headcount throughout 2025, reducing the overall staff costs by approximately 52% from prior year.”
• “The food waste processing plant digesters were unavailable from August 2024 preventing further biogas production. This has impacted the primary income stream. Remediation and repairs to the digesters are expected to delay the resumption of biogas production until the financial year 2025/26.”
• “The final dividend for the year of £1.0m was declared in June 2025 and paid in July 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.