SOUTH EAST WATER LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-06-26 (in 1mo)
Last made up 2025-06-12
Watchouts
None on the register
Cash
£36M
+623.5% vs 2024
Net assets
£288M
+18.8% vs 2024
Employees
1,127
-0.4% vs 2024
Profit before tax
-£20M
+46% vs 2024
Name history
Renamed 2 times since incorporation
- SOUTH EAST WATER LIMITED 2004-04-07 → present
- SOUTH EAST WATER PLC 1999-01-04 → 2004-04-07
- MID-SUSSEX WATER PLC 1992-02-04 → 1999-01-04
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £280,594,000 | £285,517,000 | |
| Operating profit | £63,777,000 | £54,487,000 | |
| Profit before tax | -£36,663,000 | -£19,781,000 | |
| Net profit | -£28,043,000 | -£13,541,000 | |
| Cash | £4,986,000 | £36,072,000 | |
| Total assets less current liabilities | £1,693,428,000 | £1,802,213,000 | |
| Net assets | £242,780,000 | £288,357,000 | |
| Equity | £242,780,000 | £288,357,000 | |
| Average employees | 1,131 | 1,127 | |
| Wages | £41,467,000 | £45,706,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 22.7% | 19.1% | |
| Net margin | -10.0% | -4.7% | |
| Return on capital employed | 3.8% | 3.0% | |
| Gearing (liabilities / total assets) | 87.3% | 85.8% | |
| Current ratio | 0.46x | 0.60x | |
| Interest cover | 0.62x | 0.71x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have concluded that the group's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the group will be able to operate within the level of its current securitisation facility and existing bank facilities and comply with the covenants. Therefore, the Directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements. For this reason the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Group structure
- SOUTH EAST WATER LIMITED · parent
- South East Water (Finance) Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 82 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TRUILLET, Nicolas Alexandre Desire | Secretary | 2008-10-01 | — | French |
| CLEMENT, Lisa Jane | Director | 2023-01-11 | Sep 1967 | British |
| FARMER, Andrew Robert | Director | 2015-08-01 | Dec 1969 | British |
| HINTON, David Edwin | Director | 2013-06-01 | Nov 1967 | British |
| HUSSEY, Celia Pronto | Director | 2018-06-01 | May 1973 | British |
| MCARDLE, Mark Gerard Denis | Director | 2022-02-09 | Jun 1987 | British |
| MCKINSTRY, William Francis Michael | Director | 2024-08-15 | Oct 1965 | British |
| SHERIDAN, Caroline Jane | Director | 2025-02-12 | Jan 1975 | British |
Show 82 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BUCK, Steven John | Secretary | 2001-05-25 | 2002-05-27 |
| BURNS, Noel James | Secretary | 2002-05-27 | 2008-09-30 |
| COLE, Nigel George Allcard | Secretary | — | 1997-12-31 |
| ROBERTSON, William James | Secretary | 1998-01-01 | 2001-05-25 |
| AGOSTINI, Pascal | Director | 2001-09-27 | 2003-10-01 |
| ANTOLIK, Peter Szymon | Director | 2004-04-01 | 2006-10-02 |
| BAGGS, Martin Wayne | Director | 2006-06-01 | 2006-10-02 |
| BARNES, John Anthony | Director | 2016-01-28 | 2025-02-12 |
| BARNHOORN, Hendrikus Theodorus Johannes | Director | 1993-08-01 | 2000-03-29 |
| BARON, Sondra Jo | Director | 2003-10-01 | 2004-04-01 |
| BHATIA, Kanishk | Director | 2011-10-18 | 2013-11-19 |
| BOX, Stephen John | Director | 2003-11-26 | 2006-11-17 |
| BUTLER, Paul | Director | 2006-10-02 | 2020-07-31 |
| COTE, Patrick | Director | 2014-02-27 | 2014-10-30 |
| CRAIG, James Stuart | Director | 2003-10-01 | 2005-10-03 |
| CUMBERLEGE CBE DL, Julia Frances, Baroness | Director | 2006-12-06 | 2007-12-18 |
| DENERY, Philippe Gilbert | Director | 2000-06-28 | 2001-09-27 |
| DEVLIN, Margaret Patricia | Director | 1999-03-24 | 2006-05-26 |
| DIXON, Peter Vincent | Director | 2014-02-27 | 2017-04-27 |
| DREW, Rachel Amelia | Director | 2019-12-06 | 2022-02-09 |
| DYER, Peter, Dr | Director | 2004-02-05 | 2006-10-02 |
| FORTIN, Olivier Georges Xavier | Director | 2014-10-30 | 2017-02-08 |
| GABOREAU, Claude Jean | Director | 1995-01-27 | 1998-10-31 |
| GABRIEL, Yves | Director | 1999-03-01 | 2002-09-26 |
| GEORGE, Steve | Director | 2008-11-27 | 2015-03-31 |
| GILTHORPE, Charlotte Emma | Director | 2012-10-18 | 2018-09-30 |
| GIRLING, Christopher Francis | Director | 2014-10-30 | 2023-01-10 |
| GOULDER, Patrick Renshaw | Director | 1999-01-18 | 2003-12-31 |
| GRANGE, Pascal | Director | 2001-09-27 | 2003-02-27 |
| GREEN, Damian Howard | Director | 2007-12-18 | 2010-05-26 |
| GREGORY, John Christopher | Director | — | 1997-07-31 |
| HAIRE, Georgina Mary-Rose | Director | 2026-01-16 | 2026-04-03 |
| HALL, Christopher Sandford | Director | — | 1997-07-31 |
| HARRIES, Charles David | Director | 2007-12-18 | 2012-10-18 |
| HAYTON, John George | Director | — | 1997-07-31 |
| HENRY, Keith Nicholas | Director | 2005-03-01 | 2007-12-18 |
| HIGGINS, Howard Charles | Director | 2005-10-03 | 2006-10-02 |
| HOSKINS, Geoffrey Mark | Director | 1992-09-25 | 2003-10-01 |
| HOSKINS, Richard John | Director | 2008-06-25 | 2008-11-27 |
| HUNTER, Andrew | Director | 2003-10-01 | 2004-08-12 |
| JENNINGS, John David | Director | — | 1997-07-31 |
| JORDAN, Stephen Francis | Director | 2018-08-17 | 2019-12-06 |
| KNIGHT, Angela Ann | Director | 1999-01-18 | 2004-12-31 |
| LE BOUC, Herve | Director | 2002-09-26 | 2003-12-17 |
| LE GAL, Anne Noelle | Director | 2023-12-18 | 2024-08-15 |
| LE GAL, Anne Noelle | Director | 2021-06-18 | 2023-03-09 |
| LEBORGNE, Francis | Director | 2000-04-27 | 2000-12-08 |
| LEROUX, Jean-Etienne | Director | 2011-01-10 | 2014-02-26 |
| MALAN, Paul Richard | Director | 2003-10-01 | 2003-12-12 |
| MARIEN, Philippe | Director | 2003-02-27 | 2003-09-30 |
| MAXWELL, Gordon Walker | Director | 2006-10-02 | 2015-03-31 |
| MEINERT, Thomas | Director | 2008-06-25 | 2008-11-27 |
| MILLER, Jane Melanie | Director | 2001-01-25 | 2001-06-28 |
| O'CATHAIN, Detta, Baroness | Director | 1999-01-18 | 2007-12-18 |
| OUELLET, Jean Pierre | Director | 2013-07-25 | 2017-02-08 |
| PACKHAM, Patrick Oliver | Director | 1992-09-25 | 1997-07-31 |
| PETERSCHMITT, Louis | Director | 1999-01-18 | 2001-09-27 |
| RANCON, Patrice Christian | Director | — | 2000-06-28 |
| RANKINE, Steven John | Director | 2008-11-27 | 2011-09-12 |
| RICH, Paul Andrew | Director | 2013-04-25 | 2017-07-03 |
| RIDLEY, David Andrew | Director | 2007-12-18 | 2008-05-07 |
| ROSATI, Valeria, Ms | Director | 2007-12-18 | 2016-12-07 |
| SALMON, Nicholas Robin | Director | 2015-04-01 | 2022-03-31 |
| SCHERRER, Denis Francois Andre | Director | 2001-01-25 | 2003-10-01 |
| SCHUBERT, Oliver Jan | Director | 2023-03-09 | 2023-12-18 |
| SCHUBERT, Oliver Jan | Director | 2017-05-03 | 2019-01-30 |
| SEELEY, Paul | Director | 2007-12-18 | 2015-03-31 |
| SENNEPIN, Jacques Pierre | Director | — | 1999-03-24 |
| SETTERFIELD, Graham Hillier | Director | 2007-12-18 | 2016-01-28 |
| SHORE, David Gordon | Director | 2007-02-28 | 2013-06-30 |
| SNAITH, Elisabeth Anne | Director | 2001-07-26 | 2003-10-01 |
| STANLEY, Martin Stephen William | Director | 2005-10-03 | 2006-10-02 |
| STANLEY, Martin Stephen William | Director | 2004-08-12 | 2005-07-01 |
| STENT, John Julian | Director | 2003-10-30 | 2005-10-03 |
| STIMPSON, Joanne Elizabeth | Director | 2006-10-02 | 2015-07-31 |
| SZCZEPANIAK, Marissa Ann | Director | 2019-01-30 | 2021-06-18 |
| SZCZEPANIAK, Marissa Ann | Director | 2016-12-08 | 2018-08-17 |
| TALBOT, Jean-Francois | Director | — | 2003-10-01 |
| TAYLOR, Peter Nolan | Director | 2006-10-02 | 2007-12-18 |
| TENNANT, Raymond John | Director | 1992-03-01 | 1999-03-24 |
| TRAIN, Christopher | Director | 2022-02-24 | 2026-04-30 |
| WEEDEN, Robert | Director | 2007-12-18 | 2013-04-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| South East Water (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 322 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-03 RESOLUTIONS Resolution
- 2025-05-28 RESOLUTIONS Resolution
- 2024-12-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-16 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-03 | AA | accounts | Accounts with accounts type group | |
| 2025-06-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-03 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-30 | SH01 | capital | Capital allotment shares | |
| 2025-05-28 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-07 | SH01 | capital | Capital allotment shares | |
| 2024-12-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-18 | AA | accounts | Accounts with accounts type group | |
| 2024-09-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-30 | CH01 | officers | Change person director company with change date | |
| 2024-01-30 | CH01 | officers | Change person director company with change date | |
| 2023-12-22 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 2
- Officers appointed
- 0
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+1.8%
£280,594,000 £285,517,000
-
Cash
+623.5%
£4,986,000 £36,072,000
-
Net assets
+18.8%
£242,780,000 £288,357,000
-
Employees
-0.4%
1,131 1,127
-
Operating profit
-14.6%
£63,777,000 £54,487,000
-
Profit before tax
+46%
-£36,663,000 -£19,781,000
-
Wages
+10.2%
£41,467,000 £45,706,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers