BAZALGETTE EQUITY LIMITED

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

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.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After considering the current financial projections and facilities available, and through modelling plausible and severe sensitivities, the Directors of the Company are satisfied that the Company and Group has sufficient resources for its operational needs and will remain in compliance with relevant financing covenants for the next 12 months from the date of approving these financial statements.”

Group structure

1. BAZALGETTE EQUITY LIMITED · parent
   1. Bazalgette Ventures Limited 100% · UK · Holding
   2. Bazalgette Holdings Limited 100% · UK · Holding
   3. Bazalgette Tunnel Limited 100% · UK · Operating
   4. Bazalgette Finance plc 100% · UK · Financing

Significant events

• “The year has seen some of the project's biggest milestones delivered as the Thames Tideway Tunnel starts to do its job of cleaning up the River Thames.”
• “Back in April 2024 the final major milestone of the construction phase had just been achieved, when the 1,200-tonne, 24m-wide cover was lifted onto the shaft at our Abbey Mills site.”
• “In May 2024 we connected the new infrastructure with the Lee Tunnel, which had been separated by a thick reinforced concrete wall.”
• “These connections were completed in February 2025, and during this intervening period the first flows began entering the tunnel.”
• “In August we unveiled new sculptures, including one of Sir Joseph Bazalgette, as we completed work at Acton Storm Tanks.”
• “In the autumn, we opened new community spaces at King George's Park, and Falconbrook Pumping Station, in Wandsworth.”
• “A riverside space was opened at Chelsea Embankment in December. We substantially completed work at our Abbey Mills site in Stratford and ended the year by opening a new riverside space as we finished at Carnwath Road in Fulham.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -41.1%

  £189,900,000 → £111,900,000

• Net assets

  +0.7%

  £576,000,000 → £579,900,000

• Employees

  -13.4%

  97 → 84

• Profit before tax

  -74.5%

  £15,300,000 → £3,900,000

• Wages

  -11.3%

  £15,900,000 → £14,100,000

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