Ofwat concerned by financial health of three UK water firms
The water regulator has raised a red flag over the financial health of three of Britain’s biggest water companies as concern grows over the industry’s poor record on tackling flooding, leaks and pollution.
Ofwat called out Southern Water, Yorkshire Water and SES Water for “weak levels of financial resilience” and levels of customer service which lag behind the rest of the industry.
David Black, the regulator’s interim chief executive, said: “It is vital that water companies are financially resilient and also that they are transparent about their financial decisions. On both fronts, they have work to do.”
Ofwat’s report into the financial health and service levels of water companies in England and Wales found that Southern Water, which received
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