Anglian Water Services Limited is a private limited company that provides the majority of Anglian Water-branded services and utilities.
We are the principal subsidiary of Anglian Water Group Limited (AWG) and are the regulated entity that trades as Anglian Water.Managing a widespread water and water recycling network and serving over six million customers, we’re the part of the business most people think of as ‘Anglian Water'.
Our parent company AWG is owned by a consortium of investors. The holding company structure and the principal companies within it are explained below.
When AWG was acquired by investors in 2006, Anglian Water Group Limited became the parent company. Although a Jersey registered company, it’s a UK resident, and pays UK tax. Osprey Holdco Ltd has issued debt that is held by our shareholders, relative to their respective shareholdings, and interest payments on this debt are made annually. Osprey Acquisitions Ltd borrows money from banks and the capital markets (bonds) for use within the Group.
AWG Parent Co Limited, AWG Holdings Limited, AWG (UK) Holdings Limited and AWG Group Limited are holding companies set up when AWG became a listed Group. They are 100 per cent owned, and none currently have any external debt. Three are UK registered and tax resident, AWG Holdings Limited is Jersey registered and an Irish tax resident.
Anglian Water Services Holdings Limited was setup in 2002, alongside when Anglian Water’s covenanted and ring-fenced debt structure was established. This group of companies (known as the Anglian Water Services Financing Group or AWSFG) protects customers and our bondholders from risk associated with other, non-regulated Anglian Water Group companies outside the ring-fence. This makes us an attractive investment prospect for bondholders, which means we can keep financing costs lower, ultimately benefiting you with lower bills.
Anglian Water Sevices UK Parent Co Limited) (AWS UK Parent Co) is a second holding company in the ring-fenced structure, also protecting customers and investors from the risks of other non-regulated group companies. It is a UK registered company. In May 2018, it replaced the previous second holding company, Anglian Water Services Overseas Holdings Limited, which was a Cayman Islands registered company. The changes were made as part of our commitment to improve our financial structure transparency. Further information can be found on pages 46 and 47 of our Annual Integrated Report 2018.
Anglian Water Services Limited
Anglian Water Services Limited is the regulated company that trades as Anglian Water and money is raised for this business by our finance subsidiary, Anglian Water Services Financing PLC. A PLC is needed to raise debt in the UK public bond market and the funds it secures support our investment in the region’s water and water recycling services.
A PLC is needed to raise debt in the UK public bond market and the funds it secures support our investment in the region’s water and water recycling services.