south east water limited Company Information
Company Number
02679874
Next Accounts
Dec 2025
Shareholders
south east water (holdings) ltd
Group Structure
View All
Industry
Water collection, treatment and supply
Registered Address
south east water limited, rocfort road, snodland, kent, ME6 5AH
Website
www.southeastwater.co.uksouth east water limited Estimated Valuation
Pomanda estimates the enterprise value of SOUTH EAST WATER LIMITED at £628.3m based on a Turnover of £281.8m and 2.23x industry multiple (adjusted for size and gross margin).
south east water limited Estimated Valuation
Pomanda estimates the enterprise value of SOUTH EAST WATER LIMITED at £1.3b based on an EBITDA of £127.1m and a 10.34x industry multiple (adjusted for size and gross margin).
south east water limited Estimated Valuation
Pomanda estimates the enterprise value of SOUTH EAST WATER LIMITED at £651.1m based on Net Assets of £242.8m and 2.68x industry multiple (adjusted for liquidity).
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South East Water Limited Overview
South East Water Limited is a live company located in snodland, ME6 5AH with a Companies House number of 02679874. It operates in the water collection, treatment and supply sector, SIC Code 36000. Founded in February 1992, it's largest shareholder is south east water (holdings) ltd with a 100% stake. South East Water Limited is a mature, mega sized company, Pomanda has estimated its turnover at £281.8m with healthy growth in recent years.
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South East Water Limited Health Check
Pomanda's financial health check has awarded South East Water Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs


5 Strong

4 Regular

3 Weak

Size
annual sales of £281.8m, make it larger than the average company (£22m)
£281.8m - South East Water Limited
£22m - Industry AVG

Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.3%)
4% - South East Water Limited
6.3% - Industry AVG

Production
with a gross margin of 26.4%, this company has a comparable cost of product (26.4%)
26.4% - South East Water Limited
26.4% - Industry AVG

Profitability
an operating margin of 22.6% make it more profitable than the average company (6.6%)
22.6% - South East Water Limited
6.6% - Industry AVG

Employees
with 1071 employees, this is above the industry average (112)
1071 - South East Water Limited
112 - Industry AVG

Pay Structure
on an average salary of £36.1k, the company has a lower pay structure (£49.5k)
£36.1k - South East Water Limited
£49.5k - Industry AVG

Efficiency
resulting in sales per employee of £263.1k, this is equally as efficient (£263.1k)
£263.1k - South East Water Limited
£263.1k - Industry AVG

Debtor Days
it gets paid by customers after 63 days, this is near the average (60 days)
63 days - South East Water Limited
60 days - Industry AVG

Creditor Days
its suppliers are paid after 30 days, this is close to average (31 days)
30 days - South East Water Limited
31 days - Industry AVG

Stock Days
it holds stock equivalent to 2 days, this is less than average (15 days)
2 days - South East Water Limited
15 days - Industry AVG

Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (11 weeks)
1 weeks - South East Water Limited
11 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 87.3%, this is a higher level of debt than the average (78%)
87.3% - South East Water Limited
78% - Industry AVG
SOUTH EAST WATER LIMITED financials

South East Water Limited's latest turnover from March 2024 is £281.8 million and the company has net assets of £242.8 million. According to their latest financial statements, South East Water Limited has 1,071 employees and maintains cash reserves of £5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 281,775,000 | 257,482,000 | 251,276,000 | 248,156,000 | 243,481,000 | 238,281,000 | 221,492,000 | 218,905,000 | 214,430,000 | 215,080,000 | 213,588,000 | 207,887,000 | 200,067,000 | 190,545,000 | 181,014,000 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 63,777,000 | 41,299,000 | 83,830,000 | 77,522,000 | 86,437,000 | 75,041,000 | 79,010,000 | 74,772,000 | 79,684,000 | 96,165,000 | 100,414,000 | 99,131,000 | 93,549,000 | 85,224,000 | |
Interest Payable | 102,151,000 | 117,459,000 | 67,565,000 | 42,956,000 | 52,862,000 | 56,110,000 | 56,017,000 | 58,793,000 | 41,799,000 | 52,323,000 | 33,598,000 | 9,353,000 | 62,682,000 | 63,017,000 | 32,278,000 |
Interest Receivable | 1,711,000 | 1,925,000 | 705,000 | 3,093,000 | 5,333,000 | 6,076,000 | 4,803,000 | 5,119,000 | 6,707,000 | 5,127,000 | 5,295,000 | 5,789,000 | 5,904,000 | 5,567,000 | 19,906,000 |
Pre-Tax Profit | -36,663,000 | -74,235,000 | 16,970,000 | 37,659,000 | 33,802,000 | 36,403,000 | 23,827,000 | 25,336,000 | 42,436,000 | 35,285,000 | 51,427,000 | 41,740,000 | 42,353,000 | 36,099,000 | 72,852,000 |
Tax | 8,620,000 | 18,798,000 | -45,880,000 | -6,343,000 | -16,918,000 | -6,992,000 | -7,590,000 | 1,759,000 | 4,043,000 | -4,012,000 | 8,209,000 | -2,550,000 | 665,000 | 5,318,000 | -20,589,000 |
Profit After Tax | -28,043,000 | -55,437,000 | -28,910,000 | 31,316,000 | 16,884,000 | 29,411,000 | 16,237,000 | 27,095,000 | 46,479,000 | 31,273,000 | 59,636,000 | 39,190,000 | 43,018,000 | 41,417,000 | 52,263,000 |
Dividends Paid | 2,250,000 | 9,000,000 | 9,000,000 | 147,013,000 | 11,000,000 | 28,000,000 | 18,000,000 | 16,000,000 | 9,000,000 | 27,144,000 | 30,000,000 | 31,000,000 | 32,000,000 | 31,800,000 | 25,300,000 |
Retained Profit | -30,293,000 | -64,437,000 | -37,910,000 | -115,697,000 | 5,884,000 | 10,664,000 | -1,832,000 | 11,095,000 | 37,479,000 | 4,129,000 | 29,636,000 | 8,190,000 | 11,018,000 | 9,617,000 | 26,963,000 |
Employee Costs | 38,643,000 | 36,165,000 | 32,416,000 | 25,416,000 | 30,166,000 | 36,718,000 | 34,964,000 | 34,322,000 | 33,268,000 | 31,321,000 | 23,906,000 | 23,299,000 | 19,290,000 | 19,162,000 | 17,449,000 |
Number Of Employees | 1,071 | 1,011 | 1,001 | 986 | 99 | 950 | 975 | 899 | 849 | 814 | 789 | 749 | 730 | 691 | 681 |
EBITDA* | 127,146,000 | 102,774,000 | 142,490,000 | 133,926,000 | 137,601,000 | 124,674,000 | 125,465,000 | 119,772,000 | 117,216,000 | 130,935,000 | 133,346,000 | 127,540,000 | 120,698,000 | 110,577,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,804,458,000 | 1,747,363,000 | 1,746,473,000 | 1,712,000,000 | 1,820,482,000 | 1,770,598,000 | 1,716,230,000 | 1,655,009,000 | 1,611,200,000 | 1,561,997,000 | 1,396,521,000 | 1,333,786,000 | 1,278,702,000 | 1,222,046,000 | 1,166,184,000 |
Intangible Assets | 10,066,000 | 7,768,000 | 8,294,000 | 8,787,000 | 9,568,000 | 10,501,000 | 10,758,000 | 11,058,000 | 11,046,000 | 10,651,000 | 9,713,000 | 7,816,000 | 6,274,000 | 3,473,000 | 3,268,000 |
Investments & Other | 135,941,000 | 189,911,000 | 190,013,000 | 190,013,000 | 190,013,000 | ||||||||||
Debtors (Due After 1 year) | 23,014,000 | 23,842,000 | 57,346,000 | 34,368,000 | 39,784,000 | 25,564,000 | 5,685,000 | 196,239,000 | 4,617,000 | ||||||
Total Fixed Assets | 1,814,524,000 | 1,755,131,000 | 1,754,767,000 | 1,686,419,000 | 1,794,138,000 | 1,781,099,000 | 1,726,988,000 | 1,666,067,000 | 1,622,246,000 | 1,572,648,000 | 1,406,234,000 | 1,341,602,000 | 1,284,976,000 | 1,225,519,000 | 1,169,452,000 |
Stock & work in progress | 1,343,000 | 1,132,000 | 851,000 | 673,000 | 689,000 | 592,000 | 236,000 | 214,000 | 185,000 | 245,000 | 267,000 | 136,000 | 232,000 | 240,000 | 312,000 |
Trade Debtors | 48,877,000 | 49,309,000 | 35,547,000 | 39,524,000 | 39,751,000 | 76,397,000 | 69,969,000 | 65,102,000 | 29,968,000 | 28,422,000 | 29,607,000 | 28,483,000 | 48,024,000 | 47,074,000 | 47,112,000 |
Group Debtors | 50,000 | 21,000 | 75,000 | 26,000 | 96,000 | 148,000 | 59,000 | 17,000 | 21,000 | 229,000 | 44,000 | 188,000 | |||
Misc Debtors | 48,550,000 | 43,045,000 | 48,490,000 | 47,136,000 | 40,818,000 | 9,793,000 | 8,260,000 | 6,915,000 | 36,534,000 | 37,133,000 | 34,089,000 | 30,264,000 | |||
Cash | 4,986,000 | 4,002,000 | 14,539,000 | 41,617,000 | 12,981,000 | 12,804,000 | 6,528,000 | 11,371,000 | 16,947,000 | 28,719,000 | 52,710,000 | 99,494,000 | 27,666,000 | 55,711,000 | 93,923,000 |
misc current assets | |||||||||||||||
total current assets | 103,806,000 | 97,509,000 | 99,427,000 | 129,025,000 | 94,239,000 | 99,586,000 | 85,019,000 | 83,698,000 | 83,782,000 | 94,578,000 | 116,690,000 | 158,398,000 | 76,151,000 | 103,069,000 | 141,535,000 |
total assets | 1,918,330,000 | 1,852,640,000 | 1,854,194,000 | 1,815,444,000 | 1,888,377,000 | 1,880,685,000 | 1,812,007,000 | 1,749,765,000 | 1,706,028,000 | 1,667,226,000 | 1,522,924,000 | 1,500,000,000 | 1,361,127,000 | 1,328,588,000 | 1,310,987,000 |
Bank overdraft | |||||||||||||||
Bank loan | 30,000,000 | 254,890,000 | 20,000,000 | ||||||||||||
Trade Creditors | 17,398,000 | 13,071,000 | 10,919,000 | 11,369,000 | 12,877,000 | 13,890,000 | 13,610,000 | 14,339,000 | 10,803,000 | 14,366,000 | 13,784,000 | 13,587,000 | 14,182,000 | 18,240,000 | 10,285,000 |
Group/Directors Accounts | |||||||||||||||
other short term finances | 97,436,000 | 30,520,000 | 80,000,000 | 108,836,000 | 3,000,000 | 16,000,000 | |||||||||
hp & lease commitments | 339,000 | 318,000 | 329,000 | 1,066,000 | 1,114,000 | 2,055,000 | |||||||||
other current liabilities | 110,068,000 | 119,797,000 | 102,986,000 | 90,911,000 | 58,754,000 | 89,528,000 | 90,877,000 | 90,836,000 | 85,091,000 | 84,951,000 | 82,080,000 | 88,859,000 | 71,032,000 | 66,177,000 | 64,658,000 |
total current liabilities | 224,902,000 | 163,388,000 | 114,244,000 | 182,598,000 | 101,960,000 | 467,144,000 | 124,487,000 | 105,175,000 | 95,894,000 | 99,317,000 | 95,864,000 | 102,446,000 | 89,280,000 | 85,531,000 | 92,998,000 |
loans | 1,250,980,000 | 1,198,501,000 | 2,240,956,000 | 2,076,742,000 | 2,057,994,000 | 1,435,208,000 | 1,905,963,000 | 1,864,964,000 | 1,826,986,000 | 1,815,647,000 | 1,789,647,000 | 1,762,801,000 | 1,529,533,000 | 1,489,138,000 | 1,443,320,000 |
hp & lease commitments | 3,175,000 | 3,592,000 | 3,910,000 | ||||||||||||
Accruals and Deferred Income | 3,646,000 | 4,876,000 | 4,315,000 | 3,625,000 | 3,438,000 | 3,185,000 | 74,471,000 | 69,938,000 | 65,633,000 | 61,876,000 | 58,282,000 | 55,034,000 | 52,334,000 | 49,370,000 | 46,071,000 |
other liabilities | 3,864,000 | 4,104,000 | 4,154,000 | 4,623,000 | 40,868,000 | 5,379,000 | 5,979,000 | 4,261,000 | 2,589,000 | 1,751,000 | 1,012,000 | 955,000 | 596,000 | 636,000 | 676,000 |
provisions | 384,316,000 | 405,374,000 | 463,318,000 | 340,800,000 | 338,934,000 | 297,098,000 | 286,732,000 | 269,492,000 | 284,064,000 | 320,156,000 | 307,698,000 | 342,766,000 | 351,740,000 | 335,006,000 | 405,188,000 |
total long term liabilities | 1,450,648,000 | 1,410,168,000 | 1,360,606,000 | 1,217,019,000 | 1,242,770,000 | 874,717,000 | 1,228,882,000 | 1,191,885,000 | 1,167,360,000 | 1,175,934,000 | 1,149,452,000 | 1,149,731,000 | 1,025,677,000 | 986,805,000 | 989,501,000 |
total liabilities | 1,675,550,000 | 1,573,556,000 | 1,474,850,000 | 1,399,617,000 | 1,344,730,000 | 1,341,861,000 | 1,353,369,000 | 1,297,060,000 | 1,263,254,000 | 1,275,251,000 | 1,245,316,000 | 1,252,177,000 | 1,114,957,000 | 1,072,336,000 | 1,082,499,000 |
net assets | 242,780,000 | 279,084,000 | 379,344,000 | 415,827,000 | 543,647,000 | 538,824,000 | 458,638,000 | 452,705,000 | 442,774,000 | 391,975,000 | 277,608,000 | 247,823,000 | 246,170,000 | 256,252,000 | 228,488,000 |
total shareholders funds | 242,780,000 | 279,084,000 | 379,344,000 | 415,827,000 | 543,647,000 | 538,824,000 | 458,638,000 | 452,705,000 | 442,774,000 | 391,975,000 | 277,608,000 | 247,823,000 | 246,170,000 | 256,252,000 | 228,488,000 |
Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 63,777,000 | 41,299,000 | 83,830,000 | 77,522,000 | 86,437,000 | 75,041,000 | 79,010,000 | 74,772,000 | 79,684,000 | 96,165,000 | 100,414,000 | 99,131,000 | 93,549,000 | 85,224,000 | |
Depreciation | 59,874,000 | 57,361,000 | 55,666,000 | 52,907,000 | 51,422,000 | 48,035,000 | 46,234,000 | 43,275,000 | 42,040,000 | 34,691,000 | 32,087,000 | 30,743,000 | 26,836,000 | 25,343,000 | 23,644,000 |
Amortisation | 3,495,000 | 4,114,000 | 2,994,000 | 3,497,000 | 3,049,000 | 3,129,000 | 3,399,000 | 3,180,000 | 2,960,000 | 2,841,000 | 2,683,000 | 2,189,000 | 1,573,000 | 1,806,000 | 1,709,000 |
Tax | 8,620,000 | 18,798,000 | -45,880,000 | -6,343,000 | -16,918,000 | -6,992,000 | -7,590,000 | 1,759,000 | 4,043,000 | -4,012,000 | 8,209,000 | -2,550,000 | 665,000 | 5,318,000 | -20,589,000 |
Stock | 211,000 | 281,000 | 178,000 | -16,000 | 97,000 | 356,000 | 22,000 | 29,000 | -60,000 | -22,000 | 131,000 | -96,000 | -8,000 | -72,000 | 312,000 |
Debtors | 4,274,000 | -25,166,000 | 20,280,000 | 750,000 | 8,599,000 | 33,499,000 | 6,142,000 | 5,463,000 | 1,036,000 | 1,901,000 | 4,945,000 | 4,830,000 | -189,419,000 | 191,440,000 | 51,917,000 |
Creditors | 4,327,000 | 2,152,000 | -450,000 | -1,508,000 | -1,013,000 | 280,000 | -729,000 | 3,536,000 | -3,563,000 | 582,000 | 197,000 | -595,000 | -4,058,000 | 7,955,000 | 10,285,000 |
Accruals and Deferred Income | -10,959,000 | 17,372,000 | 12,765,000 | 32,344,000 | -30,521,000 | -72,635,000 | 4,574,000 | 10,050,000 | 3,897,000 | 6,465,000 | -3,531,000 | 20,527,000 | 7,819,000 | 4,818,000 | 110,729,000 |
Deferred Taxes & Provisions | -21,058,000 | -57,944,000 | 122,518,000 | 1,866,000 | 41,836,000 | 10,366,000 | 17,240,000 | -14,572,000 | -36,092,000 | 12,458,000 | -35,068,000 | -8,974,000 | 16,734,000 | -70,182,000 | 405,188,000 |
Cash flow from operations | 103,591,000 | 108,037,000 | 210,985,000 | 159,551,000 | 34,765,000 | 132,005,000 | 120,746,000 | 87,081,000 | 130,830,000 | 95,666,000 | 137,020,000 | 338,127,000 | -122,761,000 | 563,961,000 | |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | -135,941,000 | -53,970,000 | 189,911,000 | -190,013,000 | 190,013,000 | ||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | -30,000,000 | -224,890,000 | 234,890,000 | 20,000,000 | |||||||||||
Group/Directors Accounts | |||||||||||||||
Other Short Term Loans | 66,916,000 | 30,520,000 | -80,000,000 | 80,000,000 | -108,836,000 | 108,836,000 | -3,000,000 | 3,000,000 | -16,000,000 | 16,000,000 | |||||
Long term loans | 52,479,000 | -1,042,455,000 | 164,214,000 | 18,748,000 | 622,786,000 | -470,755,000 | 40,999,000 | 37,978,000 | 11,339,000 | 26,000,000 | 26,846,000 | 233,268,000 | 40,395,000 | 45,818,000 | 1,443,320,000 |
Hire Purchase and Lease Commitments | -3,514,000 | -396,000 | -329,000 | 4,239,000 | -1,066,000 | -48,000 | -941,000 | 2,055,000 | |||||||
other long term liabilities | -240,000 | -50,000 | -469,000 | -36,245,000 | 35,489,000 | -600,000 | 1,718,000 | 1,672,000 | 838,000 | 739,000 | 57,000 | 359,000 | -40,000 | -40,000 | 676,000 |
share issue | |||||||||||||||
interest | -100,440,000 | -115,534,000 | -66,860,000 | -39,863,000 | -47,529,000 | -50,034,000 | -51,214,000 | -53,674,000 | -35,092,000 | -47,196,000 | -28,303,000 | -3,564,000 | -56,778,000 | -57,450,000 | -12,372,000 |
cash flow from financing | 12,704,000 | -1,166,856,000 | 17,916,000 | -19,812,000 | 280,198,000 | -108,141,000 | 19,268,000 | -15,188,000 | -9,595,000 | 89,781,000 | -1,251,000 | 219,460,000 | -34,571,000 | -10,466,000 | 1,651,204,000 |
cash and cash equivalents | |||||||||||||||
cash | 984,000 | -10,537,000 | -27,078,000 | 28,636,000 | 177,000 | 6,276,000 | -4,843,000 | -5,576,000 | -11,772,000 | -23,991,000 | -46,784,000 | 71,828,000 | -28,045,000 | -38,212,000 | 93,923,000 |
overdraft | |||||||||||||||
change in cash | 984,000 | -10,537,000 | -27,078,000 | 28,636,000 | 177,000 | 6,276,000 | -4,843,000 | -5,576,000 | -11,772,000 | -23,991,000 | -46,784,000 | 71,828,000 | -28,045,000 | -38,212,000 | 93,923,000 |
south east water limited Credit Report and Business Information
South East Water Limited Competitor Analysis

Perform a competitor analysis for south east water limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mega companies, companies in ME6 area or any other competitors across 12 key performance metrics.
south east water limited Ownership
SOUTH EAST WATER LIMITED group structure
South East Water Limited has no subsidiary companies.
Ultimate parent company
UTA HONG KONG HOLDINGS LTD
#0126285
2 parents
SOUTH EAST WATER LIMITED
02679874
south east water limited directors
South East Water Limited currently has 8 directors. The longest serving directors include Mr David Hinton (Jun 2013) and Mr Andrew Farmer (Aug 2015).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr David Hinton | 57 years | Jun 2013 | - | Director | |
Mr Andrew Farmer | 55 years | Aug 2015 | - | Director | |
Mrs Celia Hussey | 51 years | Jun 2018 | - | Director | |
Mr Mark McArdle | 37 years | Feb 2022 | - | Director | |
Mr Christopher Train | United Kingdom | 64 years | Feb 2022 | - | Director |
Ms Lisa Clement | 57 years | Jan 2023 | - | Director | |
Mr William McKinstry | United Kingdom | 59 years | Aug 2024 | - | Director |
Mrs Caroline Sheridan | 50 years | Feb 2025 | - | Director |
P&L
March 2024turnover
281.8m
+9%
operating profit
63.8m
+54%
gross margin
26.5%
-8.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
242.8m
-0.13%
total assets
1.9b
+0.04%
cash
5m
+0.25%
net assets
Total assets minus all liabilities
south east water limited company details
company number
02679874
Type
Private limited with Share Capital
industry
36000 - Water collection, treatment and supply
incorporation date
February 1992
age
33
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
south east water plc (April 2004)
mid-sussex water plc (January 1999)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
south east water limited, rocfort road, snodland, kent, ME6 5AH
Bank
HSBC BANK PLC
Legal Advisor
-
south east water limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to south east water limited. Currently there are 2 open charges and 0 have been satisfied in the past.
south east water limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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south east water limited Companies House Filings - See Documents
date | description | view/download |
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