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Violation Tracker UK Individual Case
Company: Southern Water
Current Parent Company:
Macquarie
Parent at the Time of the Penalty Announcement: Southern Water
Recap of Ownership Changes: Southern Water’s ultimate parent are Greensands Holdings, those major shareholders were IIF (advised by JP Morgan) and The Northern Trust Co. (exited 2016), with no majority owner. In 2021 a fund managed by Macquarie acquired a majority stake.
Penalty: £126,000,000
Year: 2019
Date: 25 June, 2019
Offence Group: consumer-protection-related offences
Offence Type: water services violation
Violation Description: Southern Water agreed to pay £126m in penalties and payments to customers following serious failures in the operation of its sewage treatment sites and for deliberately misreporting its performance.
Action Type: agency action
Agency: Water Services Regulation Authority
HQ Country of Parent: Australia
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: financial services
Source of Data:
(click here)
