Group History

  • 2013

    Residual Waste Treatment Contract Signed
    View the press release

    Business Plan Submission to Ofwat
    View the press release

    Peterborough 30-year Residual Waste Treatment Contract signed
    View the press release

    Response to Further OFWAT Section 13 Notice to Modify Water Company Licences
    View the press release

  • 2012

    Response To Ofwat Section 13 Notice To Modify Water Company Licences
    View the press release

    25 Year South London Residual Waste Treatment Contract signed 5 November 2012
    View the press release

    Glasgow City Council Residual Waste Treatment Services Contract signed
    View the press release

  • 2011

    Oxfordshire Residual Waste Treatment PPP Contract signed
    View the announcement

  • 2010

    Completion of £400m clean water mains rehabilitation programme which saw 5,000km of water mains relined or replaced over 10 years

    Acquisition of Pearsons Group Holdings Limited for £16m
    View the announcement.

    Acquisition of Reconomy recycling companies for a cash consideration of £23.8m
    View the announcement.

    South West Water accepts Final Determination
    View the announcement.

  • 2009

    Ofwat Final Determination of price limits for K5 period (2010 - 2015) received by South West Water. Next Determination due in 2014.
    View the announcement.

    Intercontinental Recycling acquired for a cash consideration of £8.1m.
    Download the press release.

    London Recycling Limited acquired for a cash consideration of £11m.
    Read the announcement.

    Greater Manchester PFI Contract Completion.
    Read the announcement.

  • 2008

    South London Waste Partnership won.
    Read the announcement.

    Shore Recyling Ltd acquired for a cash consideration of £23m.
    Read the announcement.

  • 2007

    Launch of pioneering customer support scheme 'Water Care' by South West Water.
    Read more about Water Care on South West Water website.

    Grosvenor Waste Management Ltd acquired for a cash consideration of £79.5m (plus debt of £1.5m)
    Read the announcement.

    Skipaway Holdings Limited acquired for £14.7m
    Read the announcement.

    Viridor/Laing consortium announced as preferred bidder for Greater Manchester Waste Disposal Authority PFI.
    Read the announcement.

  • 2006

    Wyvern Waste acquired for £25.4m and 25 year PPP agreement entered into with Somerset County Council.
    View the announcement.

    £148.5m return of capital to shareholders by way of a B Share Scheme and share buy-back (announced with 2005 Interim Results).
    Download the report.

    All 144 bathing waters in the South West region achieved 100% compliance with the EU Mandatory Standard.

    Over half of South West Water's domestic customers on meters for the first time.

  • 2005

    Lakeside Energy from Waste Limited 50:50 joint venture established with Grundon Waste Management.
    View the announcement.

    Brett Waste Management acquired.
    View the announcement.

    All of the major projects in South West Water's 15 year "Clean Sweep" bathing water compliance programme completed.

  • 2004

    Thames Waste Management acquired for £30.8m.
    View the announcement.

    Ofwat Final Determination of price limits for K4 period (2005 - 2010) received by South West Water. Next Determination due in 2009.

    Bid Approach from Terra Firma rebuffed.
    View the announcement.

    West Sussex integrated waste contract commenced.

  • 2003

    Churngold Holdings Limited acquired for £19.8m.
    View the announcement.

  • 2002

    Parkwood Holdings Limited acquired for £20.6m.
    View the announcement.

    Torbay £97m 'Clean Sweep' scheme completed.

    Sale of Viridor Instrumentation for £103.6m and special interim dividend paid to shareholders from the net sale proceeds.
    View the announcement.

  • 2000

    Sale of Viridor Contracting for £10.9m.
    View the announcement.

  • 1998

    Group changes its name to Pennon Group Plc to better reflect the success of the Group's strategy of building two different areas of operational focus, SWW and Viridor.

    Plymouth £63m 'Clean Sweep' scheme completed.

  • 1997

    Landfill activities of Terry Adams acquired, initially for £76.6m. (Contingent considerations amounting to £7.9m followed)
    Download press release.

  • 1996

    Bid approaches from Wessex and Severn Trent disallowed by the Board of Trade.

  • 1995

    Blue Circle Waste Management acquired for £70.7m. Download press release.

  • 1993

    Purchase of the first of our waste companies, Haul Waste Limited for £28.7m, later renamed Viridor Waste Management Limited. Many other waste companies, small and large, have been purchased since 1993. The most significant transactions are given above.
    Download press release.

  • 1991

    Interim Determination of K (IDoK) to fund South West Water's accelerated bathing water compliance programme.

  • 1989

    Privatisation of the water industry in England and Wales. South West Water Plc one of ten water and sewerage companies launched on the London Stock Exchange.

    Roadford Reservoir completed providing 34,500 megalitres of water storage.