Gary Carter

Revealed: Yorkshire Water boss was paid extra £1.3m via offshore parent firm

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https://www.theguardian.com/business/2025/aug/03/yorkshire-water-boss-pay-offshore-parent-company

Nicola Shaw received remuneration from Kelda Holdings as well as Yorkshire Water. Photograph: Graham Turner/The Guardian

Company says extra payments relating to work for Kelda Holdings were covered by shareholders not billpayers

The boss of Yorkshire Water, one of Britain’s biggest water suppliers, has received £1.3m in previously undisclosed extra pay since 2023 via an offshore parent company, the Guardian can reveal.

Nicola Shaw received £660,000 from Yorkshire Water’s Jersey-registered parent company, Kelda Holdings, in the 2023-24 and the 2024-25 financial years. The size of the fees was not disclosed in the annual report of the regulated subsidiary, Yorkshire Water Services.

The utility company at first refused to detail the pay Kelda Holdings had awarded Shaw, saying the parent company was a “private entity registered in Jersey and subject to separate disclosure frameworks”. Only after the Guardian raised questions about the ability of MPs and bill payers to scrutinise the pay awarded did the company reveal the amount of the two payments.

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Gary Carter, the national officer for GMB, a union representing water workers, said: “This is another case of water companies not listening to the outrage and concerns of the public over the payment of unjustifiable salaries.

“The fact that this salary is hidden and not transparent just further undermines the reputation of water companies. This sort of behaviour has got to end.”

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Read the original article at https://www.theguardian.com/business/2025/aug/03/yorkshire-water-boss-pay-offshore-parent-company

April 2023 Surfers Against Sewage and Extinction Rebellion protests in St Agnes, Perranporth, Truro and Charlestown which unveiled spoof Blue Plaques to the MPs and Conservative Government who allowed raw sewage to be dumped in the sea (Image: Surfers Against Sewage)
April 2023 Surfers Against Sewage and Extinction Rebellion protests in St Agnes, Perranporth, Truro and Charlestown which unveiled spoof Blue Plaques to the MPs and Conservative Government who allowed raw sewage to be dumped in the sea (Image: Surfers Against Sewage)
Continue ReadingRevealed: Yorkshire Water boss was paid extra £1.3m via offshore parent firm

Troubled Thames Water reveals ballooning debts and losses for the past year

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https://morningstaronline.co.uk/article/troubled-thames-water-reveals-ballooning-debts-and-losses-past-year

 A tanker pumps out excess sewage from the Lightlands Lane sewage pumping station in Cookham, Berskhire, January 10, 2024

THAMES WATER’s debts have ballooned to £16.8 billion and it made a loss of £1.65bn in the year to March, the company revealed today, sparking fresh calls for renationalisation.

Appearing before the Commons environment committee, chief executive Chris Weston admitted that the company was “extremely stressed” and would take “at least a decade to turn around.”

Britain’s largest water supplier also revealed a sharp increase in pollution incidents over the past year.

Gary Carter, a national officer at water industry union GMB, said: “Thames Water is drowning under a mountain of debt.

“Hiking customer bills has led to a rise in operating profit, money that should go on investment but is being swallowed up by monstrous loans needed to keep the company afloat.

“While Thames lurches from crisis to crisis, the solution is clear: it must be taken back into public ownership, with workers’ terms, conditions and pensions protected.”

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Article continues at https://morningstaronline.co.uk/article/troubled-thames-water-reveals-ballooning-debts-and-losses-past-year

Continue ReadingTroubled Thames Water reveals ballooning debts and losses for the past year