Dwr Cymru Welsh Water
Cardiff
About Dwr Cymru Welsh Water
Welsh Water is owned by Glas Cymru a single purpose company with no shareholders and is run solely for the benefit of customers. The Glas Cymru business model aims to reduce Welsh Water’s asset financing cost, the water industry's single biggest cost. Under Glas Cymru’s ownership, Welsh Water's assets and capital investment are financed by bonds and retained financial surpluses. Financing efficiency savings to date have largely been used to build up reserves to insulate Welsh Water and its customers from any unexpected costs and also to improve credit quality so that Welsh Water’s cost of finance can be kept as low as possible in the years ahead.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 1,001 – 5,000
- Estimated revenue: $500K – $1M
- Total funding: $787.9M
- Last round: Debt Financing (Sep 2024)
- Website: dwrcymru.com
Industries & Categories
Banking, Insurance
Social Profiles
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