Water Services Regulation Authority (Ofwat) · Awarded contract
Awarded

Financial Resilience Review of Corporate Structures for Regulated Water Companies

Awarded 17 Feb 2020

View live tenders
Awarded17 Feb 2020
Value£49,725.00
SupplierBDO LLP
AgencyWater Services Regulation Authority (Ofwat)
RegionWest Midlands
CategoryConsultancy & Legal
Ended 6y 7mo ago1mo term
Awarded 17 Feb 2020Expired 30 Mar 2020

About

Water Services Regulation Authority (Ofwat) awarded a contract to BDO LLP for a financial resilience review focused on corporate structures.

The work involved reviewing the structure and ownership of each holding company group for the 17 main regulated water and waste water companies, identifying actual or potential issues that could affect the regulated companies' position, including concerns about the financial position of holding companies, their ability to withstand cost shocks, access to new capital, and any reduction or cessation in dividend flows.

Where groups had undergone restructuring in the last two years, the work provided a view on the purpose of that restructuring and associated risks.

The contract value was £49,725.

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