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the Gaff?
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Utilities

Southern Water

Profile reviewed

Southern Water supplies water and wastewater services in southern England. Macquarie-managed funds made a majority investment in 2021; a new minority investment by Asterion was announced in June 2026. [1][2]

01 / Behind the name

Who owns Southern Water?

Private · Majority investment in 2021; exact current stake not verified [1][2]

  1. 01
    Disclosed investment scope

    Southern Water · MAM-led investment [1][2]

    As reported · 9 Oct 2026
  2. 02
    Investment manager / disclosed portfolio sponsor

    Macquarie Asset Management [1][2]

    As reported · 9 Oct 2026

The 2021 majority investment and the June 2026 funding announcement have different dates. Asterion announced an approximately 20% minority investment alongside MAM-managed funds, subject to regulatory approvals. Completion and the resulting exact MAM-managed stake have not been established; the proposed percentage is not recorded as a completed holding. This is selected ownership evidence, not a complete legal parent or shareholder register. Headquarters and parent incorporation have not been separately verified; the location of operations is not treated as proof of either. [1][2]

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02 / On the map

Where is it based?

Disclosed investment manager
Macquarie Asset Management [1][2]
Group headquarters
Not yet verified [1]
Parent incorporated in
Not yet verified [1]

Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.

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Investors in Southern Water

Investor disclosures found

Selected investor disclosures have been found. Each names the held entity, basis and date; the complete investor register remains outside this review. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.

Fund investment

Macquarie Asset Management

Held entity · Southern Water · MAM-led investment

Majority investment in 2021; exact current stake not verified

Investment disclosures checked ·

The 2021 majority investment and the June 2026 funding announcement have different dates. Asterion announced an approximately 20% minority investment alongside MAM-managed funds, subject to regulatory approvals. Completion and the resulting exact MAM-managed stake have not been established; the proposed percentage is not recorded as a completed holding.

Evidence · 2 sources

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03 / The figures, with context

What does it report in UK tax?

The ownership review has not established a dated UK cash corporation-tax payment. Fund investors, operating businesses and property vehicles can have different reporting scopes; no amount is inferred from the investment disclosure.

United KingdomNot yet verified

UK corporation tax paid

Not yet verifiedCash payment

Southern Water · UK reporting scope not verified
Annual reporting period not yet verified

The cited sources establish investment or portfolio information, rather than a dated UK cash payment. The relevant UK tax-paying entity, filed financial period and cash corporation-tax payment have not been separately reconciled in this review. Not verified does not mean that no tax was paid. [1]

These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.

Understand the measures

04 / Check our working

The public record.

Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.

  1. 01
    Southern Water investment (opens in a new tab)

    Macquarie Group · Majority investment in 2021 and water/wastewater infrastructure in southern England

    Accessed 9 Oct 2026
  2. 02
    Asterion joins Southern Water investment consortium (opens in a new tab)

    Asterion Industrial Partners · 22 June 2026: approximately 20% new minority investment, subject to regulatory approvals

    Accessed 9 Oct 2026