KELDA FINANCE (NO.2) LIMITED
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Cash
£44m
-34.1% vs 2025
Net assets
£584m
+13.6% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£66m
+115.6% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | £63,583,000 | £30,581,000 | £65,925,000 | +115.6% | |
| Net profit | £68,819,000 | £36,199,000 | £70,654,000 | +95.2% | |
| Cash | £33,566,000 | £66,584,000 | £43,912,000 | -34.1% | |
| Total assets less current liabilities | £1,000,950,000 | £905,938,000 | — | — | |
| Net assets | £546,307,000 | £514,249,000 | £584,364,000 | +13.6% | |
| Equity | £546,307,000 | £514,249,000 | £584,364,000 | +13.6% | |
| Average employees | 0 | 0 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Gearing (liabilities / total assets) | 46.1% | 43.2% | 36.6% | |
| Current ratio | 17.11x | 1.00x | — |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Financial Statements have been prepared on the going concern basis as the directors have a reasonable expectation that the company has adequate resources for a period of at least 12 months from the date of approval of the Financial Statements and that there are no material uncertainties to disclose.”
Group structure
- KELDA FINANCE (NO.2) LIMITED · parent
- Yorkshire Water Services Holdings Limited 100%
- Kelda Finance (No.3) Plc 100%
- Yorkshire Water Services Limited 100%
- Yorkshire Water Services Finance Limited 100%
- Yorkshire Water Finance Plc 100%
Significant events
- “In June 2025, the company early repaid secured bank loans with nominal values of £50,000,000 and £45,000,000 that were due to mature in December 2025.”
- “Following the year end, the company early repaid in full the amount drawn on a revolving credit facility of £30,000,000 in April 2026, that was due to mature in March 2027 and a secured bank loan with nominal value of £25,000,000 in July 2026, that was due to mature in September 2026.”
- “On 8 June 2026, a dividend of £61,000 per share was paid, equating to a total dividend payment of £6,100,000.”
- “On 17 June 2026, EQT Active Core Infrastructure acquired a 42% shareholding in Kelda Holdings Limited, the ultimate parent company of Kelda Finance (No.2) Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SMITH, Katharine Olivia Helen | Secretary | 2018-10-08 | — | — |
| ABI-SALLOUM, Kamal | Director | 2025-05-19 | Oct 1982 | British |
| GEE, Martin Anthony | Director | 2025-06-01 | Dec 1977 | British |
| SHAW, Lucy Nicola | Director | 2023-05-25 | May 1969 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORREST, Chantal | Secretary | 2014-12-31 | 2017-12-15 |
| MCFARLANE, Stuart Douglas | Secretary | 2012-06-25 | 2014-12-31 |
| HACKWOOD SECRETARIES LIMITED | Corporate Secretary | 2012-05-16 | 2012-06-25 |
| BARBER, Elizabeth Marian | Director | 2012-06-25 | 2020-10-13 |
| BEER, Simon Daniel | Director | 2023-05-25 | 2026-06-30 |
| CAUMETTE, Isabelle Catherine Veronique | Director | 2023-05-25 | 2026-06-17 |
| FLINT, Richard David | Director | 2012-06-25 | 2019-09-13 |
| FORREST, Chantal Benedicte | Director | 2014-12-31 | 2017-12-15 |
| INMAN, Paul Sybray | Director | 2023-05-25 | 2025-05-31 |
| JOHNS, Christopher Ian | Director | 2020-10-13 | 2023-02-28 |
| LORKIN, Mark Edwin | Director | 2023-05-25 | 2025-06-25 |
| MCFARLANE, Stuart Douglas | Director | 2012-06-25 | 2014-12-31 |
| NEWCOMBE, Paul Alan | Director | 2012-05-16 | 2012-06-25 |
| PATEL, Bhavik Shaileshkumar | Director | 2023-05-25 | 2025-05-19 |
| SMITH, Katharine Olivia Helen | Director | 2018-10-08 | 2023-05-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Kelda Finance (No. 1) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 74 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-07 | AA | accounts | Accounts with accounts type full | |
| 2026-09-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-18 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-10 | CH01 | officers | Change person director company with change date | |
| 2025-08-14 | AA | accounts | Accounts with accounts type full | |
| 2025-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-07 | AA | accounts | Accounts with accounts type full | |
| 2024-05-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-05-26 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.