Yorkshire Water

Yorkshire Water is a utility company serving 5.7 million customers across Yorkshire. It is owned by Kelda Holdings, a Jersey-registered parent company. The company is currently newsworthy due to a combination of financial and ethical concerns. Despite facing heavy fines related to sewage discharge and public scrutiny over executive pay, Yorkshire Water has secured fresh funding from EQT, a Swedish private equity group, which will acquire a 42% stake in Kelda Holdings and help cover a £600m loan. Simultaneously, Yorkshire Water, along with other water companies in England and Wales, has been criticized for sending bailiffs to tens of thousands of homes for relatively small debts, often under £1,000. This practice, revealed by data released by the House of Commons environment, food and rural affairs committee, raises questions about the company's debt collection practices and their impact on vulnerable customers, especially amidst the new investment.