British Water's chief executive Lloyd Martin says the association had its 'best performance ever' in 2017-18.
Source: British Water
LONDON, UK, JUNE 21, 2018 -- British Water had its "best performance ever" in 2017-18, chief executive Lloyd Martin told members attending British Water's annual general meeting this month.
"We saw a record number of new members join in the year and those new members brought in a record level of new-member income, exceeding the internal target we had set ourselves by over 50%," he said.
The organization now boasts nearly 200-member companies and organizations and reported its most profitable year in recent history. Martin said he was delighted that water utilities are now coming into membership, describing the benefits as a "win-win relationship" at the meeting, which was held at Stamford Bridge stadium.
The trade association's UK Forum has worked closely with the economic regulator Ofwat on key issues for the supply chain this year -- examining the proposed methodology for PR19 (the 2019 periodic review of investment) and reviewing the issues of cyclicality and direct procurement for customers, Martin told attendees. He also praised British Water's international team, which has also strengthened benefits to members and secured grants enabling 34 companies to attend events in the Gulf, Brazil, Vietnam and France over the last year.
"We continue to be the go-to organization for international water delegations wishing to visit the UK," he said.
Some 230 members joined the British Water Annual Lunch, held after the AGM, which also raised over £1,400 for WaterAid through a raffle. WaterAid chief executive Tim Wainwright gave a keynote speech to members acknowledging the charity's roots in the sector: "Our relationship with the water industry makes us special in the global NGO landscape," he said.
