December 4, 2020

Anglian Water first to complete removal of its Cayman company

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Anglian Water has become the first UK water company to complete the removal of its Cayman Islands company from its financial structure. The Cayman Islands company was always registered in the UK for tax and Anglian Water never received any tax advantage from its location. The company was also never used to raise debt finance, […]

UK: Anglian’s transparency drive [removal of Cayman Islands subsidiary]

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By Katey Pigden A raft of commitments by Anglian Water will see it “speed up” the removal of its Cayman Islands subsidiary, cut dividends, increase investment and review its corporate structure, says Katey Pigden. Anglian Water is the latest company to take up the transparency gauntlet thrown down by Ofwat and the government, and its […]