Try GOLD - Free
Water retailer is making Waves as revenues rise
The Journal
|December 06, 2025
WATER management and retailer Wave has grown revenues to more than half a billion pounds thanks to continued success with public sector clients.
The Durham-based firm works with other businesses and councils to drive down water usage and lower bills and is part-owned by Northumbrian Water.
New accounts, for the year to the end of March show it generated revenue of nearly £555m, up from £495.5m, as operating profits dipped from £13.1m to £11.1m.
Total shareholder funds grew from £58.7m to £64.8m. And employee numbers rose from 327 to 331, with the growth mainly in its operations.
Bosses pointed to a £22m reduction in loans and borrowings as the firm repays long term loans to shareholders from the start of the joint venture between Anglian Water Business and NWG Business in 2017.
Wave said it is generating sufficient cash to fund its operations and make repayments.
This story is from the December 06, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
Itoje back as captain for Calcutta Cup clash
RUGBY UNION Maro Itoje will lead England into Saturday's Guinness Six Nations clash with Scotland after being restored to the starting XV for the trip to Murrayfield.
1 mins
February 11, 2026
The Journal
Police hold man after roof standoff
A man has been arrested on suspicion of criminal damage after a lengthy rooftop standoff in Gateshead.
1 min
February 11, 2026
The Journal
Restaurants retain their places on Michelin map
THREE North East restaurants have been awarded Michelin Stars at the Michelin Guide Ceremony 2026.
2 mins
February 11, 2026
The Journal
Ramsey is cooking on gas as first goal serves up win
JACOB Ramsey's first goal in a Newcastle United shirt stopped the rot at Tottenham Hotspur last night.
1 min
February 11, 2026
The Journal
Council set to increase house rents
COUNCIL house rents in Newcastle are expected to rise by almost 5% in April.
1 min
February 11, 2026
The Journal
A brighter January as retail sales bounce back
RETAIL sales finally picked up in January after consumers held off on Christmas spending in anticipation of the new year sales, figures show.
1 min
February 11, 2026
The Journal
Connor to leave ECB role after World Cup
ECB deputy chief executive and managing director of England Women Clare Connor has announced she will leave the organisation at the end of this summer's Women's T20 World Cup.
1 min
February 11, 2026
The Journal
Killer, 15, to be held for at least 13 years
THE 15-year-old boy who stabbed Leo Ross to death in a random attack and tried to drown an 82-year-old woman and attacked two other elderly women days before the fatal incident has been detained for a minimum of 13 years.
1 mins
February 11, 2026
The Journal
'24,701 early downloads' of Budget details
THE budget was accessed nearly 25,000 times before its formal release, according to an official report into the leak.
1 min
February 11, 2026
The Journal
Romeo Cheltenham decision to be left late
GORDON Elliott plans to make a late call on which race Romeo Coolio will line up in at the Cheltenham Festival next month.
3 mins
February 11, 2026
Listen
Translate
Change font size