Business Stream bid takes retail licence applicants to a half dozen
Industrial and commercial water and waste water retailer, Business Stream, was this week the latest and sixth applicant to Ofwat for a water and sewerage supply licence to enable it to compete England’s non-domestic water market when it opens next April. Business Stream claimed that since the Scottish market opened in 2008 customers there have reduced their water bills by some £133 million. Business Stream already has customers based in England, including House of Fraser and Bernard Matthews. Johanna Dow, chief executive of Business Stream (pictured) said: “Business Stream aims to grow a sizeable foothold in England when the market opens in 2017 and we are exploring all options to help us achieve that."
The first supplier out of the traps after the application process opened in April this year was Blairgowrie-based Castle Water. It was followed by:
Hamilton-based Clear Business Water
Ayr-based Cobalt Water
Northumbrian Water's business retail arm, NWG Business based in Pity Me
Thames Water's business retail operation Thames Water Commercial Services in Reading and
Castle agreed to acquire Portsmouth Water's business retail business in April 2017 after the south coast water only firm decided it lacked the reach to benefit in the competitive market. Castle was incorporated in April 2014 under chief executive, John Reynolds, and director, Graham Edwards.
Cobalt began trading in July 2013 and is owned by Andrew Robertson (managing director), Scott Macleod (operations director) and Hugh Brown (commercial director).
Clear Business Water lays claim to being the largest independent business water supplier in Scotland. John O'Donnnell and Stewart Yardley were the founding directors when it began operations in July 2013.