Annual Report 2016 | Page 71

Annual Report 2016

Notes to the Financial Statements

Annual Report 2016
16 Fixed Asset Investments Company
Shares in Subsidiary
Undertakings £’ 000
At 1 April 2015 and 31 March 2016 100,738
Shares in subsidiary undertakings are stated at their cost which is equal to net book value .
As at 31 March 2016 , the Company ’ s trading subsidiary undertakings , all of which are incorporated in the United Kingdom with the exception of Echo India Private Limited , which is incorporated in India and OnSite Utility Services Canada Limited , which is incorporated in Canada , and all of which have only ordinary shares in issue , were as follows :
Direct
Indirect
Ordinary
Ordinary
Company Name
Shareholding
Shareholding
Nature of Business
South Staffordshire Water PLC
100 %
Regulated water supply
Aqua Direct Limited
100 %
Supply of spring and mineral water
Office Watercoolers Limited
90 %
Rental of water cooling units and sale of spring water
Echo Managed Services Limited
100 %
Customer management
Echo Northern Ireland Limited
100 %
Customer management
Inter-Credit International Limited
100 %
Customer credit management
Grosvenor Services Group Limited
100 %
Customer credit management
Echo India Private Limited
100 %
Software development support services to UK parent company
SSI Services ( UK ) Limited
100 %
Holding company for those companies listed below
OnSite Central Limited
100 %
Sewer and wastewater asset inspection , relining , surveying , cleaning and flow monitoring
OnSite Utility Services Canada Limited
100 %
Sewer and wastewater asset inspection , surveying and cleaning
Perco Engineering Services Limited
100 %
Trenchless installation and refurbishment of pipeline networks
OnSite Specialist Maintenance Limited
100 %
Specialist infrastructure maintenance
Integrated Water Services Limited
100 %
Clean water asset installation , repair , maintenance and refurbishment , mechanical and electrical and water hygiene services
Hydrosave UK Limited
100 %
Water main leak detection services and clean water network management services
Hydrosave Pipeline Technologies Limited
100 %
Non-destructive testing of clean water pipelines
Other subsidiaries of the Company as at 31 March 2016 , which were all non-trading companies as at that date , were as follows :
365 Environmental Services Limited
Grosvenor Legal Services Limited
Pump Services Limited
Aquaven Limited
Ion Water and Environmental Management Limited
Rapid Systems Limited
Brocol Consultants Limited
IWS M & E Services Limited
Recoup Revenue Management Limited
Cambridge Water Plc
IWS Pipeline Services Limited
South Staffordshire Infrastructure Services Limited
Data Contracts Specialist Maintenance Limited
IWS Water Hygiene Services Limited
South Staffordshire Water Holdings Limited
Debt Action Limited
Lingard Limited
Subaqua Solutions Limited
Freshwater Coolers Plc
OnSite Water & Wastewater Services WLL
Wells Water Treatment Services Limited
Greenacre Pumping Systems Limited
Portadam Limited
Woodside Environmental Services Limited
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