Business water supplier Aquaflow ‘likely to enter liquidation’

28th March 2019
Water regulator Ofwat has been informed by business water supplier, Aquaflow Utilities that it is likely to enter into liquidation as of midnight on 9th April 2019.

In a statement, Ofwat said “We are now stepping in to use our powers under the Interim Supply Code to ensure customers have a new water retailer as soon as possible. Customers do not need to take any action, there are procedures in place to ensure affected customers are allocated a new retailer and the provision of water and wastewater services to the premises of customers will not be affected during this time.”

Ofwat anticipates that around 74 business retail water market customers will be affected by the retailer going into administration.

Senior Director of Customers and Casework Emma Kelso, said “Aquaflow customers should be reassured that we have procedures in place to ensure there will be no disruption to your water and wastewater services.”

“We are working alongside Market Operator MOSL to allocate customers to a new retailer as quickly as possible. They will contact affected customers shortly after being appointed.”

“Of course, it is always difficult to see a company fail, but this is the market in action. Not all retailers will thrive and it is possible that, in the future, others will leave the market too.”

As the market structures evolve, we will continue to make sure that customers are protected and continue to benefit from competition.”