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Ofwat today revoked Aquavitae (UK) Limited's water supply licence. This action follows a seven-day period where Aquavitae had the opportunity to provide Ofwat with compelling reasons why its water supply licence should not be withdrawn. The company raised no objections. The decision has been taken because the company is in administration. It is important that a water supply licensee should have the financial resources to carry out the activities authorised under its licence. Aquavitae did not have any water supply licence customers, and all the company's activities have been outside the regulated water supply licensing (WSL) regime. However, Ofwat has acted swiftly to protect potential new customers. Notes to Editors: 1.The Water Services Regulation Authority (Ofwat) is the economic regulator of water and sewerage companies in England and Wales. It exercises its powers in a way that it judges will protect the interests of consumers, promote value and safeguard future water and sewerage services by allowing efficient companies to carry out their functions properly, and finance them. 2.The notice revoking Aquavitae (UK) Limited's water supply licence is available on the Ofwat website, www.ofwat.gov.uk. 3.Media enquiries to Ofwat Press Office on: 0121 625 1442/1496/1416.  | ||||||
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