as lse pnn industry water and waste founded 1989 headquarters exeter devon uk key people sir john parker chairman susan jane davy group director of finance christopher loughlin chief executive ian james mcaulay chief executive revenue 1 357.2 million 2015 1 operating income 246.6 million 2015 1 net income 142.3 million 2015 1 number of employees 4 500 website pennon group.co.uk pennon group plc is a british water utility and waste management company based in exeter devon in the united kingdom . the company is listed on the london stock exchange and is a constituent of the ftse 250 index . 83 % of the company s profits come from its subsidiary south west water . contents 1 history 2 operations 3 references 4 external links history edit the company was founded in 1989 as south west water plc at the time of the privatisation of the water industry in england . 2 in 1993 it acquired haul waste and in 1995 it bought blue circle waste management . 2 it changed its name to pennon group plc in 1998 . 2 by 2016 the company employed approximately 4 500 people and provided water and sewerage to 1.7 million customers in south west england . 3 the company successfully saw off a takeover bid from terra firma in 2004 . 4 it acquired thames waste management in 2004 5 wyvern waste in 2006 6 grosvenor waste management 7 and skipaway holdings in 2007 8 and shore recycling in 2008 . 9 in 2016 the group acquired bournemouth water in a deal worth 100 million 3 integrating the company with south west water but keeping the bournemouth water name . 10 operations edit the company s main asset is south west water which supplies water and sewerage services in cornwall devon and parts of dorset and somerset . 11 south west water covers 83 % of the group s profits . 12 it also owns viridor a waste management business 13 which includes 241 sites including 24 landfills . 14 in 2016 the company announced that they would be closing some of their recycling sites as part of a 9 million cost saving exercise 15 which would lead to 5 % job losses . 16 references edit a b c annual report 2015 . pennon group . retrieved 7 september 2015 . a b c group history pennon group plc . www.pennon group.co.uk . retrieved 16 august 2016 . a b vergnault o. 21 january 2016 . pennon group acquires bournemouth water in 100m deal . western morning news . retrieved 16 august 2016 . terra firma gives up in battle for british waste . the independent . retrieved 1 april 2015 . viridor buys thames waste and expands landfill capacity . letsrecycle.org . retrieved 1 april 2015 . pennon s viridor waste management buys wyvern waste services for 25 mln stg finanznachrichten 15 may 2006 viridor buys grosvenor waste management for 81m let s recycle 5 december 2007 pennon group s viridor acquires uk waste management company for 14.7 mln stg pennon pnn . advfn.com . retrieved 1 april 2015 . bbc news uk england devon pennon buys recycle firm for 23m . bbc.co.uk . retrieved 1 april 2015 . meldrum neil 12 january 2016 . jobs at risk at bournemouth water after 100 takeover . bournemouth echo . retrieved 16 august 2016 . pennon group south west water gollan paul j. 2005 . voice and non union workplace . bradford england emerald group pub . p. 244 . isbn 9781845441265 . retrieved 16 august 2016 . viridor . pennon group.co.uk . retrieved 1 april 2015 . hanna nick 2011 . investing in waste & energy resources a concise guide to the technologies and companies for investors . harriman house limited . isbn 9780857190789 . staff departures as viridor consolidates recycling sites . resource . 8 april 2016 . retrieved 16 august 2016 . viridor shedding 5 % of workforce nationwide ceo ian mcauley buys almost 10 000 shares . somerset county gazette . 18 february 2016 . retrieved 16 august 2016 . external links edit pennon group yahoo profile v t e ftse 100 ftse 250 companies of the united kingdom 3i infrastructure aa aberdeen asset management aberforth smaller companies trust acacia mining aggreko aldermore group alliance trust allied minds amec foster wheeler ao world ascential ashmore group assura atkins auto trader group aveva balfour beatty bankers investment trust barr a.g. bba aviation beazley group bellway berendsen berkeley group holdings bank of georgia bh macro big yellow group b & m european retail value bodycote booker group bovis homes group brewin dolphin holdings british empire trust britvic brown n. btg plc cairn energy caledonia investments capital & counties properties card factory carillion centamin cineworld city of london investment trust clarkson close brothers group cls holdings cmc markets cobham computacenter countryside properties countrywide cranswick crest nicholson cybg daejan holdings dairy crest debenhams dechra pharmaceuticals derwent london dfs dignity diploma domino s pizza drax group dunelm group edinburgh investment trust electra private equity electrocomponents elementis entertainment one essentra esure euromoney institutional investor evraz f & c 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investment trust scottish mortgage investment trust segro senior serco shaftesbury shawbrook bank sig plc smith ds smurfit kappa group softcat sophos spectris spirax sarco engineering spire healthcare sports direct ssp group stagecoach group st. modwen properties supergroup svg capital synthomer talktalk group tate & lyle ted baker telecom plus temple bar investment trust templeton emerging markets investment trust thomas cook group tritax big box reit tr property investment trust tullett prebon tullow oil ubm udg healthcare uk commercial property trust ultra electronics holdings unite group vectura group vedanta resources vesuvius victrex virgin money weir group wetherspoon j d w h smith william hill witan investment trust wizz air woodford patient capital trust wood group workspace group worldwide healthcare trust zoopla retrieved from https en.wikipedia.org w index.php title pennon group & oldid 734888474 categories water companies of englandcompanies listed on the london stock exchangecompanies established in 1989companies based in exeter navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 17 august 2016 at 09 38 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia 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