Our Company
Icosa Water is a statutory water and sewerage undertaker licensed by Ofwat to operate across England and Wales. We operate under the New Appointment & Variation (NAV) process, from the Water Industry Act 1991, and are able to provide water and sewerage services in a heavily regulated market. Icosa Water is part of Last Mile who also provide ground source heat, electricity and gas networks to new developments. Last Mile is backed by specialist investors Infracapital and Macquarie Asset Management who are committed to helping us realise our growth ambitions.
Icosa provides domestic homes and commercial premises with water and/or wastewater services. We compete with incumbents to provide the traditional water and wastewater services in the growing competitive water asset sector. We compete on a site by site basis to provide these services by focusing on high levels of customer service, value and delivering what we say we will.
Our charges for our customers match the relevant incumbent tariffs and our levels of service matches or exceeds best in country.
Working with our customers and developers, we are able to serve a site at a lower cost, facilitate solutions, innovate and encourage leading customer services.
Our Licence
We operate as a NAV (new appointment & variation) which involves one statutory company replacing another as the water and /or wastewater appointee for a specific geographic area.
Our Services
We provide water and/or wastewater services to homes and commercial premises connected to our network.
Potable water – potable water networks including service connections and metering, installed and adopted – on time.
Wastewater – the advantage our package provides over traditional monopoly incumbents is our flexibility and that we want to adopt and control you wastewater networks delivery.
SuDs & drainage – we adopt all SuDs and drainage facilities on site and manage them with our onsite integrated water team.
Our Investors
Icosa is part of the Last Mile group of companies. Our investors – Infracapital and Macquarie Asset Management – are committed to helping realise our long-term growth ambitions.
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately £474.0 billion in assets, we provide a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset.
Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,600 people in 34 markets and is listed on the Australian Securities Exchange.
All figures as at 30 September 2024.
About Infracapital
Infracapital invests in, builds and manages a diverse range of essential infrastructure to meet the changing needs of society and support long-term economic growth. We take an active role in all of our investments, whether nascent or large, to fulfil their potential and ensure they are adaptable and resilient. Our approach creates value for our investors, as we target investments with the scope for stable and sustainable growth. Our portfolio companies work closely with the communities where they are based, to the benefit of all stakeholders. Infracapital is well-positioned to deliver the significant investment required to help build the future. The founder-led team of experienced specialists has worked with more than 50 companies around Europe and has raised client capital across six funds to date.
Infracapital is part of M&G Plc, a leading European savings and investments business. M&G manages the long-term savings of more than 5 million people and is a major investor in the UK and in the global economy.
Our company details
Registered office:
Sophia House, 28 Cathedral Road, Cardiff, CF11 9LJ
