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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Revealed: Yorkshire Water boss was paid extra £1.3m via offshore parent firm

Yorkshire Water Nicola Shaw Yorkshire
Nicola Shaw
Nicola Shaw received remuneration from Kelda Holdings as well as Yorkshire Water. Photograph: Graham Turner/The Guardian

The boss of Yorkshire Water, one of Britain’s biggest water suppliers, has received £1.3m in previously undisclosed extra pay since 2023 via an offshore parent company, the Guardian can reveal.

Nicola Shaw received £660,000 from Yorkshire Water’s Jersey-registered parent company, Kelda Holdings, in the 2023-24 and the 2024-25 financial years. The size of the fees was not disclosed in the annual report of the regulated subsidiary, Yorkshire Water Services.

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