Waterlevel is the private holding company behind both Albion Water Limited and Albion Eco Limited. Both Albion Water and Albion Eco are regulated companies providing water and sewerage services under Ofwat’s ‘NAV’ competition provisions.

In 2016 Waterlevel invited Wessex Water to participate in the English business of Albion Water in order to grow its portfolio of NAV developments, currently including Knowle Village Hampshire, Upper Rissington Gloucestershire and Five Oaks Chigwell.

Waterlevel’s fully owned subsidiary, Albion Eco, remains the vehicle used to provide NAV services in Wales, currently limited to the first and most established inset in the UK (UPM, Shotton Paper).