Modern Water has spent more than £20 million over the past decade developing technologies that help supply fresh water and both treat and recycle waste water. A membranes division houses its Forward Osmosis (FO) platform for seawater desalination, while its monitoring business makes instruments to analyse and monitor contaminants in water, soil and food.

Alongside final results in March we heard that nothing had changed with the Gibraltar contract, although “given the region’s current challenge following the Brexit vote, uncertainty remains over potential timescales”.