UK
Ireland
Regulatory and competition finance
S&W’s economists and regulatory accounts experts help organisations and regulators to navigate competition and regulatory finance. We provide insight into profitability assessments, regulatory financial statements and cost modelling. Our team combines rigorous financial analysis with sector expertise to support informed decision-making and defensible outcomes.
Offering independent, evidence-based financial analysis and sector expertise, we work where economics, accounting and corporate strategy intersect. Our work is technically robust, commercially grounded and defensible before regulators, tribunals and courts. S&W experts have advised economic regulators, including Ofwat, Ofgem, PSR, FCA, Ofcom and the CAA, as well as leading businesses, including BT, Vodafone, National Grid, Heathrow Airport and the UK’s water companies.
Experienced advice for commercial realities
The economics team provides independent, evidence-based financial and economic analysis to support regulatory submissions, investigations, litigation and strategic decision-making.
We work with regulated companies, competition authorities, government departments and legal advisers, advising across regulatory accounting, the cost of capital, regulated asset base (RAB) modelling, profitability assessments and financial compliance. We support clients with price control settlements, assess excess profits allegations, respond to regulatory investigations and design cost allocation methodologies.
Our experts bring experience across the financial services, payments, transport, water, post, telecoms, digital and healthcare sectors. They help clients interpret regulatory requirements, design effective governance and control frameworks, prepare regulatory documentation, and respond to enforcement enquiries – all with a view to embedding sustainable compliance that supports business objectives.
S&W’s Regulatory and Competition Finance Services
Regulatory costing
Our work supports regulatory accounting, price controls, profitability assessments and financial reporting. We develop and review cost models under standards including fully allocated costs (FAC), long-run incremental costs (LRIC) and marginal cost. By incorporating RAB estimation and cost of capital assessment, we ensure financially sustainable, transparent regulatory outcomes.
Price control and financial modelling
We support the development of price control models, including by providing independent analysis of revenue allowances, expenditure forecasts and price control proposals that support regulatory engagement, settlements and decision-making.
Financial regulatory reporting
We can prepare, review and optimise regulatory financial reports to ensure accuracy, timeliness and compliance. We also advise regulators drafting accounting guidelines and methodologies to ensure clarity and consistency.
Cost of capital and financeability
Our independent assessment of the appropriate cost of capital and financeability under regulatory regimes informs price decisions, RAB calculations and investment planning.
Efficiency analysis and benchmarking
Evaluating operational and financial efficiency using econometric, mathematical and statistical techniques, we help organisations identify opportunities for improvement.
Governance, risk and control frameworks
Our design and assessment of governance, risk management and internal control systems enables organisations to meet regulatory expectations and reduce operational risk.
Regulatory change management
We maintain compliance continuity by helping clients interpret, plan for and implement changes arising from evolving regulatory landscapes.
Regulatory submissions and stakeholder engagement
S&W experts prepare evidence-based submissions, consultation responses and engagement with regulators on key financial and compliance issues.
Training and competence development
We provide tailored training and capability building to equip teams with the knowledge and tools they need to manage regulatory finance and compliance obligations.
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