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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950144-04-003354.txt : 20040331
<SEC-HEADER>0000950144-04-003354.hdr.sgml : 20040331
<ACCEPTANCE-DATETIME>20040331143938
ACCESSION NUMBER:		0000950144-04-003354
CONFORMED SUBMISSION TYPE:	NT 10-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040331
EFFECTIVENESS DATE:		20040331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOLIDATED WATER CO LTD
		CENTRAL INDEX KEY:			0000928340
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25248
		FILM NUMBER:		04705448

	BUSINESS ADDRESS:	
		STREET 1:		TRAFALGAR PL
		STREET 2:		WEST BAY RD
		CITY:			GRAND CAYMAN BWI CAY
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		8099474277

	MAIL ADDRESS:	
		STREET 1:		TRAFALGAR PLACE, WEST BAY ROAD, P.O. BOX
		STREET 2:		GRAND CAYMAN, CAYMAN ISLANDS, BWI

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAYMAN WATER CO LTD
		DATE OF NAME CHANGE:	19941212
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-K
<SEQUENCE>1
<FILENAME>g88198ntnt10vk.txt
<DESCRIPTION>CONSOLIDATED WATER CO. LTD.
<TEXT>
<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12B-25

                                                                    SEC File No.
                                                                    ------------
                                                                     001-11454
                                                                    ------------

                           NOTIFICATION OF LATE FILING

(CHECK ONE): [X] Form 10-K  [ ] Form 20-F  [ ] Form 11-K
             [ ] Form 10-Q  [ ] Form N-SAR

For Period Ended:  DECEMBER 31, 2003
                  ------------------

[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended: ___________________

================================================================================
    NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
                   VERIFIED ANY INFORMATION CONTAINED HEREIN.
================================================================================

If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates:

THE ENTIRE FORM 10-K FOR THE PERIOD ENDED DECEMBER 31, 2003
- --------------------------------------------------------------------------------
PART I -- REGISTRANT INFORMATION

CONSOLIDATED WATER CO. LTD.
- --------------------------------------------------------------------------------
Full Name of Registrant

- --------------------------------------------------------------------------------
Former Name if Applicable


P.O. BOX 1114 GT, TRAFALGAR PLACE, WEST BAY ROAD
- --------------------------------------------------------------------------------
Address of Principal Executive Office (STREET AND NUMBER)

City, State and Zip Code:  GRAND CAYMAN, CAYMAN ISLANDS, B.W.I.
- --------------------------------------------------------------------------------
PART II -- RULES 12B-25(B) AND (C)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed.

    [X]     (a) The reasons described in reasonable detail in Part III of this
            form could not be eliminated without unreasonable effort or expense.

    [X]     (b) The subject annual report, semi-annual report, transition report
            on Form 10-K, Form 20-F, Form 11-K or Form N-SAR, or portion
            thereof, will be filed on or before the fifteenth calendar day
            following the prescribed due date; or the subject quarterly report
            of transition report on Form 10-Q, or portion thereof will be filed
            on or before the fifth calendar day following the prescribed due
            date

    [ ] (c) The accountant's statement or other exhibit required by Rule
            12b-25(c) has been attached if applicable.



<PAGE>


PART III -- NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q,
N-SAR, or the transition report portion thereof, could not be filed within the
prescribed time period.

The Company is unable to file its Form 10-K for the year ended December 31, 2003
within the prescribed time period without unreasonable effort and expense.
During 2003, the Company acquired equity and other interests in five companies.
These acquisitions were reported in a Form 8-K filed with the Commission on
February 13, 2003, a Form 8-K/A filed with the Commission on April 25, 2003 and
Forms 10-Q filed with the Commission thereafter. The Company requires additional
time to complete the consolidated financial statements and other disclosures
required to be included its Form 10-K for the period ended December 31, 2003.

PART IV-- OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this
notification


             Frederick W. McTaggart           345             945-4277
             ----------------------           ---             --------
                     (Name)               (Area Code)    (Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If answer is no,
identify report(s). [X] Yes [ ] No

- -------------------------------------------------------------------------------

(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X]Yes [ ] No

In February 2003, the Company completed the acquisition of equity and other
interests in five companies. As a result, the Company's revenues and net income
after expenses are expected to be significantly higher as compared to the
comparable period in the prior year.

- -------------------------------------------------------------------------------

                           CONSOLIDATED WATER CO. LTD.
                           ---------------------------
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date:  March 31, 2004      By: /s/ Frederick W. McTaggart
                               ---------------------------------------------
                               Frederick W. McTaggart, Chief Executive Officer





</TEXT>
</DOCUMENT>
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