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Thames Water said profit increased to £75.4 million for the year ending March 31, up on a £30 million loss the year before. Revenue increased 11% to £2.5 billion.
Thames Water Utilities Ltd, trading as Thames Water, is a British private utility company responsible for the water supply and waste water treatment in most of Greater London, Luton, the Thames Valley, Surrey, Gloucestershire, north Wiltshire, far west Kent, and some other parts of England; like other water companies, it has a monopoly in the regions it serves.
In its turnaround plan published in October, Thames Water, which is saddled with £14 billion ($17.7 million) in debt, proposed to jack up the average annual customer bill by 40% by 2030.
The government is scrambling to put together a plan to rescue Thames Water over increasing fears the company is set to go bust.. The utility giant is struggling under a £14 billion debt pile it ...
Debts in Thames Water had gone from £3.2bn to £10.5bn by the time Macquarie had sold its stake, whilst paying out £2.8bn in dividends to shareholders during their time in control. [35] While Macquarie, once called a "vampire kangaroo" by the UK press, [36] pulled out of Thames Water, in August 2021, it bought a majority stake in Southern Water.
Water supply and sanitation in the United Kingdom is provided by a number of water and sewerage companies.Twelve companies and organisations provide drainage and sewerage services, each over a wide area, to the whole United Kingdom; and supply water to most customers in their areas of operation.
Thames Water, which has a £14 billion ($17.9 billion) debt pile, anticipates that an extra £2.5 billion ($3.2 billion) of equity funding will be needed in the five years to 2030 to help it ...
1983–present. Spouse. Elizabeth Anderson. Ian Derek Marchant (born 9 February 1961) is an English accountant and businessman. He was the Chief executive officer of Scottish and Southern Energy from 2002 to June 2013, and was chairman of Thames Water from 2018 to July 2023. Since 2023 he has held various positions at Morgan Advanced Materials.