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A new report has said Thames Water is in worse financial straits than already thought
Thames is the first to have done so, while six others have said they will not appeal: Severn Trent, United Utilities, Pennon plus Dwr Cymru Welsh Water, SES and Hafren. Thames Water seeks court ...
Thames Water is trying to secure £3bn in emergency funding to protect against imminent collapse, a plan which London’s High Court will decide on in Febrary. The company is also looking to find ...
In 1989 the Thames Water Authority was partly privatised, under the provisions of the Water Act 1989 [3] with the water and sewage responsibilities transferring to the newly established publicly quoted company of Thames Water, and the regulatory, land drainage and navigation responsibilities transferring to the newly created National Rivers Authority which later became the Environment Agency.
Thames Water also removes, treats and disposes of 4.6 billion litres (1,000 million imperial gallons) of wastewater per day from 15.5 million customers (6 million properties) using 5,123 sewage pumping stations through 109,292 km (67,911 mi) of managed sewerage mains to 353 sewage treatment works across an area of 13,000 km 2 (5,000 sq mi) of ...
In March 2003 Thames Water identified that by 2005 there would be a deficit in water treatment and supply capacity in North London. To address this deficit a new water treatment facility was constructed on 1.5 ha site adjacent to the William Girling reservoir and the A110 road ( 51°38′11″N 0°00′57″W / 51.63629°N 0.01582°W ...
Thames Water will seek approval for an emergency cash lifeline in court on Monday as it faces running out of money in four weeks' time. Lenders to the debt-saddled company are offering up to £3bn ...
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. [34] While Macquarie, once called a "vampire kangaroo" by the UK press, [35] pulled out of Thames Water, in August 2021, it bought a majority stake in Southern Water.