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As a result, it dropped Thames Water’s credit rating from Baa3 – an investment grade rating which makes it easier to access funding – to Ba2, a “junk” rating status.
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.
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.
The crisis engulfing Thames Water, which serves 15 million customers in London and the south-east, comes amid renewed focus on the industry which over the last year has been condemned for sewage ...
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.
Hampton Water Treatment Works buildings alongside the A308. Hampton Water Treatment Works are water treatment works located on the River Thames in Hampton, London.Built in the second half of the 19th Century to supply London with fresh water, the Waterworks was in the past a significant local employer, and its brick pumphouses dominate the local landscape. [1]
London's water supply infrastructure has developed over the centuries in line with the expansion of London. Beginning in the 16th century, private companies supplied fresh water to parts of London from wells, the River Thames and the River Lea. Further demand prompted new sources, particularly when the Agricultural and Industrial Revolution ...
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.