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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 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 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.
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.
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 ...
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.
Fountain in Trafalgar Square. 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 ...
Thames Water put out a list of areas impacted by the low water or no water pressure – these are: South London , including Lambeth, Brixton and more: SW4, SW8, SW9, SW13, SW14, SW15, SW18, SW19