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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 ...
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 ...
The utility, which is England’s biggest water company with about 16 million customers, is in about £16 billion of debt and needs £3.3bn over the next five years to keep running.
The company has been criticised for paying substantial dividends to shareholders while simultaneously taking out loans, accumulating £14 billion in debts. In June 2023, Thames Water was reported to be close to financial collapse. In April 2024, the UK Government was reported to be considering plans to renationalise the company.
Contingency plans reportedly being considered in event Thames Water is ... of England’s largest water supplier amid fears of a multi-billion taxpayer bailout. ... decades over $588 debt is ...
Thames Water saw a 40% increase in pollution incidents in the first half as its debts continued to spiral. ... Debt levels were £15.8 billion at the end of the period, before the company agreed a ...
Ofwat revealed that Thames Water – more than £16 billion in debt and in the throes of trying to secure £3 billion in emergency funding – was planning to use customer cash to pay £770,000 in ...
A new report has said Thames Water is in worse financial straits than already thought