25 Jun 2026
Photo description: Person in a long-sleeved orange blazer signing papers. Photo by Romain Dancre on Unsplash Thames Water has secured creditor approval for its eleventh consent request, allowing the company to draw a further £200 million in funding during June. The approval extends a key funding condition to 30 June 2026 and makes ancillary amendments […]
02 Apr 2026
Image description: A person wearing black signing a document, with papers spread across a table, Photo by Dimitri Karastelev on Unsplash A fine-free window in exchange for investment commitments Thames Water is reported to be close to an agreement with Ofwat that would shield the company from new fines for four years, provided it […]
20 Nov 2025
Image description: Aerial photo of a water treatment works. Photo by Bob Brewer on Unsplash Castle Water, a bidder for Thames Water, has said it would inject at least an extra £1bn above current rival proposals into the debt-laded utility company. Thames Water, which has 16 million customers, has been at the centre of […]
27 Jan 2025
Ofwat has published an Analysis of household customer debt. The report This document outlines key statistics on debt for household customers in England and Wales. The regulator is aiming to increase transparency for customers and wider stakeholders, and to enable companies to manage customer debt more effectively. It follows work by Ofwat and the sector to improve definitions […]
10 Jul 2024
Thames Water’s annual results have raised some eyebrows this week, as they suggest the company only has sufficient funding to operate until May 2025. The results have raised fears over its potential collapse, unless investors provide additional funds. In light of concerns about Thames, Ofwat has published an Information note on Thames Water’s draft determination. […]
01 May 2024
Bloomberg reports that the Thames Water Crisis Risks £100 Billion UK Investment Plan, and that creditors warn Thames writedowns will push up borrowing costs. The debt crisis at Thames Water is jeopardizing £100 billion ($125 billion) of potential investment required over the next five years to mend Britain’s crumbling utilities infrastructure. Water companies have promised […]
24 Apr 2024
Thames Water has announced that is it updating its recently submitted PR24 business plan, seeking an additional £1.1 billion increase in AMP8 total expenditure to £19.8 billion. It has also proposed that a further £1.9 billion of potential investment is placed into a “Deliverability Assessment Mechanism”. This would increase annual average customer bills by a […]
10 Apr 2024
Interesting think piece from The Mint Magazine, covering water industry performance since privatisation, levels of debt and investment, and options for reforming the sector under a new government. The case for renationalisation Another article from Labour Peer Prem Sikka and published in Left Foot Forward argues the case for renationalisation Let Thames Water go bust: […]
