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 to the company’s facility, the latest in a series of creditor approvals tied to its emergency funding arrangements.

Where the facility stands

The £200 million sits within a super senior liquidity facility under which Thames Water had drawn £1.837 billion of £2.25 billion available as of the request’s launch. The arrangement has been topped up repeatedly through 2026: a ninth request in April allowed a £205 million draw, and a tenth in May unlocked £413 million. Each approval buys the company time while it pursues a longer-term recapitalisation.

Still under pressure

Thames Water serves around 15.5 million customers across London and the South East, and remains under intense scrutiny from regulators, investors and government as it works toward a sustainable financial footing. The company has reiterated that it continues to work with stakeholders to secure a market-led solution. The repeated consent requests highlight how tight its liquidity position remains: the facility funds day-to-day operations while the larger restructuring, including a second restructuring plan, is negotiated.