economy London, United Kingdom
Thames Water seeks additional funding to avoid running out of cash
2.4BGBP
Additional funding requested by Thames Water
Thames Water has asked creditors for additional funding, saying it could run out of cash by the end of 2026 or start of 2027 without further support. The company says the requested money would extend its liquidity into autumn 2027.
1 sourceThe GuardianUpdated
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- 2.4BGBP
Additional funding requested by Thames Water
“asked its creditors for another £2.4bn”
AllegedThames Water said it could run out of cash by the end of 2026 or the start of 2027 without additional support
“it would be unable to reach a longer-term deal ... before running out of cash by “the end of 2026 or the start of 2027””
- 20BGBP
Thames Water’s debt pile
“a debt pile that is now about £20bn”