Thames, debt and water sector finance - Ofwat

Jul 24, 2023 · Thames has reserves of around £4.4bn, so it is a liquid business (excuse the pun), but it needs to develop and execute a turnaround plan. While Thames has been the centre of …

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Thames, Debt And Water Sector Finance - Ofwat

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Jul 24, 2023 · Thames has reserves of around £4.4bn, so it is a liquid business (excuse the pun), but it needs to develop and execute a turnaround plan. While Thames has been the centre of …

ofwat.gov.uk

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Uncomfortable Truth Is That Thames Water's Fate May Be Out

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Sep 27, 2024 · Ofwat's target for water companies is around 60%, implying £4bn of the total £16bn debt pile needs to go. Thames Water says it is working closely with the creditors, …

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Thames Water Has ‘secure And Committed’ Funding, Government …

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Jun 29, 2023 · Thames Water’s troubles has put the water sector’s £60 billion combined debt pile under the spotlight. ... Ofwat said. Late last year, the watchdog flagged four other firms it said …

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Thames Water Warns It Will Run Out Of Cash In 11 Months

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Jul 9, 2024 · Britain’s biggest water firm, which is creaking under a debt pile of more than £15 billion, said on Tuesday that it had £1.8 billion of cash reserves at the end of June, a fall from …

standard.co.uk

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Thames Water Seeks 52% Hike To Bills By 2030 As Industry Criticises ...

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Aug 28, 2024 · The company, which has a debt pile above £15bn, said it had submitted its response to Ofwat's draft determination, It described Ofwat's proposed cap as "not tenable", …

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Thames Water Debt Rises As Boss Hails Solid Progress On …

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Dec 10, 2024 · Thames Water debt hits £15.8bn but boss hails turnaround progress The crisis-hit utility reported a jump in pollution incidents and said a ruling by Ofwat later this month will be …

standard.co.uk

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Struggling Thames Water Fined $23 Million For Breaking Dividend …

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Dec 19, 2024 · British regulator Ofwat said on Thursday it plans to fine Thames Water 18 million pounds ($22.67 million) for breaking dividend payment rules, the first time the watchdog is …

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FAQs about Thames, debt and water sector finance - Ofwat Coupon?

Is Ofwat 'complacent' over the Thames Water affair?

Ofwat has been accused of being "complacent" over the Thames Water affair, which has seen it lose its chief executive and face collapse over its massive debts. The company is fighting for survival and has until early next year to stave off temporary nationalisation. ...

Did Ofwat 'done everything' to prevent Thames Water from getting into financial trouble?

Black was asked by peers if he felt Ofwat had 'done everything' to prevent Thames Water from getting into financial trouble. He said that the regulator has had concerns about Thames's level of debt since October last year and noted that the firm's financial resilience 'wasn't adequate'. ...

Will New Labour stop Thames Water racking up debt?

The water regulator has insisted it was powerless to stop Thames Water racking up mountains of debt due to a 'hands-off approach' under New Labour. ...

Could Thames Water be forced to break up?

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water may be forced to break up, publicly list or reduce its debt mountain under special measures imposed by the regulator Ofwat aimed at avoiding renationalisation of the ailing utility. ...

Will Ofwat ruling be fundamental to Thames Water's Future?

The crisis-hit utility reported a jump in pollution incidents and said a ruling by Ofwat later this month will be fundamental to its future Thames Water today revealed its debt pile had swelled to £15.8 billion after publishing half-year results showing an improved underlying financial performance. ...

Is Thames Water facing a government insolvency?

The industry has faced widespread financial woes, millions in fines for sewage outflows, and creaking infrastructure. The UK's largest water supplier Thames Water risks entering a form of government insolvency known as special administration as its parent company has defaulted on debt payments. ...