Why is Thames Water in so much trouble? - BBC

Thames Water has said its bills need to rise by 59% between 2025 and 2030 or else the business will not be able to recover from its financial crisis. The UK's largest water company demanded …

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Why Is Thames Water In So Much Trouble? - BBC

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Thames Water has said its bills need to rise by 59% between 2025 and 2030 or else the business will not be able to recover from its financial crisis. The UK's largest water company demanded …

bbc.com

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Thames Water Needs 'substantial Sums', Whole Sector Took On Too …

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Jul 4, 2023 · Thames Water is fighting to secure more equity as it struggles under the weight of its 14 billion pound ($18 billion)debt pile, casting a shadow over the whole sector in Britain which …

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Thames Water’s Emergency Loan Could Cost £800mn In Interest …

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Nov 17, 2024 · Thames Water could incur more than £800mn in interest and other costs on its planned £3bn emergency loan that analysts warn will hit customers by depleting cash for key …

ft.com

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Thames Water Makes Bid To Lift Bills By Up To 44% - BBC News

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Apr 22, 2024 · Analysts say Thames Water's current debt amounts to about 80% of the value of the business, making it the most heavily indebted of England and Wales' water companies.

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Thames Water Debt Hits £15.8bn But Boss Hails Turnaround Progress

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Dec 10, 2024 · Thames Water today revealed its debt pile had swelled to £15.8 billion after publishing half-year results showing an improved underlying financial performance. ... Some …

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Why Thames Water Is Under Growing Strain - Financial Times

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Jun 29, 2023 · Cost of utility’s £16bn debt has surpassed price increases it has been able to pass on to consumers ... Thames Water is facing a multitude of challenges aside from its large debt …

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Thames Water Creditors Head For Courtroom Showdown Over £3bn …

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Dec 12, 2024 · A hearing is scheduled in London’s High Court next week, when Thames Water will begin to seek formal court approval for the loan, which comes at a 9.75 per cent interest …

ft.com

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Thames Water Fined For ‘unjustified’ Dividends - But Bills To Rise 35pc

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Dec 19, 2024 · Ofwat has announced that average water bills will rise by £31 a year as suppliers scramble for cash to cover their rising debt piles and invest in fixing sewage spills, writes Alex …

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How Thames Water's Demands For Higher Bills Took It To The Brink

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Mar 29, 2024 · When Macquarie bought Thames in 2005 from Germany’s RWE, the water company’s net debt stood at just £2.4bn. But by the time Macquarie offloaded Thames to its …

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Thames Water’s Debt Pile Swells: The London Rush - Bloomberg.com

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Dec 5, 2023 · Thames Water is causing a few waves after revealing that its debt pile swelled by 7% in the first half of the year to a staggering £14. ... Newsletters Explainers The Big Take …

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Britain's Thames Water Seeks Debt Lifeline Approval In High Court

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Dec 17, 2024 · Britain's Thames Water started trying to convince a London court on Tuesday to approve a 3 billion pound ($3.8 billion) lifeline, one of several hurdles it must clear to avoid …

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Thames Tries To Buy Time With £3 Billion Creditor Cash Raise

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Oct 25, 2024 · (Bloomberg) -- Thames Water Utilities Ltd. unveiled a plan Friday seeking to raise up to £3 billion ($3.9 billion) from some of its creditors as it struggles to stave off insolvency …

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FAQs about Why is Thames Water in so much trouble? - BBC Coupon?

What happened to Thames Water?

Thames Water has seen its troubles deepen after its parent company defaulted on part of its huge debt pile. Kemble Water has formally told lenders it failed to meet a deadline to pay interest on £400m of debt due on Tuesday. The water giant has also asked lenders not to take any action as it explores its options. ...

How much debt does Thames Water have?

A large proportion of that was added when Macquarie, an Australian infrastructure bank, owned Thames Water, reaching over £10bn when the company was sold in 2017. Analysts say Thames Water's current debt amounts to about 80% of the value of the business, making it the most heavily indebted of England and Wales' water companies. ...

Why did Thames's debt grow so much?

It blamed an especially wet spring and summer. Thames said its debt pile grew to £15.8 billion ($20.2 billion) in the six months to October, as it warned it may not be able to continue operating without a cash injection. The UK’s largest water and sewerage supplier said net debt increased from £14.7 billion at the end of March. ...

Could Thames Water be taken over by the government?

The heavily indebted water firm aims to spend at least £1.1bn more on environmental measures. Regulator Ofwat had dismissed the company's original proposal, leading to questions over the firm's future. Thames's huge debts have led to speculation it could be taken over by the government. ...

Is Thames Water a model of debt growth?

Our research shows that Thames Water was the archetype of this model. When it was taken over in 2007 by a consortium led by Macquarie, an Australian investment bank, debts increased over the next ten years from £3.2 billion to £10.7 billion. ...

Will Thames Water's 16 million customers be affected?

Thames Water's 16 million customers will not be affected. This notification confirms an announcement on 28 March that Kemble would be unable to repay its lenders as interest and principal payments - including a loan repayment of £190m due at the end of April - come up. ...