May 17, 2024
Can troubled Thames Water avoid collapse?
The troubles surrounding debt-laden Thames Water have come under the spotlight again after a representative of the company's largest shareholder resigned from its board. Thames Water is saddled with huge debts and it may have to be taken over by the government if it runs out of money. The water company that supplies clean water and removes waste for a quarter of the UK is, quite simply, drowning in debt. Macquarie sold to Kemble, which is now the ultimate owner of Thames Water. Regardless of what happens, water supplies to Thames Water's customers will continue as normal.
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