Tue, 15 Jul 2025

Tue, 15 Jul 2025 Thames Water 'extremely stressed', warns boss amid huge losses

The company's future remains uncertain as it posts losses of £1.65bn for the year to March.

* Thames Water reported a loss of £1.65bn for the year to March, with its debt pile climbing to £16.8bn.
* The company's boss, Chris Weston, said Thames is "extremely stressed" and will take at least 10 years to turn around.
* Pollution incidents increased by over a third due to significant rainfall and high groundwater levels.
* Thames Water has been fined £122.7m for breaching rules on sewage spills and shareholder payouts.
* The company's future is uncertain, with fears it could collapse into administration following the withdrawal of a £4bn rescue deal from US private equity firm KKR.
* Thames Water has paused bonuses for some senior executives that could have led to them getting £1m on top of their annual salaries.
* The company will invest record amounts in its waste network over the next five years to reduce pollution and discharges.
* Critics argue that Thames' owners took billions out of the company instead of investing in modernising pipes and treatment works.
* The regulator, Ofwat, has confirmed that fines for Thames Water's poor performance will be paid by the company and its investors, not customers.
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