Wed, 03 Dec 2025

Wed, 03 Dec 2025 Water bill rises push troubled Thames back into profit

As it stands, Thames Water has sufficient cash to make it to the first quarter of next year.

* Thames Water's debt has reached nearly £20bn, with £1.19bn of a £1.5bn emergency cash injection already drawn down
* The company will run out of funds early next year unless it secures a rescue deal
* A proposed restructuring plan from its lenders would see them write off 25% of their debts and invest in the company in return for more lenient performance targets
* The plan has been criticized for being too lenient on fines for pollution and spillage
* Thames Water serves 16 million customers across London and southern England, mostly, and employs 8,000 people
* Customer complaints have nearly doubled since last year, with the majority concerning bill hikes
* The company hiked its bills by 40% in April, funded by other customers' bills
* A rescue deal is crucial to prevent Thames Water from collapsing into government-supervised administration
* The government has already selected administrators to step in if necessary.
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