Insolvency Insider UK
Posts
London’s water supplier set to collapse into ‘special administration’ as shareholders refuse to bail out Thames Water

London’s water supplier set to collapse into ‘special administration’ as shareholders refuse to bail out Thames Water

Insolvency Insider
April 02, 2024

Thames Water’s shareholders refused to provide the first £500 million it needs for a turnaround plan to tackle chronic leaks and sewage spills, leaves a yawning hole in the finances of Europe’s largest water and sewage company, prompting calls for the UK government to start special administration proceedings.