News

Thames Water May Run Out of Money By April, Group Auditor Warns - Bloomberg

Bloomberg · last updated

Thames Water May Run Out of Money By April, Group Auditor Warns - Bloomberg

Thames Water May Run Out of Money By April, Group Auditor Warns

- The debt-laden water utility is regarded as too big to fail
- Company provides water to millions of London households

Thames Water’s parent company may run out of money by April if shareholders don’t inject more equity into the debt-laden utility, its auditors have warned.

PricewaterhouseCoopers said there’s “material uncertainty” about whether the group can continue as a going concern because there are no firm arrangements in place to refinance a £190 million ($241 million) loan in one its the subsidiary companies.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

Up Next

Thames Water May Run Out of Money By April, Group Auditor Warns

View full article

Related Knowledge Center: Climate: water resources

State of Play

Extreme weather and prolonged drought in some regions are affecting electricity generation — notably hydroelectric and nuclear power.

More information

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up