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Ministers call in advisers amid Thames Water fears

The Guardian

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August 13, 2025

Ministers have appointed insolvency advisers to make contingency plans for the potential collapse of the debt-ridden Thames Water.

- Helena Horton

Ministers call in advisers amid Thames Water fears

The company, which supplies 16 million customers, has been racing to pull together a deal to avoid financial collapse.

Steve Reed, the environment secretary, has signed off the appointment of FTI Consulting to advise on plans for Thames Water to be placed into a special administration regime (SAR).

The appointment indicates that FTI is the frontrunner to act as administrator if the government enacted an SAR, although a court would ultimately approve such a step.

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