While the company believes it has enough cash to survive for about 15 months, insiders and investors fear it must move quickly to strike a deal with its watchdog to stave off insolvency.
The UK's largest water monopoly must present a new turnaround strategy and business plan before 23 May Ofwat's final board meeting before it issues a verdict on how much water companies will be allowed to charge consumers.
Thames, which has 16 million customers across London and the Thames valley, has been thrown into crisis after its shareholders pulled the plug on a plan to inject £500m into the business, amid a deepening battle with the watchdog.
This has forced Thames's holding company, Kemble Water Finance, to admit it will not be able to repay a £190m loan due by the end of April.
この記事は The Guardian の April 15, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
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この記事は The Guardian の April 15, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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