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Ministers call in advisers amid Thames Water fears
The Guardian
|August 13, 2025
Ministers have appointed insolvency advisers to make contingency plans for the potential collapse of the debt-ridden Thames Water.
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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