According to news reports, a syndicate of financiers who are owed money by Kemble Water, the company in charge of overseeing Thames’s regulated activities, has called in the Big Four accounting firm as concerns about the company’s future grow.
Executives at the company told MPs in December that it was “not currently” able to return the funds for a £190 million facility, which has an end-of-April deadline for repayment or extension.
On Friday, it remained unclear how conversations with the pertinent lenders were going in terms of a satisfactory resolution.
