hadServing nearly 25% of the nation’s population, the largest water utility in the nation previously declared that it has £2.4 billion in liquidity as of the end of March.
By the end of June, the amount had dropped to £1.8 billion, the business announced on Tuesday.
Low on funds Due to a financial dispute with the industry regulator, Thames Water’s current owners withdrew their pledged investment of £500 million, and the company has been having difficulty raising new capital from them.
,Regarding the conflict, the ts annual results statement stated: “The board has concluded that although it is possible that equity will be received by 31 March 2025, this should no longer be assumed for financial covenant forecast calculation purposes.”
hadIt further stated that because it was failing some compliance checks, it was now obligated to produce a “remedial plan” for its lenders, which would make it more difficult for it to carry out routine tasks like taking on debt and making payments.
