Thames Water has revealed it is nearly £17 billion in debt less than 24 hours after announcing a hosepipe ban that will affect 1.1 million Brits. The under-fire water firm revealed on Tuesday morning it has slumped to a £1.65 billion annual pre-tax loss from profits of £157 million the previous year.It comes after Thames Water booked a £1.27 billion bad debt provision on intercompany loans and set aside £122 million for fines from Ofwat, among other costs. Its full year results showed its net debts swelled by another £1.65 billion over th...
2025-07-15 08:30:16
By PerFlyer2 Views
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