Thames Water has £14Billion Debt

[arista]

Ch4HDnews reports.

The Government may have to take it over.

[Thames Water plc was acquired by the
German utility company RWE in 2001.]
But now half is owned by China
reports say

https://en.wikipedia.org/wiki/Thames_Water

https://ichef.bbci.co.uk/news/976/cpsprodpb/13F6C/production/_130227718_thames_water_worker_pa.jpg.webp


[Thames Water is in talks to secure extra funding
as the government says it is ready to act
in a worst case scenario if the company collapses.
The water firm, which serves a quarter of the
UK population, has billions in debt and
is under pressure with its boss resigning
unexpectedly on Tuesday.

The government said "a lot of work is going
on behind the scenes" and it had a process
in place "if necessary".
Regardless of what happens,
water supplies will continue as normal.
Even if the firm were to collapse,
it would not happen imminently,
the BBC understands.]

https://www.bbc.co.uk/news/business-66039170

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/15A7/production/_130234550_i-nc.png.webp

https://ichef.bbci.co.uk/news/976/cpsprodpb/CA83/production/_130234815_times-nc.png.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/14A3F/production/_130234548_metro-nc.png.webp


https://ichef.bbci.co.uk/news/976/cpsprodpb/F193/production/_130234816_guardian-nc.png.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/13BD/production/_130235050_ft-nc.png.webp

[Zizu]

Saw a clip on the news last night where anglers were testing the water for sulphates ( sulfates using today’s spelling) !!!

One guy explained that our rivers and streams were polluted by water treatment companies and they were surrounded by streams with zero aquatic life ….


We are in the NW and surrounded by all manner of waterways , rivers and streams , lodges and lakes .. I haven’t seen as much as a tiny freshwater shrimp in years !!

30 years ago all those places were teaming with minnows , sticklebacks, water shrimps
, water beetles etc

Sad times


Sent from my iPhone using Tapatalk Pro

[Gusto Brunt]

I only pay £17.00 per month with the North East Water Company - NWL.

It's metered of course.

But I had an email a few days ago, saying it could be going up.

[arista]

[The appointment of
Sir Adrian Montague
comes days after
chief executive Sarah Bentley
stood down - temporarily leaving a leadership vacuum
at the company.]

https://news.sky.com/story/industry-veteran-to-chair-thames-water-12911104

[Zizu]

[The appointment of
Sir Adrian Montague
comes days after
chief executive Sarah Bentley
stood down - temporarily leaving a leadership vacuum
at the company.]

https://news.sky.com/story/industry-veteran-to-chair-thames-water-12911104


The name says it all …


Sent from my iPhone using Tapatalk Pro

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-19d28a3b-4dd4-4159-985a-c7ab5a538ca4.jpeg

[arista]

https://pbs.twimg.com/media/Fz5BjX4WABs0DGV?format=jpg&name=900x900

[Crimson Dynamo]

How can a company that gets its raw materials for free not make a profit?

[arista]

How can a company that gets its raw materials for free not make a profit?


Nothing wrong with a Profit.

But fix the leaks.
Wasting all that water.

Update all the pipes
as the old pipes are not able to carry on.
They were meant to be changed 20 years ago.

Build New Reservoirs
to store fresh water

[Crimson Dynamo]

Nothing wrong with a Profit.

But fix the leaks.
Wasting all that water.

Update all the pipes
as the old pipes are not able to carry on.
They were meant to be changed 20 years ago.

Build New Reservoirs
to store fresh water

The last reservoir built in the UK was 1991

[arista]

The Labour Party has said it will not take over
troubled Thames Water

[Livia]

Liquidate the assets of the shareholders.

[arista]

Liquidate the assets of the shareholders.


They (the Conservative Government)
seem to be allowing them
to carry on trading with Mega Debt
£14 Billion Pounds,
the rates on paying that back,
have gone way up.

[arista]

Thames Water
are about to go under

Now in debt of £15Billion

No Money Backers NOW


All Media

[arista]

So far Government
standing back not helping them

Too much debt.

[Cherie]

How does a company let itself get into that kind of debt, when was the last time the shareholders were paid, has the CEO had a big payout....? is their pension scheme safe? Pretty sure Thames was one of the water companies that have to pay back their customer as well.

[Vanessa]

I use Affinity Water.

[bots]

this is a big green light for all water companies to raise their prices. Expect a massive increase next year

[thesheriff443]

The share holders we’re going to put up the money but in return wanted to raise the bills of customers by 40 per cent over four years but the governing body said no

[Cherie]

The share holders we’re going to put up the money but in return wanted to raise the bills of customers by 40 per cent over four years but the governing body said no

That will happen either way I am afraid

[thesheriff443]

That will happen either way I am afraid

Sh1t happens and the older you get it happens more often

To save money I’m offering shared showers :joker:

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-be488b48-8b06-435d-90ad-7523bf1216c5.png

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-996ddc75-c9f2-4e5b-b7b3-52cd17da9835.png

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-23bddfd6-6b19-4284-815e-311300d1cfbe.png

[arista]

Last Nights Newsnight


https://twitter.com/BBCNewsnight/status/1773485082457645499

[arista]

All the investors
will not give cash
to Thames Water.

The Deadline is this Sunday 31st April 2024.

Debated on all TV and Radio news
all day.

Cat Hobbs
has some sensible views
on this tweet:

https://twitter.com/JeremyVineOn5/status/1773665786252378159

[Gusto Brunt]

It seems the biggest wasters and theives in this country will never go to jail and are big winners in the Honours System.

This country stinks to high Heaven.

[arista]

Re Nationalise Thames Water

I am fed up with paying some Rich Buggers money
holiday.

Not fixing the sewer

Billions went to Shareholders
and they left the monster Thames Water,
to go Bankrupt.

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-71da9d7a-6ade-4be6-8f81-970be97ff226.jpeg

[arista]

GMBHD itv
have Nick Dixon reporter
Live in Hove Beach
East Sussex.
He is next to a Dirty Pipe
leading into the sea.

It pumps the sewer out from there
in amounts that do damage.

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/13A86/production/_133081508_ft_page-0001.jpg.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/177DB/production/_133091269_cropftpink_front1_20240406_300-nc.png.webp

[Vanessa]

And yet the fat cats got their massive bonuses :fist:

[Zizu]

And yet the fat cats got their massive bonuses :fist:


There is something seriously wrong / corrupt about this country .


Sent from my iPhone using Tapatalk Pro

[arista]

It's is now 18Billion Debt.

Patching up repairs
has failed.

The Government should take them over
as a temporary measure.

[bots]

they have still got 2 billion in cash, so no one will be taking them over

[Zizu]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-1c08032e-a339-4c9c-943c-458cd4660eb8.png


Oooooohhhh

Double posting Arista !!

Outrageous

LOL


Sent from my iPhone using Tapatalk Pro

[joeysteele]

May I respectfully ask just what has that front page got to do with Thames or any other water company?

[arista]

May I respectfully ask just what has that front page got to do with Thames or any other water company?


New Homes
built with sewer connections
that go directly to Rivers


Water companies
cutting corners

Should have been this

https://ichef.bbci.co.uk/ace/standard/976/cpsprodpb/3444/live/62266e70-a52a-11ef-8ab9-9192db313061.png.webp

[arista]

Thames Water permitted "another" £3 Billion Loan


https://www.bbc.co.uk/news/articles/cg7z7ddmd5eo

[arista]

Sadly
the over 16 Million Customer's Bills are going up
to help pay the Mega Debt,

First Report
BBC1HD London News


Many are asking for the
government to take them over
they spoke on the report

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-edb4f89e-0c68-4f55-a84b-f9eee49a1475.png

[Vanessa]

I'm with Affinity Water and very happy with it.

[arista]

Thames Water
still afloat.

In court
they have the £3 Billion loan

[Thames Water's problems are the worst,
with debts of about £19bn.]


[Its 16 million customers are left to foot the bill
for the company's ludicrously expensive interest
charges and advisory fees.]


[Thames Water serves about a quarter of the
UK's population, mostly across London
and parts of southern England, and
employs 8,000 people.]


https://www.bbc.co.uk/news/articles/c7vzq9436zdo