All the updated news related to special administration regime

All the news related to special administration regime updated in real time

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City

Government moves to reassure Thames Water customers as collapse fears mount

The Government has insisted work is going on “behind the scenes” to ensure that customers of debt-laden Thames Water “will not be impacted” following reports that the company is on the verge of going bust. The utility giant is seeking to raise cash ...

28 Jun 2023 at 20:56

Thames Water working to secure cash as Government draws up nationalisation plan

City

Thames Water working to secure funds as Government draws up nationalisation plan

Debt-laden utility giant Thames Water has said it is working with shareholders to secure the cash it needs after reports that ministers are drawing up contingency plans for its collapse. The company, which serves 15 million households, said on ...

28 Jun 2023 at 13:41

City

Ministers work up Thames Water plan as regulator keeps watch on sector debts

Ministers have looked to allay fears around the impact of Thames Water potentially going under as the regulator vowed to work with the sector to deal with its debt levels. Work and Pensions Secretary Mel Stride said there were “contingency ...

29 Jun 2023 at 00:45

City

Contingency plans being drawn up for possible collapse of Thames Water – reports

The Government is reportedly drawing up contingency plans for the emergency nationalisation of Thames Water as concerns grow over its mammoth £14 billion debt pile. Ministers are said to be in talks about the possibility of temporarily ...

28 Jun 2023 at 11:48

City

Thames Water has ‘secure and committed’ funding, Government insists

The Government has doubled down on its reassurances that troubled Thames Water has “secure and committed” funding, as the water sector’s £60 billion debt pile comes under greater scrutiny. Access to water and utility bills will not be ...

29 Jun 2023 at 16:02

City

Thames Water appoints new chair as questions swirl about its future

Thames Water has chosen a new chairman just two days after its chief executive stepped down amid serious questions over the debt-laden company’s future. It came as the Government tried to calm the waters by saying that the utility ...

29 Jun 2023 at 17:34

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