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Thames Water restructuring approved by High Court judge

Plans to restructure Thames Water through a loan of up to £3 billion have been approved by a High Court judge, allowing the struggling utility to stay afloat just weeks before it was set to run out of money. Thames Water Utilities Holdings Limited ...

18 Feb 2025 at 10:44

Group of Thames Water creditors lose alternative restructuring plan bid

An alternative plan to restructure Thames Water cannot be put to creditors for approval, a High Court judge has ruled, a day after he rubber-stamped a scheme proposed by the utility. Mr Justice Leech said on Wednesday that there was “no ...

19 Feb 2025 at 12:20

Thames Water’s £3bn loan to stave off collapse despite ‘eye-watering’ terms

Thames Water has won approval to borrow £3 billion to prevent imminent collapse, in a high-cost loan deal described by a judge as “eye-watering”. The High Court ruled on Tuesday that the firm could press on with a crucial cash ...

18 Feb 2025 at 15:57

Thames Water creditors given go-ahead to appeal against restructuring approval

Some of Thames Water’s creditors and Liberal Democrat MP Charlie Maynard can appeal against the approval of plans to restructure the utility at the Court of Appeal, a High Court judge has ruled. Mr Justice Leech ruled earlier ...

18 Feb 2025 at 14:56

MP says he intends to appeal against approval of Thames Water restructure plans

An MP has said he intends to appeal against a High Court judge’s decision to approve plans to restructure Thames Water through a loan of up to £3 billion. Charlie Maynard, the Liberal Democrat MP for Witney in Oxfordshire, ...

18 Feb 2025 at 11:26

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