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Cochrane  on December 3, 2023


Balanced News


Thames Water told by auditors it could run out of money by April

Company is expected to face further scrutiny over its debt when it publishes its results on TuesdayThe parent company of Thames Water has been warned by its auditors that it could run out of money by April if shareholders do not inject more cash into the debt-laden firm.In accounts signed off in July and published on the Companies House website last week, PricewaterhouseCoopers said there was “material uncertainty” about whether the main company behind the water supplier can continue as a going concern.

The Guardian     Dec 03, 2023