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The Guardian - UK

Business

Helena Horton Environment reporter

Thames Water: advisers appointed to plan for company’s potential collapse

Thames Water Thames FTI FTI Consulting Steve Reed Ofwat

a thames Water van and a blue and white incident tape stating 'do not cross' — The environment secretary, Steve Reed, has signed off on the appointment of the consultants. Photograph: Jill Mead/The Guardian

UK ministers have appointed insolvency advisers to make contingency plans for the potential collapse of Thames Water.

The company, which supplies 16 million customers, has been racing to pull together a deal to avoid financial collapse.

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