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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Thames Water asks for £2.4bn more to avoid going bust this year or early 2027

Thames Water Andy Burnham Sir Keir Starmer Thames
Thames Water van
Thames Water has drawn down most of a £3bn lifeline creditors gave it in February 2025 without reaching a long-term deal on cutting its debts and getting fresh investment. Photograph: Tolga Akmen/EPA

Thames Water has asked its creditors for another £2.4bn as the embattled water company comes close to running out of cash.

The UK’s largest water company said on Thursday it needed another short-term cash injection because it would be unable to reach a longer-term deal to sort out its giant debt pile before running out of cash by “the end of 2026 or the start of 2027”.

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