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The Guardian - UK

Business

Alex Lawson

Thames Water could be blocked from new debt financing next week

Thames Thames Water Ofwat

Thames Water, which has 8,000 employees and 16 million customers, has more than £15bn of debts. Photograph: Leon Neal/Getty Images

Thames Water has said it could be blocked from raising new debt as early as next week, as the struggling water company fights for its survival.

The debt-laden company, which is facing the prospect of a temporary nationalisation if it collapses, has until 7 October to agree an extension to much-needed financing, according to accounts for its holding company.

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