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The Guardian - UK

Business

Anna Isaac City editor

Thames Water has six weeks to agree survival plan with Ofwat

Thames Ofwat Thames Water

Thames Water’s operating company, which is ringfenced by the regulator, is labouring under debts of almost £15bn. Photograph: Leon Neal/Getty Images

Thames Water has just six weeks to convince its regulator that it has a viable survival plan for its business, the Guardian can reveal.

While the company believes it has enough cash to survive for about 15 months, insiders and investors fear that it must move quickly to strike a deal with its watchdog to stave off insolvency.

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