Plans to restructure Thames Water through a loan of up to £3 billion have been approved by a High Court judge, allowing the struggling utility to stay afloat just weeks before it was set to run out of money.
Thames Water Utilities Holdings Limited (TWUH), the parent company of Thames Water Group (TWG), England’s biggest water company with about 16 million customers, is in around £16 billion of debt and needs £3.3 billion over the next five years to keep running.
