Allowing Thames Water to run out of money by not approving restructuring plans is “a risk which cannot be run”, the High Court has been told.
Thames Water Utilities Holdings Limited (TWUH), the parent company of Thames Water Group (TWG), England’s largest water company, is set to run out of cash by March 24 and risks entering special administration if a judge does not approve its plans to inject up to £3 billion to keep it afloat.
