Why is Thames Water in so much trouble?

Thames Water may have to be taken over by the government if it runs out of money. Analysts say Thames Water's debt amounts to 80% of the value of the business, making it the most heavily indebted of England and Wales' water companies. Like Thames Water, critics claim that overseas owners have loaded water companies up with debt and paid themselves handsome dividends at the expense of investment. Last December Ofwat raised concerns about the financial resilience of five companies: Thames Water, Southern Water, Yorkshire Water, SES and Portsmouth. Thames Water is owned by a group of investors spanning four continents.

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