Thames Water, the UK's largest water company, has stated it has sufficient funding to survive until the end of the year. The announcement comes as the company works to secure additional capital to avoid potential nationalisation.
According to the company's annual results, Thames Water's net debt has risen significantly to £18.5 billion, an increase from £16.8 billion a year earlier. This mounting debt reflects the financial pressures facing the utility company as it attempts to stabilise its operations.
The company is actively pursuing recapitalisation efforts to address its financial position. The statement that it can survive until the end of the year indicates immediate funding is available, though the situation remains precarious given the scale of its debt burden and the urgent need to secure longer-term financing solutions.
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