Thames Water has confirmed it has insufficient money to repay debts that will mature from April 2024, during a parliamentary hearing drilling down into the “murky” financial structures of Thames' parent companies. Interim co-chief executive Alastair Cochran told the committee the company had external debts of £1.35 billion maturing between April 2024 and 2028, with £190 million due in the spring.
Thames confirms it lacks funds to repay loans
