A further update from us
You may have seen some recent press speculation about Thames Water following our CEO’s resignation.
We can confirm that Thames Water continues to operate as normal, and we are committed to our turnaround plan.
We are keeping our regulators and stakeholders fully informed on progress of the company's turnaround and engagement with shareholders. As part of this we announced our annual results for 2022/23 on 10 July 2023.
From a financial point of view, we have a strong liquidity position including £4.4 billion of cash and committed funding, as at 31 March 2023.
We also received £500 million of new funding from our shareholders in March 2023 and continue to work constructively with them on the funding of the next phases of our turnaround plan.
Thames Water remains focused on delivering for our customers, the environment, and stakeholders.