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Thames Water says it is taking ‘radical’ action but turnaround will take time
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UK news, Thames Water says it is taking ‘radical’ action but turnaround will take time, Company announces plunge in profits after being told by auditors it could run out ., by Press24 Uk, where many people are interested in watching and following the news,Thames Water says it is taking ‘radical’ action but turnaround will take time, and now to the details.

Thames Water says it is taking ‘radical’ action but turnaround...


Company announces plunge in profits after being told by auditors it could run out of money by April

The ailing utilities firm Thames Water has said it is taking “immediate and radical” action to turn around the business, days after it emerged its auditors had warned it could run out of money by April.

The debt-laden water supplier said it was working on a three-year turnaround to overhaul its environmental, operational and financial performance, as profits more than halved to £246m in the six months to 30 September, largely due to changing valuations of its assets.

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