Thames Water to tap investors for funds as it will run out of cash by next June

Company is laden with £15.2bn of debt, up £1.3bn on previous year, most of which could be added to public purse

• Poor state of Thames ‘a critical risk to UK’

Thames Water said it intended to tap investors for fresh funds as it would run out of money by next June without a cash injection.

The debt-laden company, which has faced sustained criticism over sewage dumps, leaky pipes and executive pay, said it had £1.8bn, “sufficient to fund our operations for the next 11 months to the end of May 2025”.