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The Story
Thames Water: the business model built on sh*t
May 27, 2024
Discussion on Thames Water's sewage leaks into rivers, financial struggles, upcoming bill increase, and potential consequences. Interviews with brave Thames swimmers. Exploration of privatization history, foreign ownership, and government concerns. Macquarie and Thameswater respond to investment and turnaround plans.
29:45
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Quick takeaways
- Thames Water faces financial mismanagement and unsustainable debt, raising concerns over operational efficiency.
- The company's poor industry ranking is attributed to significant water loss through leakage, emphasizing its financial strain.
Deep dives
Challenges Faced by Thames Water
Thames Water, the UK's largest water company, is grappling with significant challenges. Under scrutiny for financial mismanagement, Thames Water has accumulated a substantial debt of around £16 billion. With concerns over its operational efficiency, the company faced criticisms of mismanagement and outsourcing critical functions. Additionally, Thames Water ranks poorly in industry measures, with a substantial water loss due to leakage, amounting to billions of liters daily. The company's struggle to borrow further underscores the financial strain it faces.
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Discover
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