Thames Water
A regulated water and wastewater utility serving London and the Thames Valley.
Last refreshed: 27 July 2026 · Appears in 1 active topic
Thames Water's last rescue collapsed once already, so what happens if this one fails too?
Timeline for Thames Water
Remained the subject of a live rescue and takeover process
Is Britain Actually Broke?: £6.6bn bid to keep Thames Water privateBackground
Thames Water is the regulated water and wastewater utility serving London and the Thames Valley, and Britain's largest water company by customer numbers. It remains subject to a rescue attempt after an earlier plan led by KKR collapsed; a new consortium, London & Valley Water, backed by Elliott Management and Apollo Global Management, proposed £3.35bn of new equity and £3.25bn of fresh debt on 21 July 2026, subject to Ofwat approval, public consultation and High Court sign-off.
Who owns Thames Water?
How much debt does the Thames Water rescue involve?
Could Thames Water be nationalised?
Why did the earlier KKR rescue of Thames Water collapse?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 27 July 2026. Editorial standards.