Dan Coatsworth, head of markets at AJ Bell, said: “At this point you would need a lot more than H2O to clean up the mess at Thames Water.
“Borrowings have swelled, customer complaints are surging, fines for missed targets are piling up, and the rescue deal on the table from lenders is hanging in the balance.
“While the company announced a return to profit for the year ended in March it is cash that really matters, and a long-term resolution is needed to secure its future.
“The potential for the expected next Prime Minister Andy Burnham to consider nationalisation as an option looms over Thames Water, and the coming weeks could be crucial ones for the destiny of the business.”
Contact details are available to account holders.
Create a free account to get in touch with this expert.