www.theguardian.com
9 months agoLondon
Thames Water told by auditors it could run out of money by April
Thames Water's parent company, Kemble Water Holdings, has been warned by auditors that it could run out of money by April without further cash injection from shareholders.
The auditors noted material uncertainty about Kemble Water Holdings' ability to continue as a going concern due to lack of firm arrangements for refinancing a loan at one of its subsidiaries. [ more ]