{"id":5083,"date":"2023-06-29T02:27:00","date_gmt":"2023-06-29T02:27:00","guid":{"rendered":"https:\/\/www.asadkarim.co.uk\/?p=5083"},"modified":"2023-06-28T14:32:58","modified_gmt":"2023-06-28T14:32:58","slug":"thames-water","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=5083","title":{"rendered":"Thames Water"},"content":{"rendered":"\n<p>There is a lot of media speculation about the future of the UK&#8217;s largest water company, Thames Water.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.thameswater.co.uk\">https:\/\/www.thameswater.co.uk<\/a><\/p>\n\n\n\n<p>The media are reporting that HM Government may have to rescue the company due to its debt pile.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bbc.co.uk\/news\/business-66039170\">Thames Water in funding talks amid collapse fears &#8211; BBC News<\/a><\/p>\n\n\n\n<p>What is the debt position ?<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/Thames2.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/Thames2-1024x576.png\" alt=\"\" class=\"wp-image-5084\" srcset=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/Thames2-1024x576.png 1024w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/Thames2-300x169.png 300w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/Thames2-768x432.png 768w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/Thames2-624x351.png 624w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/Thames2.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>Courtesy of Thames Water<\/figcaption><\/figure>\n\n\n\n<p>The firm carries \u00a313.41bn of debt.<\/p>\n\n\n\n<p>&#8220;We maintain relatively long-dated debt maturities (currently with an average tenor of approximately 13 years) to minimise refinancing risks. The average interest<br>rate we incurred during 2021\/22 was <strong>6.63%<\/strong>, and we paid net interest of \u00a3273.6 million on our debt (of which \u00a3115.3 million was capitalised) &#8220;<\/p>\n\n\n\n<p>They paid out \u00a3273.6 Million on interest payments alone for the year 2021\/22.<\/p>\n\n\n\n<p>Who are the owners of the business ?<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/ThamesWater.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/ThamesWater-1024x576.png\" alt=\"\" class=\"wp-image-5085\" srcset=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/ThamesWater-1024x576.png 1024w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/ThamesWater-300x169.png 300w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/ThamesWater-768x432.png 768w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/ThamesWater-624x351.png 624w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2023\/06\/ThamesWater.png 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption>Courtesy of Thames Water<\/figcaption><\/figure>\n\n\n\n<p>Note the 2 largest UK shareholders are The BT pension fund (Hermes) and The UK Universities Pension Fund (USS).<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is a lot of media speculation about the future of the UK&#8217;s largest water company, Thames Water. https:\/\/www.thameswater.co.uk The media are reporting that HM Government may have to rescue the company due to its debt pile. Thames Water in funding talks amid collapse fears &#8211; BBC News What is the debt position ? The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5083","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5083"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5083\/revisions"}],"predecessor-version":[{"id":5086,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5083\/revisions\/5086"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}