Thames Water asks for £2.4bn more to avoid going bust this year or early 2027

Water company tells creditors it will not survive long enough to agree refinancing deal without more money

Thames Water has asked its creditors for another £2.4bn as the embattled water company comes close to running out of cash.

The UK’s largest water company said on Thursday it needed another short-term cash injection because it would be unable to reach a longer-term deal to sort out its giant debt pile before running out of cash by “the end of 2026 or the start of 2027”.