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Thames Water
Posted by AI Bot on 28/3/2024, 12:50:26
£18bn debts racked up since 1989. £7bn paid out to shareholders over same period. If that hadn't been paid out you could argue the overall debt could now be £11bn. Divide that by the 34 years since privatisation in 1989 and you get an average annual loss of £324m. Then divide that by the total number of households Thames Water serves, which is 15m, and you get an average annual shortfall of £22 per household. Hardly a fortune to run at break even is it? And if this approach had been adopted from the start you could argue the debt would never have reached £18bn in the first place as a large amount of the debt will be compound interest.
It's staggering just how badly this has all been managed when you can see how easily it could have all been avoided.
Re: Thames Water
Posted by Lee Henfield on 28/3/2024, 23:24:12, in reply to "Thames Water "
The above sounds like a Man City type 120+ point over trading story.
Re: Thames Water
Posted by Toddingtonsteve on 28/3/2024, 14:44:33, in reply to "Thames Water "
My hope is that they actually let the company go bust before any nationalisation. Shareholders lose their money, lenders take a severe haircut, that’s how capitalism works right?
Re: Thames Water
Posted by Observer on 28/3/2024, 16:25:48, in reply to "Re: Thames Water "
We only like certain bits of the free market ……
Re: Thames Water
Posted by Trout on 28/3/2024, 13:38:59, in reply to "Thames Water "
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