Administrators lined up in case of Thames Water collapse

Thames Water's future remains uncertain as the government prepares for potential administration, with FTI Consulting advising on a Special Administration Regime due to the company's financial struggles. Despite efforts to secure funding, including a failed deal with KKR, the UK's largest water company faces massive debts and infrastructure challenges. Privatised in 1989, Thames Water's debt has soared to £22.8bn, leading to calls for increased bills to address issues. Customers will not see service disruptions, but the company's financial instability raises concerns about the water industry's future.