Thames Water

Thames Water

Thames Water's headquarters in Reading
Company type	Subsidiary
Industry	Water industry
Predecessor	Thames Water Authority
Founded	1989
Headquarters	Reading, Berkshire, England
Area served	United Kingdom, but principally South England
Key people	Adrian Montague (Chairman) Chris Weston (CEO)
Products	Drinking water Recycled wastewater Biosolid fertilisers Recovered phosphates Renewable energy
Production output	2.5 Gl/day (drinking) 4.6 Gl/day (recycled)
Services	Water supply Sewage treatment
Revenue	£2.177 billion (2021–22) £2.107 billion (2020–21) £2.173 billion (2019–20)
Operating income	£406 million (2021–22) £465 million (2020–21) £557 million (2019–20)
Net income	£-1649 million (2021–22) £-772 million (2020–21) £116 million (2019–20)
Owners	OMERS (32%) Universities Superannuation Scheme (20%) Infinity Investments (10%) 6 other global investment funds (38%)
Number of employees	7,086 (2021-22)
Parent	Kemble Water Holdings Limited
Website	thameswater.co.uk

Thames Water Utilities Ltd, known as Thames Water, is a British private utility company responsible for the water supply and waste water treatment in most of Greater London, Luton, the Thames Valley, Surrey, Gloucestershire, north Wiltshire, far west Kent, and some other parts of England; like other water companies, it has a monopoly in the regions it serves.

With origins dating back to the formation of the New River Company in 1609, Thames Water was established in 1989 during privatisation of the water industry in England and Wales. The name of the company reflects its role serving the drainage basin of the River Thames; water is sourced from the Thames as well as a number of other rivers and boreholes.

The UK's largest water and wastewater services company, Thames Water is responsible for an extensive water management infrastructure which includes the Thames Water Ring Main around London, one of Europe's largest wastewater treatment works and the UK's first large-scale desalination plant—both at Beckton in east London—and the £4.2 billion Thames Tideway sewer (set to enter service in 2025). Per day, the company supplies 2.5 billion litres (550 million imperial gallons) of drinking water and treats 4.6 billion litres (1,000 million imperial gallons) of wastewater. It serves a population of 15.5 million people—about a quarter of the UK population—but its ageing infrastructure is prone to leakage and is a frequent cause of pollution, for which it has been repeatedly prosecuted and fined.

Current shareholders include four major pension funds and four overseas investment funds which between them hold over 90% of the company's shares. The company has been criticised for paying substantial dividends to shareholders while simultaneously taking out loans, accumulating £14 billion in debts. In June 2023, Thames Water was reported to be close to financial collapse. In April 2024, the UK Government was reported to be considering plans to renationalise the company.