South East Water Warns of Survival Doubts Without New Funding
South East Water has issued a warning that its future survival is in doubt if it cannot secure fresh financing, as the company struggles to obtain new funding.
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South East Water warns it is struggling to secure new funding
Utility blames public and political scrutiny for hurting investor confidence
Read full article →South East Water warns over survival as funds dry up
Supplier to 2.4m customers says it doesn’t have enough money to last beyond July 2027 South East Water has warned that there is “material uncertainty” over its survival, after a disastrous year in which the lossmaking company paid millions of pounds in fines and its chief executive was forced out. The water supplier to 2.4 million customers said it had sufficient funds to make it through to July 2027. However, “shortly after” it will need “new loan facilities in order to continue as a going ...
By Jasper Jolly
Read full article →South East Water raises doubts over future survival without fresh financing
The water supplier said it was in discussions with lenders to agree a new loan facility.
By Anna Wise
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