Recession eats into UK water revenues
- From: Vol 10, Issue 2 (February 2009)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Northumbrian Water, Ofwat, Severn Trent, Thames Water and United Utilities
The big UK water companies have warned that lower consumption volumes and rising bad debts are impacting their top line. It could just be the tip of the iceberg.
The recession is expected to hit UK water company revenues over the next two years, as metered customers cut their consumption and the level of bad debts in the industry rises.
Both problems will affect all companies in the sector to a greater or lesser extent, and three – Severn Trent, Thames Water and United Utilities – released figures in late January ...
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