Thames Water Fined Record £122.7 Million Ouch
Thames Water's fined a record sum, For failing customers and the environment, its biggest blunder yet to come.
In London's streets, a tale is told,
Of Thames Water's woes, so old.
A record fine, a whopping sum,
£122.7m, their troubles have begun.
Of Thames Water's woes, so old.
A record fine, a whopping sum,
£122.7m, their troubles have begun.
Their debt's a mountain, high and steep,
£22.8bn, a figure hard to keep.
Leaks and spills, a constant plight,
Their customers suffer, day and night.
£22.8bn, a figure hard to keep.
Leaks and spills, a constant plight,
Their customers suffer, day and night.
Ofwat's the regulator, strict and fair,
Ordered Thames to pay, without a care.
£104.5m, for sewage's shame,
And £18.2m, for dividends' claim.
Ordered Thames to pay, without a care.
£104.5m, for sewage's shame,
And £18.2m, for dividends' claim.
Their shareholders, with payouts so grand,
£37.5m and £131.3m, in hand.
But Ofwat said, "You broke the rules, you see,
Your performance's poor, your dividends a spree."
£37.5m and £131.3m, in hand.
But Ofwat said, "You broke the rules, you see,
Your performance's poor, your dividends a spree."
Thames Water's problems, the worst of all,
Their debt's a burden, that will surely fall.
Their customers, with bills to pay,
Will see no change, in their daily way.
Their debt's a burden, that will surely fall.
Their customers, with bills to pay,
Will see no change, in their daily way.
Their chairman warned, of price rises high,
To fix the problems, and reach the sky.
But critics say, "You've been badly run,
Why should customers pay, for your mistakes, undone?"
To fix the problems, and reach the sky.
But critics say, "You've been badly run,
Why should customers pay, for your mistakes, undone?"
Their owners, a group of pension funds and more,
Investors from Canada, and the UK's shore.
They'll see no change, in their dividends so sweet,
As Thames Water struggles, to meet their debt.
Investors from Canada, and the UK's shore.
They'll see no change, in their dividends so sweet,
As Thames Water struggles, to meet their debt.
Their future's uncertain, with fines so steep,
And debts that mount, like a mountain to keep.
Their customers wait, with taps to run dry,
As Thames Water struggles, to reach the sky.
And debts that mount, like a mountain to keep.
Their customers wait, with taps to run dry,
As Thames Water struggles, to reach the sky.