The Government has appointed insolvency specialists to step up planning for Thames Water in case the troubled water company collapses.

FTI Consulting has been brought in as an administrator in the event Thames fails to secure funding from lenders.

Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.

Environment Secretary Steve Reed signed off the appointment, which would still need to be approved in court, according to Sky News which first reported on the move.

A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.

“The company…

FTI Consulting has been brought in as an administrator in the event Thames fails to secure funding from lenders.

Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.

Environment Secretary Steve Reed signed off the appointment, which would still need to be approved in court, according to Sky News which first reported on the move.

A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.

“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying…

Environment Secretary Steve Reed signed off the appointment, with Sky News reporting FTI Consulting will act as an administrator in case Thames fails to secure funding from lenders.

Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.

A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.

“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying for a special administration regime if that were to become necessary.”

Thames Water, which has…

Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.

Environment Secretary Steve Reed signed off the appointment, which would still need to be approved in court, according to Sky News which first reported on the move.

A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.

“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying for a special administration regime if that were to become necessary.”

Thames Water, which has 16 million…

Struggling with insolvency, BluSmart’s valuable EV fleet and tech assets are trapped in subsidiaries, complicating creditor recovery and leaving its future uncertain.

BluSmart, the electric cab firm, is grappling with a complex insolvency case that began on July 29, 2025, when the National Company Law Tribunal (NCLT) admitted a petition from a creditor.

The case has uncovered major challenges in valuing the company’s assets, particularly its fleet of electric vehicles (EVs) and proprietary technology, which are locked within subsidiaries not automatically included in the insolvency process.

Founded in 2019 by Anmol Singh Jaggi, Punit Goyal, and Puneet Singh Jaggi, BluSmart operated with an asset-light…

FTI Consulting has been brought in as an administrator in the event Thames fails to secure funding from lenders.

Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.

Environment Secretary Steve Reed signed off the appointment, which would still need to be approved in court, according to Sky News which first reported on the move.

A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.

“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying…

Environment Secretary Steve Reed signed off the appointment, with Sky News reporting FTI Consulting will act as an administrator in case Thames fails to secure funding from lenders.

Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.

A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.

“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying for a special administration regime if that were to become necessary.”

Thames Water, which has…

Environment Secretary Steve Reed signed off the appointment of FTI Consulting to act as an administrator in case Thames fails to secure funding from lenders, Sky News reported.

Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.

A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.

“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying for a special administration regime if that were to become necessary.”

Thames Water, which has 16…

Environment Secretary Steve Reed signed off the appointment of FTI Consulting to act as an administrator in case Thames fails to secure funding from lenders, Sky News reported.

Contingency plans could see Britain’s biggest water firm placed into a special administration regime (SAR), meaning it would be put into an insolvency process.

A spokeswoman for the Department for Environment, Food & Rural Affairs (Defra) said: “The Government will always act in the national interest on these issues.

“The company remains financially stable, but we have stepped up our preparations and stand ready for all eventualities, including applying for a special administration regime if that were to become necessary.”

Thames Water, which has 16…

Ministers have lined up insolvency practitioners to prepare for the potential collapse of Thames Water, Britain’s biggest water utility.

Sky News can exclusively reveal that Steve Reed, the environment secretary, has signed off the appointment of FTI Consulting to advise on contingency plans for Thames Water to be placed into a Special Administration regime (SAR).

Sources said on Tuesday that the advisory role established FTI Consulting as the frontrunner to act as the company’s administrator if it fails to secure a private sector bailout – although approval of such an appointment would be decided in court.

Money latest: Supermarket coffee beats big brands in taste test

Thames Water, its largest group of creditors and Ofwat,…