Quote Originally Posted by ramAnag View Post
As I’ve already acknowledged, you have a far greater knowledge of all the technical, legislative, accountancy stuff, but I suspect that second paragraph confirms my suspicions and possibly, although I can’t speak for him, MA’s.
If you really want to see, rather than just arguing for the sake of it, look here

https://www.thameswater.co.uk/media-...rt-2024-25.pdf

Go to the statement of financial position on page 105. You will see that at 31-03-2025 the company has indeed got accumulated losses of 641.8m, but look at the 2024 comparartives and you will see that, a year earlier, it had retained profits of 833.9m, so too the year before that 916.7m.

Now without going back through history to see if those accumulated profits or losses dippedin any one year or more, I cannot be sure, but am reasonably confident in asserting that Thames Water has not made billions in losses over time, but rather just in the last financial year - a year where you stated they had ceased paying dividends. Furthermore the total losses made over the company's history stoold at 641.8m rather than 10's of billions.

Also please note that this figure is after having paid out all the earlier billions of dividends complained about.

As your mate says "FACTS" unless of course you believe that the official audited financial statements are a fabrication (possibly of the right wing media ).

In the above I am not seeking to defend Thames Water, who seem guilty of failing to invest in the future and deserve to be dismantled if they are now insolvent, but lets at least deal with their predicament based on facts and not rhetoric (now where ahve I heard that before)