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Thames Water Spends £1M to Avoid Renationalisation

9/13/2025

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Summary

Story summary

Thames Water paid over £1 million to Hakluyt, a corporate intelligence firm linked to Prime Minister's adviser Varun Chandra, to avoid renationalisation.
Chandra, a former manager at Hakluyt, holds a multimillion-pound stake in the firm.
Since 2023, Hakluyt has advised Thames on securing private sector funding.
Thames has spent at least £136 million on advisory services to avert collapse amid creditor takeover efforts.
Chandra's bid to persuade KKR to acquire Thames failed, leaving lenders as the last option against renationalisation.

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Story summary

Thames Water paid over £1 million to Hakluyt, a corporate intelligence firm linked to Prime Minister's adviser Varun Chandra, to avoid renationalisation.
Chandra, a former manager at Hakluyt, holds a multimillion-pound stake in the firm.
Since 2023, Hakluyt has advised Thames on securing private sector funding.
Thames has spent at least £136 million on advisory services to avert collapse amid creditor takeover efforts.
Chandra's bid to persuade KKR to acquire Thames failed, leaving lenders as the last option against renationalisation.