Kennet Properties Dividends Raise Eyebrows Amid Thames Water Financial Troubles

Sunday, 21 April 2024, 16:04

Kennet Properties, a development company associated with Thames Water, paid out a £14m dividend despite warnings of potential financial troubles within the wider group. This move comes amidst concerns of Thames Water potentially facing administration due to a £190m loan. The dividend distribution by Kennet Properties has raised questions about its financial stability and relationship with the embattled water group, Kemble Water.
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Kennet Properties Dividends Raise Eyebrows Amid Thames Water Financial Troubles

Kennet Properties' Dividend Distribution

A development company, Kennet Properties, has paid a £14.5m dividend despite warnings of financial difficulties within the wider group.

Thames Water Land Sales

Kennet Properties sells land no longer needed by Thames Water, raising concerns about its financial stability.

The owner, Kemble Water, faces potential financial woes and administration due to a £190m loan.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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