Thames Water hires restructuring advisers amid fears of collapse

Crunch talks expected after investors refuse to secure short-term cashflow and parent company due to repay 190m loan

Thames Water has assembled a team of City experts to lead urgent restructuring talks this week amid fears that its parent company may collapse by the end of the month.

The crunch talks are expected to take place days after Thames Water's investors signalled they would not put further funds into the company to secure its short-term cashflow, according to a source.