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Thames Water lobbying government to let it increase bills by 40%

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By *0shadesOfFilth OP   Man
12 weeks ago

nearby

In its annual report for the year ending 31 March 2022, Thames Water had reported annual revenues of around £2bn, generating a profit before interest, taxes, depreciation and amortisation (EBITDA) of

around £1bn (a margin of around 50%). (Wiki)

Thames Water has also posted an almost £400 million profit for the past six months of this year.24 Jan 2024

Enough to pay its new boss an annual salary worth £850,000, on top of £102,000 in yearly pension payments, and a £15,000 car allowance. (14 Dec 2023)

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By *rDiscretionXXXMan
12 weeks ago

Gilfach


"In its annual report for the year ending 31 March 2022, Thames Water had reported annual revenues of around £2bn, generating a profit before interest, taxes, depreciation and amortisation (EBITDA) of

around £1bn (a margin of around 50%). (Wiki)"

But EBITDA is just an accounting number used to impress investors. Their actual profit was £159.9m, or 8%.

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By *orses and PoniesMan
12 weeks ago

Ealing


"In its annual report for the year ending 31 March 2022, Thames Water had reported annual revenues of around £2bn, generating a profit before interest, taxes, depreciation and amortisation (EBITDA) of

around £1bn (a margin of around 50%). (Wiki)

Thames Water has also posted an almost £400 million profit for the past six months of this year.24 Jan 2024

Enough to pay its new boss an annual salary worth £850,000, on top of £102,000 in yearly pension payments, and a £15,000 car allowance. (14 Dec 2023)

"
. You probably need to download the accounts of Thames Water in order to obtain more accurate information. Most people would expect a company to employ a top quality CEO and pay accordingly

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By *otMe66Man
12 weeks ago

Terra Firma


"In its annual report for the year ending 31 March 2022, Thames Water had reported annual revenues of around £2bn, generating a profit before interest, taxes, depreciation and amortisation (EBITDA) of

around £1bn (a margin of around 50%). (Wiki)

Thames Water has also posted an almost £400 million profit for the past six months of this year.24 Jan 2024

Enough to pay its new boss an annual salary worth £850,000, on top of £102,000 in yearly pension payments, and a £15,000 car allowance. (14 Dec 2023)

. You probably need to download the accounts of Thames Water in order to obtain more accurate information. Most people would expect a company to employ a top quality CEO and pay accordingly "

Don’t forget anyone can be a CEO, telling people what to do all day from the golf course!

There is a lack of understanding not only here but nationally, what being a CEO is, other than terms like fat cat.

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