South East Water warns it needs more money from investors ahead of an Ofwat ruling on spending.
BBC News, South EastSouth East Water is already on the watchdog's watch list for financially at-risk companies
The water firm, which supplies about 2.3 million customers in Kent, Sussex, Surrey, Hampshire and Berkshire, said it was in discussions with lenders and shareholders in aIt is already on watchdog Ofwat's watch-list for financially-at-risk companies, alongside Thames Water. It says that talks are at an "advanced" stage, while directors "expect to raise sufficient additional liquidity".The statement said: “The risk that the funding will not be received constitutes a material uncertainty that may cast significant doubt on the ability of the group and company to continue as a going concern”.
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