Sun, Jan 25, 2026
Text Size
Friday, 18 November 2016 14:16

Thames Water awards contracts to collect £121m in outstanding household debts a year

Thames Water has awarded contracts to collect outstanding household debt with a forecast annual total value of £121.5 million to five debt collection agencies.

The framework agreement for household debt collection will run for an initial duration of three years, with options to extend annually up to a maximum overall term of seven years.

The tender for debt collection services for Thames Water's household customers was divided into three lots:

Lot 1: Active Accounts, 1st placement (forecast at £52m p.a.)

Lot 2: Active Accounts, 2nd placement (£forecast at 50m p.a.)

Lot 3: Final / Closed Accounts — Trace and collect activity (forecast at £19.5m p.a.)

The debt collection agencies will be left to decide what activity is carried out for each lot, however, for lot 3, the trace activity is a pre-requisite.

While the initial scope of the future contracts will be Thames Water's household debt, it is possible that the scope will be extended in future to include non-household debt.

Holding an interim Financial Conduct Authority licence was a key requirement for participants in the tender.

Allied International Credit (UK) Ltd, Moorcroft Group Plc, 1st Locate (UK) Ltd, Akinika Debt Recovery Ltd, Advantis Credit Ltd and Arvato Financial Solutions Ltd have all been awarded a place on the framework.

News Showcase

Sign up to receive the Waterbriefing newsletter:


Watch

Click here for more...

Login / Register




Forgot login?

New Account Registrations

To register for a new account with Waterbriefing, please contact us via email at waterbriefing@imsbis.org

Existing waterbriefing users - log into the new website using your original username and the new password 'waterbriefing'. You can then change your password once logged in.

Advertise with Waterbriefing

WaterBriefing is the UK’s leading online daily dedicated news and intelligence service for business professionals in the water sector – covering both UK and international issues. Advertise with us for an unrivalled opportunity to place your message in front of key influencers, decision makers and purchasers.

Find out more

About Waterbriefing

Water Briefing is an information service, delivering daily news, company data and product information straight to the desks of purchasers, users and specifiers of equipment and services in the UK water and wastewater industry.


Find out more