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20 May 2021
Recent analysis by Arum-Just of debt in the UK retail energy and water utility sectors has shown that cumulative debt is now sitting at over £6 billion. All the more worrying is that most of the published accounts reviewed were published prior to COVID-19 having an impact on the reported financial numbers. Utilities have already provided over £1.5 billion in bad debt provisions, excluding the debt that they have already written-off, which will be substantial.
View this Thought Leadership Article by Sandy Duckett
Sandy Duckett is a Principal Consultant at Arum-Just focusing on the utilities sector. He was previously Head of Collections at Scottish Power and has acted as strategic advisor to a range of water and energy providers.