Summary
Severn Trent, the water company serving most of Gloucestershire's homes and businesses, said rising bad debts and lower water usage among cash-conscious customers had dented profits.
Severn said growing insolvencies meant it had increased bad debt charges by pounds6.6million in the year to March 31 to pounds34 million or 2.3% of its turnover.See the full content of this document
Extract
Water Firm Profits Hit by Bad Debt
Lower commercial consumption also cost Severn pounds20....
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