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New ownership of heating, cooling and private wire network will unlock growth opportunities

ThamesWey Energy Ltd. has today announced the completion of the sale of ThamesWey Central Milton Keynes Ltd. (TCMKL) to Utilities Services (MediaCity UK) Ltd., which is a subsidiary of Leep Utilities Ltd (“Leep”).

Owned by ThamesWey Energy Ltd. (TEL), which itself is owned (100% shareholding) by Woking Borough Council (WBC), the TCMKL business has been providing district heating, cooling and private wire network to 1,222 domestic customers and 80 business customers in Milton Keynes since 2004.

Leep will continue to provide those same business and domestic customers with heating, cooling, and electricity without interruption.

Jeff Whittingham, ThamesWey Energy Ltd. comments, “We’re pleased to confirm the sale of ThamesWey Central Milton Keynes Ltd. There are benefits for both parties, with the divestment marking a rationalisation of our assets and a re-focus on local services. The existing customer base will be well-served by the new owners, who will safeguard the network by investing in further growth”.

“ThamesWey Energy Ltd. operations will continue to operate the network for Woking Town Centre.”

Lee Kitchen, Leep, adds, “Acquiring TCMK makes strategic sense for us as a company. This compliments our growing portfolio of last-mile utility networks, which currently has more than 200,000 contracted heat, electricity and water connections. Like many of the other networks we manage across the UK, TCMK’s energy centre and utilities networks are a valuable part of the local infrastructure, serving a variety of mixed-use developments with sustainable, lower carbon utilities services, while also delivering the good value and customer service Leep has become known for”.

All staff working directly for ThamesWey Central Milton Keynes Ltd. have been automatically offered a role with Leep to ensure continuity of service provision and to protect existing jobs.

A notice to all our tenants

We are writing to inform you of an important decision affecting ThamesWey Housing Limited, your landlord.

Woking Borough Council, which wholly owns ThamesWey Housing Limited, has approved, in principle, the sale of the company. This means that ThamesWey Housing, including the homes we own and manage, will be offered for sale to a new owner.

We appreciate this news may be unexpected, but we want to reassure you from the outset that there is no immediate change to your home or your tenancy. Your rent, and the way you pay it, are not changing, and you do not need to take any action.

Supporting our tenants and ensuring security and continuity for people living in our homes remains our priority. Please be assured that normal day-to-day operations will not be affected. Your tenancy will be unchanged, as it is protected by law, and will continue on your current terms and conditions.

The sale process is focused on finding a buyer who shares ThamesWey’s values, including a commitment to providing high-quality housing and services.

We will continue to keep you informed throughout the process. In the meantime, our FAQs provide further clarity and reassurance – please click here to read them. If you have any urgent questions, please contact saleenquiries@thamesweygroup.co.uk.