Harris PYE Power Services Limited (02359988): administration
- Status
- Administration ended
- Administration began
- 2023-04-21
- Administrators' firm
- ReSolve
- Formerly
- Harris PYE Service Co Ltd; Harris PYE 2006 Limited; Harris PYE Group Limited; Reedfront Limited
- Incorporated
- 1989-03-10
- Location
- London
- Industry
- 33150 Repair and maintenance of ships and boats
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
As direct consequence of the fact that the Company was bought in 2022 and the limited engagement with the Administration by the former owners of the Company, few details are currently known about the Company’s background and history. It is, however, known, that the Company was incorporated on 10 March 1989.
The Company agreed to build a waste-to-energy plant (the Plant) in Newport, South Wales, under an EPC contract, and operate the plant under an (O&M) contract, both of which were signed in December 2019 by RDF Energy No. 1 Limited (RDF) (a special purpose vehicle created nine months earlier by Aviva, an infrastructure investor) and the Company.
The table below shows the Company’s recent financial performance:
Administrators' statement of proposals (2023-06-20) · Companies House register