Tidal Energy Limited (04135447): administration
- Status
- Administration ended
- Administration began
- 2016-10-17
- Administrators' firm
- Begbies Traynor
- Formerly
- Tidal Hydraulic Generators Limited
- Incorporated
- 2001-01-04
- Location
- Cardiff
- Industry
- 35110 Production of electricity
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated as Tidal Hydraulic Generators Limited in 2001 and was later renamed to Tidal Energy Ltd The Company ts an innovative tidal stream technology company that has prepared, installed and tested at sea a full-scale prototype tidal stream generating device known as DeltaStream The device has been constructed and tested in Pembrokeshire, South West Wales, with sea tnals commenced in early 2016
The Company’s management team has extensive expenence in successful entrepreneurship, profitable renewable energy project development and deep-rooted manne industry expertise
Initial investment was provided by Eco2 Limited Since this initial investment the Company has spent approximately £18million developing and proving DeltaStream technology as well as developing, constructing and operating the Ramsey Sound tidal stream energy site, the only project of its type in Wales
Administrators' statement of proposals (2016-12-23) · Companies House register