From the administrators' statement

The Company’s principal activity was that of the design, manufacture and implementation of thermal destruction gasification equipment for the conversion of waste materials into energy

The Company had one contract with Touchgold Limited, a subsidiary of Warwick Energy Limited (“Warwick”), to initially produce one gasifier and then once this had achieved signoff and completion (Phase 1) to manufacture a further six gasifiers (Phase 2) at Warwick’s site in Bentinck, Nottingham

The costs of completing Phase 1 were anticipated to exceed the contract value with Touchgold Limited, primarily because there was a considerable amount of research and development to be incorporated into the first gasifier The Company was funded by debt and equity in order to complete Phase 1 of this contract

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ITI Energy Limited (05093306)

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