# ITI Energy Limited (05093306)

> Why UK company 05093306 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05093306

- **Status:** Administration ended
- **Administration began:** 2013-11-08
- **Administrators' firm:** Mazars
- **Incorporated:** 2004-04-05
- **Location:** London
- **Industry:** 28990 Manufacture of other special-purpose machinery n.e.c.

## Why it went into administration

- Funding withdrawn / unable to refinance

## 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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05093306/filing-history/MzA5MjAwMDY4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05093306

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.