Severn Power Limited (05392552): administration
- Status
- Administration ended
- Administration began
- 2020-08-24
- Administrators
- James Robert Tucker, David John Pike
- Administrators' firm
- KPMG
- Incorporated
- 2005-03-15
- Location
- Newport
- Industry
- 35110 Production of electricity
Why it went into administration
- Parent or group failure
- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company operates one CCGT plant known as Severn Power Station, Newport. The Company facilitates the ongoing operations and day to day trading of the station.
On appointment, the Company employed 29 staff, all of whom were initially retained until 4 October 2020. At the time of this report there have been 7 redundancies.
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2020-10-28) · Companies House register