# Severn Power Limited (05392552)

> Why UK company 05392552 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05392552

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05392552/filing-history/MzI4MDU5MDU1NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05392552

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