MA Energy Limited (06541758): administration
- Status
- Administration ended
- Administration began
- 2021-11-10
- Administrators' firm
- Begbies Traynor
- Formerly
- Midlands Associates Limited
- Incorporated
- 2008-03-20
- Location
- London
- Industry
- 35130 Distribution of electricity
Why it went into administration
- Regulatory change or action
- Cash flow / liquidity pressure
- Energy costs
From the administrators' statement
The Company was incorporated on 20 March 2008 under company number 06541758. Its registered office was 45 Skylines Village, Limeharbour, London E14 STS. It is a private company limited by shares. The Company traded as an electricity supplier.
The Company is licensed by the energy regulator, Office of Gas & Electric Markets (“Ofgem”) and was granted its Licence to operate by the Gas and Electricity Markets Authority (‘“GEMA’). The Company supplied electricity to the UK mainland market (excluding Northern Ireland) to approximately 1,200 commercial customers. The Company traded from leased premises at 45 Skylines Village, Limeharbour, London E14 9TS with a small core staff of 10 employees.
During the winter of 2020/21, both the gas and electricity markets experienced adverse movemenis in wholesale gas and power alongside an increase in volume demand from customers. This led to an unforeseen increase in wholesale prices for the purchase of electricity.
Administrators' statement of proposals (2022-01-24) · Companies House register