From the administrators' statement

The Company was incorporated in 2008 to run a biomass power plant. Funding for the purchase of the Plant and subsequent capex was provided by the Bank who hold a QFC over the Plant Additional unsecured investment funding was also provided by the Company’s shareholder, Ventus 2 VCT plc

The Plant was installed in the Company’s leasehold premises at Bransdesburton, East Riding of Yorkshire and commenced trading mn 2010 Since commencement of trade the Plant has experienced technical issues resulting 1n restricted output and further investment funding being required ‘

In September 2011 the Company who designed the Plant entered liquidation and the Company’s management took the decision to switch the Plant off while a review of the technical issues the Plant was experiencing was completed

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Sandsfield Heat & Power Limited (06680941)

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