# Tradewind Turbines Ltd (06947301)

> Why UK company 06947301 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06947301

- **Status:** Administration ended
- **Administration began:** 2013-11-19
- **Administrators:** Christopher Norman, Ian Walker
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2009-06-29
- **Location:** Exeter
- **Industry:** 35110 Production of electricity

## Why it went into administration

- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Property / lease costs

## From the administrators' statement

The text in this section of the Proposals has been taken from the SIP 16 Statement sent to all known creditors on 22 November 2013

The Company was established in December 2009 It was formed to develop and bnng to market a new design for a small vertical-axis wind turbine utilising sailing technology The project was partially initrated and funded by the Centre for Defence Enterprise In addition to the turbine development, the Company had a precision engineering business which was acquired in January 2011

The Company was funded by private capital investment from management, pnvate investors and business angels totalling £13 millon, Additional finance of £600,000 was secured by !oans from government

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06947301/filing-history/MzA5MDkzNTI3OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06947301

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