HEL (Realisations) 2026 Limited (07100256): administration
- Status
- In administration
- Administration began
- 2026-03-12
- Administrators
- Edward Williams, Ross David Connock
- Administrators' firm
- PwC
- Formerly
- Hive Energy Limited; Hive Telecom Limited; Euphony Telecommunications Limited
- Incorporated
- 2009-12-10
- Location
- Leeds
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
We provide below a high level summary of the Company's background and the reasons giving rise to our appointment. More detail on both these areas, including the alternative options considered is included in our detailed sale Appendix at Appendix D.
The Company was incorporated in 2009 and operates from its headquarters in Romsey. The Company develops renewable energy projects (principally solar parks) across the UK, Europe and internationally. The Company's operations involve purchasing the right to lease or acquire land and undertaking the legislative requirements to develop a solar farm. Once these required elements are completed, the project is considered Ready To Build (“RTB”) and the Company sells the bundled agreements and permissions to a developer for them to build the solar farm..
For each project that the Company undertakes it creates a new subsidiary, or SPV, through which all permit applications and agreements are made. Project costs are capitalised to the balance sheet. If all required permissions are obtained and the project is a viable proposition for a developer, the Company recovers the project costs when the SPV is sold, alongside its profit share.
Administrators' statement of proposals (2026-04-30) · Companies House register