Electroflight Ltd (07485539): administration
- Status
- Administration ended
- Administration began
- 2022-07-04
- Formerly
- The Electric Aeroplane Company Ltd
- Incorporated
- 2011-01-07
- Location
- Bristol
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The Company was first established and incorporated in 2011 as the Electric Aeroplane Company Limited before changing its name to Electroflight Limited in 2013.
The Company operated from Hangar Se45 Gloucestershire Airport, Staverton, Gloucestershire GL51 6SP, as a technology and engineering services business focusing on high integrity bespoke battery systems for aerospace and defence. At the date of Administration the Company had 35 employees across design, manufacturing, qualification, quality and administration departments.
The Company had developed an aerospace battery systems capability to work with electric motors developed by YASA Limited, a British manufacturer of electric motors for use in automotive applications, as part of the ACCEL project (see below). In 2020 the Company won a major design, manufacture and test program with Volocopter that saw them deliver the battery system for their latest certification intent aircraft. This program required the Company to expand its capability and capacity to deliver ~-400kWh battery systems. The Company had a small number of live programs and engineering services demands, with a strong pipeline of interest and requests for information submitted with high quality customers. The Company had also begun development of its own modular battery system suited to R&D and development projects.
Administrators' statement of proposals (2022-07-21) · Companies House register