Woodpecker Energy Limited (07569127): administration
- Status
- Administration ended
- Administration began
- 2014-05-13
- Administrators
- Simon Edward Jex Girling, Danny Dartnaill
- Administrators' firm
- BDO
- Formerly
- Pellets Limited
- Incorporated
- 2011-03-18
- Location
- Bristol
- Industry
- 25210 Manufacture of central heating radiators and boilers
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
WEL was formed in 2011 as a distributer of biomass heating systems and also provided operational support to Roundwood Energy Limited (“RWE”), a company associated by some common directorship and ownership who operated biomass installations at third party locations
WEL had been loss making since incorporation on 18 March 2011 and has been fully supported by its significant investor J Leon Trading Limited (“JLT”). The take up of heating system sales has fallen maternally below expectation, notwithstanding the incentives available.
In March 2014 JLT decided against continuing to support WEL, leaving WEL unable to meet its liabilities.
Administrators' statement of proposals (2014-06-18) · Companies House register