Ecos Solar Nine Limited (07668026): administration
- Status
- Administration ended
- Administration began
- 2016-08-04
- Administrators
- Alex David Cadwallader, Neil A Bennett
- Administrators' firm
- Leonard Curtis
- Formerly
- Lwyl Services Limited; Furniture Plaza Ltd
- Incorporated
- 2011-06-13
- Location
- London
- Industry
- 47599 Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store
Why it went into administration
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 13 June 2011 and did not trade por to the purchase of the below mentioned assets The Company latterly traded from premises at Bayheath House, Petts Wood, Kent
In October 2015, the Company purchased, by way of an asset sale agreement (“ASA’), a portfolio of solar domestic photovoltaic (“PV") systems from Soventix GmbH, Paul O’Bnen Solar Installations (SW) Limited and Solar Sun 6 Limited (together “the former owners”) The portfolio has an installed capacity of 134m Wp generating a 12 month gross revenue of approximately £250,000 per annum in respect of Funds in Tanff (“FIT”) payments
Each installed system ts secured under a lease agreement with the homeowner with FIT terms of either 20 or 25 years, the mayonty of which have been in place for 3-4 years FIT's are the electncity part of what the industry calls “clean energy cashback”, a scheme that pays people for creating their own "green electncity’ The tanffs were introduced by the Government to help increase the level of renewable energy tn the UK
Administrators' statement of proposals (2016-10-06) · Companies House register