Evergreen GAS Limited (07757763): administration
- Status
- Administration ended
- Administration began
- 2015-09-02
- Administrators
- Dean Watson, Ian Mcculloch
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-08-31
- Location
- Preston
- Industry
- 38210 Treatment and disposal of non-hazardous waste
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 31 August 2011 It operated from rented premises In Ludlow completing the design and installation of small scale anaerobic digestion plant systems The systems were smaller than 250kw and were typically installed in farms and rural communities, allowing customers to process digestive matter in order to extract energy supplies
At the date of administration there were 24 ongoing contracts at various stages of completion and the Company employed 36 members of staff
The initial business plan for the Company was to provide their clients with the ability to install and operate small scale anaerobic digestion systems secured through a 20 year feed in tanff (“FIT”) contract with OFGEM 1 UK Government This would provide payback to the customer in a period of 7 to 8 years based on current tanffs Unfortunately, the onginal design which was at the very early stages of development had encountered difficulties and a number of failings were identified during installation These project issues prevented completion of G59 commissioning, being the authorisation to connect a generator to the National Grid, and as a consequence the customers were unable to commence the supply of electricity or receive income under the FIT
Administrators' statement of proposals (2015-10-26) · Companies House register