Thurlestone-Riverside Solar Ltd (07867547): administration
- Status
- Administration ended
- Administration began
- 2013-11-06
- Administrators
- Benjamin John Wiles, Paul David Williams
- Administrators' firm
- Kroll
- Incorporated
- 2011-12-01
- Location
- London
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
Statutory information on the Company and a summary of its financial history is included at Appendix 1
The Company Is a special purpose vehicle which was incorporated in December 2011 and operates in the renewable energy market contracting out the installation of roof mounted photovoltaic panels to social housing builders and receiving the FIT Income arising from the Solar Panel Installations
Since incorporation, the Company has installed and maintains a contractual interest in 1,026 roof mounted solar panels across various properties owned by Riverside, covering locations such as Carlisle, Liverpool, Manchester and Leicester The installation of these panels was classified as Phase 1 of a larger project on behalf of Riverside, the outcome of which was dependent in part on the success of Phase 1
Administrators' statement of proposals (2014-01-03) · Companies House register