BIO Green Energy Ltd (08378295): administration
- Status
- Administration ended
- Administration began
- 2017-05-12
- Administrators
- Julie Anne Palmer, Kenneth Wilson Pattullo
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-01-28
- Location
- Salisbury
- Industry
- 35110 Production of electricity
Why it went into administration
- Creditor pressure / legal action
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 28 January 2013. The Company's directors are Ryan McGee and Michael Evans. We also believe that Bryan McGee was acting as a de facto director.
The directors state that the Company was a holding company and has fifteen subsidiaries which specialise in green technology and anaerobic digestion.
However, the City of London Police seized ¢.£297k from the Company as the directors are suspected to have laundered criminal proceeds from a suspected investment fraud boiler room. The Company and directors are suspected of selling embellished or fictitious green energy investments mainly to retired investors through a boiler room operation.
Administrators' statement of proposals (2017-07-05) · Companies House register