Future Energy Utilities Ltd (08500717): administration
- Status
- Administration ended
- Administration began
- 2018-01-31
- Administrators
- Matthew James Higgins, Steven Phillip Ross
- Administrators' firm
- RSM
- Formerly
- Sirocco Energy Supply Limited
- Incorporated
- 2013-04-23
- Location
- Newcastle upon Tyne
- Industry
- 35140 Trade of electricity
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Property / lease costs
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The brief background has been prepared from information provided by the directors and management of the company and is their responsibility. RSM Restructuring Advisory LLP has not carried out any verification of these comments and has no liability therein.
Future Energy (Supply) Limited (“Supply”) and Future Energy Utilities Limited (“Utilities”), together “Future Energy” were founded in 2015 with Supply holding the gas supply license and Utilities the electricity supply license. Utilities is 100% owned by Supply.
Future Energy traded from leasehold premises at 2 Esh Plaza, Sir Bobby Robson House, Great Park, Newcastie upon Tyne as a virtual electric / gas supplier to approximately 11,000 domestic customers.
Administrators' statement of proposals (2018-07-27) · Companies House register