GB Energy Supply Ltd (08500842): administration
- Status
- Administration ended
- Administration began
- 2016-12-06
- Administrators' firm
- BDO
- Formerly
- Altitude Energy Supply Limited
- Incorporated
- 2013-04-23
- Location
- Liverpool
- Industry
- 35140 Trade of electricity
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Rising costs / inflation
- Cash flow / liquidity pressure
- Over-expansion / investment not recovered
From the administrators' statement
The Company was incorporated on 23 April 2013 and operated from leasehold premises situated at 842-844 Garstang Road, Barton, Preston, PR3 5AA.
The Company operated under the concept of a ‘virtual energy supplier’ in that the majority of the Company’s operational functions were outsourced and managed centrally through its core team of head office staff
Until 30 November 2016, the Company was licensed, under the provisions of the Energy Act 2004 by the Gas and Electncity Markets Authonty (Ofgem) to supply gas and electric to domestic and non-domestic premises
Administrators' statement of proposals (2017-01-06) · Companies House register