Green Biofuels Limited (08751533): administration
- Status
- In administration
- Administration began
- 2023-10-02
- Administrators
- Lucy Winterborne, Alan Michael Hudson, Kristopher Stewart Aspin
- Administrators' firm
- Ey
- Incorporated
- 2013-10-28
- Location
- Bristol
- Industry
- 46711 Wholesale of petroleum and petroleum products
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
Established in 2013, the Company is a supplier of biofuels to a range of customers across the UK, largely in the logistics, construction and marine industries. The Company’s principal product is Hydrotreated Vegetable Oil (‘HVO’), a ‘green’ alternative to diesel fuel. In FY22, the Company sold 175m litres of HVO.
The Company distributes fuel to customers across the UK from a network of bulk tanks located at third party terminals. This fuel is lifted directly from the terminals by the Company’s customers or delivered to smaller tanks stored at their sites via various third-party hauliers.
The Company operates out of its rented headquarters near Andover and a further satellite office base in London. On appointment, the Company had 36 employees.
Administrators' statement of proposals (2023-11-21) · Companies House register