Biomass Partners UK Limited (08780761): administration
- Status
- Administration ended
- Administration began
- 2018-07-31
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-11-19
- Location
- Cardiff
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
During the summer of 2013 Benjamin Grant and Colin Bennett held discussions and undertook market tesearch in Monmouthshire about the potential for establishing a business that would supply biomass heating equipment to commercial enterprises located in local rural locations such as care homes, hotels, farms and holiday lets. The research showed that there was an opportunity for a business that could offer to buy, install and operate renewable energy systems for enterprises that wanted to use renewable energy systems but lacked the expertise in this area and could not easily make a decision on which systems to purchase and from whom.
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The Company was incorporated on 19 November 2013 and trading began in January 2014. The directors were Colin Bennett, Ben Grant, Karen Smith and Robyn Hughes. Robyn resigned in 2016 in order not to have a conflict of interest by being appointed as auditor of Monnow Valley Biomass PLC (“MVB") which is a wholly owned subsidiary of the Company.
Administrators' statement of proposals (2018-09-27) · Companies House register