Petalite Limited (08987637): administration
- Status
- In administration
- Administration began
- 2025-12-05
- Administrators
- Geoffrey Paul Rowley, Simon Baggs
- Administrators' firm
- FRP Advisory
- Incorporated
- 2014-04-09
- Location
- London
- Industry
- 27200 Manufacture of batteries and accumulators
From the administrators' statement
As previously noted, the Company was experiencing significant funding challenges following the withdrawal of support from its majority shareholder.
On 27 October 2025, the Company’s Chief Commercial Officer, Ben Huggon, introduced the management team to Ben Hughes of FRP. Following an initial meeting, the directors instructed FRP to assist with the preparation of a sales memorandum and to undertake an accelerated marketing process in order to seek new investment in the Company. Accordingly, a letter of engagement was signed on 30 October 2025, which included the following scope of work:
1) Preparation of a list of potential purchasers ("Interested Parties") to approach with the opportunity.
Administrators' statement of proposals (2026-02-04) · Companies House register