PFP Energy Limited (08994981): administration
- Status
- Administration ended
- Administration began
- 2021-09-24
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Places For People Energy Limited
- Incorporated
- 2014-04-14
- Location
- Brighton
- Industry
- 35140 Trade of electricity
Why it went into administration
- Regulatory change or action
- Energy costs
- Cash flow / liquidity pressure
- COVID-19
- Rising costs / inflation
- Funding withdrawn / unable to refinance
From the administrators' statement
PFPE was incorporated on 14 April 2014. The Company is a wholly owned subsidiary of Sands Investments Limited and was headquartered in Preston, Lancashire with approximately 50 employees.
As noted in Section 3 above, the Company's sole purpose was to provide an operating platform to allow its wholly owned subsidiary, PFPES, to service its customers. PFPES was licensed by Ofgem to supply gas and electricity to domestic and non-domestic premises per the terms of the contracts entered into with its customers.
PFPES supplied gas and/or electricity to approximately 82,000 customers.
Administrators' statement of proposals (2021-11-24) · Companies House register