PFP Energy Supplies Limited (09135694): administration
- Status
- Administration ended
- Administration began
- 2021-09-24
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Places For People Energy Supplies Limited; Iridium Energy Supply Limited
- Incorporated
- 2014-07-17
- Location
- Brighton
- Industry
- 99999 Dormant Company
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- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
PFPES was incorporated on 17 July 2014. The Company is a wholly owned subsidiary of PFPE, and was headquartered in Preston, Lancashire.
As detailed in section 2, PFPE provided the operating platform to allow PFPES service its customers, as such PFPES had no employees.
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