Reveles Energy Limited (09163306): administration
- Status
- In administration
- Administration began
- 2021-11-01
- Administrators
- David Robert Acland, Anthony Collier
- Administrators' firm
- FRP Advisory
- Formerly
- The Energy Checking Company Limited
- Incorporated
- 2014-08-05
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- COVID-19
- Cash flow / liquidity pressure
- Weather / natural events
From the administrators' statement
The Company was incorporated in 2014 and traded as an energy comparison provider to SMEs and had relationships with a large number of energy providers.
The Company employed 30 employees at its leasehold premises in Tyne & Wear, all of whom were on furlough until the end of October.
The business generated revenue through commission payments from energy suppliers which were triggered when a customer introduced by the Company entered into a contract with the provider. Revenues were earned from both new customer sign-ups and the renewal of existing customers.
Administrators' statement of proposals (2021-11-15) · Companies House register