Tempus Energy Technology Ltd (09255104): administration
- Status
- Administration ended
- Administration began
- 2020-01-06
- Administrators
- Andrew Howard Beckingham, Siann Huntley
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2014-10-08
- Location
- Cardiff
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Brexit
From the administrators' statement
3.1 Tempus Energy Technology Ltd (TETL) was established in October 2014. At establishment its trading location was 31 Oval Road, Camden, London, NW1.
3.2 The company invested in Tempus Energy Ltd (TE), a company already established and acquired 90% of the shares of TE. TE had been working to develop algorithms that would predict the closing market price of the UK electricity system. TE was funded by S Bell. TE was awarded a Technology Strategy Board grant to develop a prototype to predict the closing market price for the UK electricity system.
3.3
Administrators' statement of proposals (2020-03-04) · Companies House register