Brilliant Energy Supply Limited (09263540): administration
- Status
- Administration ended
- Administration began
- 2019-03-15
- Administrators' firm
- Begbies Traynor
- Formerly
- Nickel Energy Supply Limited
- Incorporated
- 2014-10-14
- Location
- London
- Industry
- 35110 Production of electricity
Why it went into administration
- Regulatory change or action
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
The Company began incurring losses during the course of 2018, which by March 2019 had accumulated to circa £4.5M, principally as a result of
+ High costs of energy procurement resulting in poor margins;
• High fixed overheads to service a relatively low customer base; and
Administrators' statement of proposals (2019-04-26) · Companies House register