# Brilliant Energy Supply Limited (09263540)

> Why UK company 09263540 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09263540

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09263540/filing-history/MzIzMjk4MzYxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09263540

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.