Eversmart Energy Ltd (09310427): administration
- Status
- Administration ended
- Administration began
- 2019-09-13
- Administrators
- William James Wright, Howard Smith
- Administrators' firm
- KPMG
- Formerly
- Energyq Limited
- Incorporated
- 2014-11-13
- Location
- Manchester
- Industry
- 35140 Trade of electricity
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company was incorporated in November 2014 under the name of EnergyQ Limited. In June 2016, the Company changed its name to Eversmart Energy Ltd and the principal activity of the Company was the supply of energy to mainly domestic customers but with a small number of commercial customers as-well.
The Company traded from leased premises in Manchester and at the date of our appointment only had one director, Barnaby Cook.
Prior to our appointment, the Company employed 86 employees. However, on/around 3 September 2019 the Director resolved to make 44 employees redundant. A further 41 employees transferred to Utilita under the TUPE Regulations following the completion of the SoLR process referenced at Section 3.1.
Administrators' statement of proposals (2019-11-15) · Companies House register