Green Energy Geothermal International Limited (09512859): administration
- Status
- Administration ended
- Administration began
- 2018-07-10
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2015-03-26
- Location
- Birmingham
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Over-expansion / investment not recovered
- Pension deficit
From the administrators' statement
The Company's business was founded in 2008, before being incorporated as a limited company at Companies House, in the UK, on 26 March 2015. Its headquarters are based in London, UK, but its subsidiaries trade from locations across the globe, namely Iceland, Indonesia, Singapore, Kenya and Norway.
The Company is the parent of its various subsidiaries, which all specialise in the supply of flash type modular geothermal wellhead power plants, designed and delivered to its customers on a turnkey basis. The Company and its subsidiaries (“the Group") developed a unique and patented power plant system, which is prefabricated in ready modules and commissioned on site in a matter of months.
The Company's founding directors have a wealth of experience within the green energy market the Group operates in, specifically the design, engineering, project management and operation of geothermal plants. The Company's directors are drawn from both investment banking and the engineering sectors, and a number are also appointed directors of GEG UK and the Company's other international subsidiaries.
Administrators' statement of proposals (2018-09-04) · Companies House register