Clean Energies Investor Limited (09544432): administration
- Status
- Administration ended
- Administration began
- 2018-06-15
- Incorporated
- 2015-04-15
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated on 15 April 2015 with Gregor Shaw, Patrick Jubb and Matthew Shaw being the appointed directors shortly after incorporation on 24 April 2015 as the Company was purchased as an ‘off the shelf’ company. The Company on incorporation had 1,000 Ordinary £1 Shares and they were issued to Munificent Financial Limited, Mary Cruickshanks, Malcolm Cruickshanks, Raymond Cruickshanks and Karin Jimenez in the sums of 400, 175, 50, 175 and 75 respectively.
The Company was set up in order to raise and then provide debt funding to connected companies in the renewable energy market whose particular focus was in the Anaerobic Digestion (“AD”) industry that are either constructing or developing waste to energy plants. These connected company plants benefit from long term supply agreements that benefit from Governmental guarantees including the Feed-in Tariff and Renewable Obligation Schemes.
CEI intended to raise funds to do this by issuing bond instruments thereby creating a debt due from the company to the ‘investor’.
Administrators' statement of proposals (2018-08-24) · Companies House register