Green Energy Asset Management Ltd (09609310): administration
- Status
- Administration ended
- Administration began
- 2020-08-20
- Administrators
- Rehan Ahmed, Gary Bell
- Administrators' firm
- Quantuma
- Incorporated
- 2015-05-27
- Location
- Manchester
- Industry
- 27120 Manufacture of electricity distribution and control apparatus
Why it went into administration
- COVID-19
From the administrators' statement
Historically, the Company has incurred accounting losses. The nature of the Company’s business necessitated large up front capital injections to source client leads, assess opportunities, perform engineering assessments and proposals and effect an installation if viable and earn revenue. The Company was therefore reliant upon related companies to fund its continued trading. At the beginning of March 2020 the directors approached Quantuma Advisory Limited to undertake a review of the Company’s UK operation with a view to reorganisation of the business finances. 3.1
3.2
3.3
Administrators' statement of proposals (2020-11-02) · Companies House register