# NG 1 Power Ltd (09658553)

> Why UK company 09658553 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09658553

- **Status:** Administration ended
- **Administration began:** 2019-07-15
- **Administrators:** Daniel Christopher Hurd, Colin Peter Dempster
- **Administrators' firm:** Oxford Capital Partners
- **Incorporated:** 2015-06-26
- **Location:** Birmingham
- **Industry:** 35110 Production of electricity

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

The principal activity of the Company was the operation and management of a reserve power diesel generator plant to meet the demand of the National Grid and the energy market.

The Company operated from leasehold premises in Redditch, Worcestershire, which housed a 20-Megawatt ("MW’”) diesel power plant consisting of 10 separate containerised diesel generator sets rated at 2 MW each.

The Company generated income through the UK Capacity Market, Firm Frequency Response and generating electricity for the National Grid The Company also had the benefit of a revenue stream via an annual payment known as a “TRIAD payment”, which is a premium that the National Grid pays for generation during the TRIAD periods. TRIAD periods are defined as three half-hours of the highest demand on the electricity transmission system between November and February each year.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09658553/filing-history/MzI0NDkyMTA2MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09658553

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