# Franklin EV Limited (09672645)

> Why UK company 09672645 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09672645

- **Status:** Administration ended
- **Administration began:** 2021-09-15
- **Incorporated:** 2015-07-06
- **Location:** Wilmslow
- **Industry:** 35140 Trade of electricity

## Why it went into administration

- Management failings / irregularities
- Funding withdrawn / unable to refinance

## From the administrators' statement

Creditors should note that, unless otherwise stated, this section of our proposals has been prepared based on information provided to us by the directors of the Company and not from our personal knowledge as Administrators.

The company was incorporated in 2015 by Robert Byrne the founding director. It is our understanding that other directors became involved with the business and subsequently left and later Christopher Petch became involved as a director and shareholder.

The business required significant investment before any return would be seen and therefore the company was consistently insolvent on a balance sheet basis, however was supported by its investors who expected to make future returns once the business was established.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09672645/filing-history/MzMyMDk4OTAzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09672645

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