# Daisy Energy Supply Ltd (09689195)

> Why UK company 09689195 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09689195

- **Status:** Administration ended
- **Administration began:** 2020-12-07
- **Administrators' firm:** Deloitte
- **Incorporated:** 2015-07-16
- **Location:** Birmingham
- **Industry:** 35140 Trade of electricity

## Why it went into administration

- Regulatory change or action
- Cash flow / liquidity pressure
- Competition / price pressure

## From the administrators' statement

AS a comparatively new energy supply business, the Company's strategy to grow the customer base required third party investment to support the working capital requirements and provide a platform for the Company to begin to trade profitably.

Whilst Yorkshire Energy had been growing its customer numbers, it did not achieve the critical mass to deliver a breakeven result.

This was primarily due to high wholesale energy procurement costs given movements in wholesale markets; increases in certain regulatory costs; limited access to working capital and funding to facilitate growth in its customer base.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09689195/filing-history/MzI5MDIwODg5N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09689195

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