Pure Planet Limited (09735688): administration
- Status
- Administration ended
- Administration began
- 2021-10-19
- Administrators' firm
- PwC
- Formerly
- Tulip Energy Supply Limited
- Incorporated
- 2015-08-17
- Location
- Leeds
- Industry
- 35140 Trade of electricity
Why it went into administration
- Regulatory change or action
- Energy costs
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
PPL was incorporated on 17 August 2015 and changed its name from Tulip Energy Supply Limited to Pure Planet Limited on 20 March 2017. PPL was a retail utility, supplying gas and electricity to approximately 235,000 domestic Members under the licence it held with Ofgem to supply gas and electricity to domestic and non-domestic Members.
PPL supplied gas and electricity to the UK mainland market, excluding Northern Ireland. It was formed with the concept of providing the UK energy market with a clear proposition to its Members; clean and sustainable energy including renewable electricity from wind, water and sun and all gas being carbon offset. PPL had a strategic focus on building a scalable technology platform, BlueMarble™, using ‘best-in-breed’ industry service providers. The business has 196 salaried employees who are employed by PPL’s parent company, BMHL.
BlueMarble™ is PPL’s proprietary technology platform and underpinned its digital proposition, providing Members with a fully digital customer experience that legacy competitors find difficult to replicate. The platform reduces the need for staff intervention and enables a market-leading, low cost-to-serve.
Administrators' statement of proposals (2021-12-20) · Companies House register