Entrade Energy Ltd (09773090): administration
- Status
- Administration ended
- Administration began
- 2018-10-15
- Administrators
- Lee Causer, Christopher Marsden
- Administrators' firm
- EY
- Incorporated
- 2015-09-11
- Location
- Birmingham
- Industry
- 33190 Repair of other equipment
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Parent or group failure
From the administrators' statement
AEL and AEOL were both incorporated in September 2017 and EEL was incorporated in September 2015. The Companies are part of a wider international group set up to develop and market combined heat and power-based renewable energy technology.
An additional UK based group entity, Green Growth Power Limited (“GGPL’), also entered into Administration on 15 October 2018 with Jeremy Willmont and Neville Side, both of Moore Stephens LLP, being appointed Joint Administrators. It is also understood that various other group entities have also entered into insolvency processes relevant to their respective jurisdictions.
The principal trading activities of AEL and EEL relate to the production of high quality A1 wood pellets and briquettes for supply to biomass energy customers, undertaken from facilities located in Andover, Hampshire and Grangemouth, Falkirk respectively. As at the date of administration, AEL’s briquette line had been decommissioned (but was previously operational).
Administrators' statement of proposals (2019-01-03) · Companies House register