Igloo Energy Supply Limited (09812716): administration
- Status
- Administration ended
- Administration began
- 2021-10-07
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Pioneer Energy Limited
- Incorporated
- 2015-10-07
- Location
- Brighton
- Industry
- 35140 Trade of electricity
Why it went into administration
- Regulatory change or action
- Cash flow / liquidity pressure
- Energy costs
- COVID-19
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 7 October 2015 with the name Pioneer Energy Limited and changed its name to Igloo Energy Supply Limited on 22 December 2016. The Company is wholly owned by Lightbulb and was headquartered in Southampton with approximately 226 employees.
The Company was a retail energy supplier, providing gas and electricity supplies to 150,427 domestic customers, gas only to 82 domestic customers and electricity only to 37,878 domestic customers. The Company had no energy generating capacity of its own. Asa result, it purchased all electricity and gas needed for consumption by its customers from other participants in the wholesale market. The Company was licensed by Ofgem to supply gas and electricity to domestic premises.
Funding and financial position of the Company
Administrators' statement of proposals (2021-11-11) · Companies House register