UK Energy Incubator HUB Ltd (09844783): administration
- Status
- Administration ended
- Administration began
- 2022-07-13
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Formerly
- Euston Energy Limited
- Incorporated
- 2015-10-27
- Location
- London
- Industry
- 35140 Trade of electricity
Why it went into administration
- Regulatory change or action
- Energy costs
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 27 October 2015 and traded under the name Euston Energy Limited until 3 September 2021. The Company subsequently changed its name to UK Energy Incubator Hub Ltd.
The principal activity of the Company was to act as a market enabling partner for its two white label partners in the corporate group, NEL and NEGSL, trading under the Neo Energy and Northumbria Energy brands respectively.
The Company was licensed by Ofgem to supply gas and energy to domestic and nondomestic premises in the United Kingdom. These licenses were granted in 2016.
Administrators' statement of proposals (2022-09-05) · Companies House register