CE Carmarthenshire 1 Limited (09887933): administration
- Status
- Administration ended
- Administration began
- 2019-02-21
- Incorporated
- 2015-11-25
- Location
- Manchester
- Industry
- 35110 Production of electricity
Why it went into administration
- Cash flow / liquidity pressure
- Regulatory change or action
From the administrators' statement
3.1 The Company was incorporated on 25 November 2015 with Matthew Stevenson being appointed as the sole director. The Company’s authorised share capital on incorporation was 1 Ordinary £1 Share and the sole shareholder was also Matthew Stevenson.
3.2. The Company was incorporated as a Special Purchase Vehicle (“SPV”) in order build and manage an anaerobic digestion (“AD”) plant. The SPV was to form part of a group of companies primarily under the control of a company calied Clean Energies Investor Limited (“CEI”), of which Matthew Stevenson was also director. The group was structured such that share ownership of the SPV was not to be held directly by CEt, but by another vehicle, in this instance this was Silver Biogas Limited (“Silver”) and on 15 February 2016 the 1 Ordinary £1 Share owned by Matthew Stevenson was transferred to Silver for a nominal value.
3.3. The AD plant was to use the AD process to treat sileage feedstock in the absence of oxygen, producing a biogas that could then be used to generate electricity and heat. This electricity could then be sold off to the British National Grid.
Administrators' statement of proposals (2019-05-09) · Companies House register