Orbit Energy Limited (09933313): administration
- Status
- Administration ended
- Administration began
- 2021-12-01
- Administrators
- Joanne Hewitt-Schembri, Paul Berkovi, Mark Granville Firmin
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Thistle Energy Supply Limited
- Incorporated
- 2015-12-31
- Location
- London
- Industry
- 35140 Trade of electricity
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 31 December 2015 with the name Thistle Energy Supply Limited. The Company changed its name to Orbit Energy Limited on 29 August 2017. The Company was formed as a joint venture between Energy Global Investments Pty Limited (an Australian company) and GEL. In late 2020, GEL acquired (indirectly) the full ownership of the Company.
The Company was a retail energy supplier, providing gas and electricity supplies to approximately 64,000 customers. The Company had no energy generating capacity of its own, but 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. The Company was headquartered in London with 27 employees at the date of our appointment (at that time, 11 employees had tendered their resignations — and a further two have tendered resignations following our appointment).
Administrators' statement of proposals (2022-01-24) · Companies House register