Green Growth Power Ltd (10056064): administration
- Status
- Administration ended
- Administration began
- 2018-10-15
- Administrators
- Neville Side, Jeremy Mark Willmont
- Administrators' firm
- BDO
- Incorporated
- 2016-03-10
- Location
- Hatters Lane
- Industry
- 16100 Sawmilling and planing of wood
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Property / lease costs
- Parent or group failure
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 10 March 2016. The principal trading activities of GGPL were conducted from leasehold premises located in Knowsley, Liverpool, from which the Company developed and operated biomass and biogas generators with a view to achieving Renewable Heat Incentive (“RHI”) accreditation and Renewable Obligation Certificates (‘ROC’) with the Office of Gas and Electricity Markets (“Ofgem”).
GGPL is part of a wider international group set up to develop and market combined heat and power-based renewable energy technology.
Additional UK based group entities, Arensis Energy Limited (“AEL”), Arensis Energy One Limited (“AEOL”) and Entrade Energy Limited (“EEL”), entered into administration on 15 October 2018 with Lee Causer and Christopher Marsden, 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.
Administrators' statement of proposals (2019-01-03) · Companies House register