# Future (Drigg) Ltd (10202837)

> Why UK company 10202837 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10202837

- **Status:** Administration ended
- **Administration began:** 2021-09-17
- **Administrators' firm:** Interpath Advisory
- **Formerly:** FSW Wind Limited
- **Incorporated:** 2016-05-27
- **Location:** Northampton
- **Industry:** 35110 Production of electricity

## Why it went into administration

- Cash flow / liquidity pressure
- Property / lease costs
- Parent or group failure
- Regulatory change or action

## From the administrators' statement

The Company was incorporated in May 2016 with the aim of delivering a substantial source of income whilst simultaneously encouraging an ethical and sustainable approach to electricity generation. It is one of nine wholly owned subsidiaries of Future Renewables Eco PLC (“FRE plc”), eight of which have been placed into administration (together “the Group”).

Each subsidiary, including the Company, was constituted to operate wind turbines at a single site. One subsidiary has two sites, and hence the eight subsidiaries in administration have nine sites in total (three in Scotland; two in England; and four in Northern Ireland). Each site has a single turbine including the Company’s leasehold site (“the Site”) in North West England, other than one which has two turbines, making ten turbines in total.

The Group did not have any employees but instead outsourced its maintenance, operational, administrative and accounting functions. The Group structure is as follows with all of the subsidiaries shown being 100% owned by FRE plc, and all subject to administration proceedings. A ninth subsidiary continues to operate under the control of its directors.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10202837/filing-history/MzMxNzg5Nzg1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10202837

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.