One Select Energy Limited (10292626): administration
- Status
- Administration ended
- Administration began
- 2018-12-17
- Administrators' firm
- BDO
- Incorporated
- 2016-07-22
- Location
- Liverpool
- Industry
- 35120 Transmission of electricity
Why it went into administration
- Regulatory change or action
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
- Funding withdrawn / unable to refinance
From the administrators' statement
OSEL was incorporated on 22 July 2016. As recorded at Companies House, the principal trading activity of OSEL is the production, transmission and distribution of energy supply, however, it did not hold a gas or an electricity supply licence. The sole director of OSEL is Sathees Sampar.
OneSelect Limited (‘OSL’) was incorporated on 16 July 2015, a connected company with a common director and shareholders. Until 14 December 2018, OSL was licensed under the provisions of the Energy Act 2004 by the Gas and Electricity Markets Authority (Ofgem) to supply gas and electricity to domestic and non-domestic premises. Since entering the gas and electricity supply market in 2016, OSL had managed to secure approximately 33,000 domestic customer accounts.
OSEL and OSL both operated from leasehold premises situated at Reading Bridge House, George Street, Reading, RG1 8LS, and OSEL employed 26 members of staff.
Administrators' statement of proposals (2019-02-15) · Companies House register