Social Energy Supply Ltd (10300609): administration
- Status
- Administration ended
- Administration began
- 2021-11-23
- Administrators
- Richard John Harrison, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Dirac Energy Supply Limited
- Incorporated
- 2016-07-28
- Location
- Leeds
- Industry
- 35140 Trade of electricity
Why it went into administration
- Funding withdrawn / unable to refinance
- Regulatory change or action
- COVID-19
- Energy costs
- Sustained trading losses
- Rising costs / inflation
- Creditor pressure / legal action
From the administrators' statement
The Company supplied gas and electricity to approximately 5,600 domestic customers in the UK with a focus on providing smart energy from renewable sources. It traded from a serviced office in Gloucester (where the Company’s former staff were located), with Group operations based in Brighouse. The Company had 23 employees all of whom transferred to SEL subject to TUPE Regulations prior to our appointment on 22 November 2021.
We understand the majority of customers were provided services by other entities within the Group (in addition to the supply of electricity and gas), and that the vast majority of customers had a solar panel system with storage batteries which were installed by third parties. This system utilised certain technology owned by the Group that allowed electricity to be exported back onto the national electricity grid, which would then be offset against customers’ energy bills if applicable. SEL continues to provide grid services to its customers.
The Company was licensed by Ofgem to supply gas and electricity to customers. It also holds a dormant gas shipper licence. The Company did not have its own energy generating capacity. In addition to electricity generated by its customers through solar panels, the Company purchased additional electricity and gas on a wholesale basis from two key suppliers.
Administrators' statement of proposals (2022-01-11) · Companies House register