Aceleron Limited (10344567): administration
- Status
- Administration ended
- Administration began
- 2023-09-12
- Administrators
- Martyn Rickels, Simon Farr
- Administrators' firm
- FRP Advisory
- Incorporated
- 2016-08-24
- Location
- Manchester
- Industry
- 27200 Manufacture of batteries and accumulators
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 24 August 2016 and traded as a UK based manufacturer and developer of lithium batteries, with patented technology focused on sustainability.
The Company had 10 employees and operated from leasehold premises located at Leask House, Hanbury Road, Stoke Prior, Bromsgrove, B60 4JZ. The Company also utilised contractors based in China and India.
The Company has a wholly owned subsidiary called AceleAfrica, which is based in Kenya and employed two members of staff, however AceleAfrica has not entered an insolvency process and continues to trade as normal.
Administrators' statement of proposals (2023-11-10) · Companies House register