Moltex Energy Limited (10501719): administration
- Status
- In administration
- Administration began
- 2025-03-17
- Administrators
- Richard Oddy, Jonathan Amor
- Administrators' firm
- Azets
- Incorporated
- 2016-11-29
- Location
- Manchester
- Industry
- 72190 Other research and experimental development on natural sciences and engineering
Why it went into administration
- Sustained trading losses
From the administrators' statement
MEL was incorporated on 29 November 2016 with Dr lan Richard Scott and John Stanley Durham appointed as directors, each owning 50% of the issued share capital.
The directors’ vision was to develop low-cost nuclear energy. They identified a gap in the market for a nonintermittent and clean source of energy that could displace fossil fuels on a cost basis.
In May 2017, MEL raised additional share capital investment of £1,030,960 by way of an initial funding round (Round B) at £20.00 per share.
Administrators' statement of proposals (2025-05-07) · Companies House register