# Moltex Energy Limited (10501719)

> Why UK company 10501719 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10501719

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10501719/filing-history/MzQ2NDQyNDI4M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10501719

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