Ripple Energy Limited (10565718): administration
- Status
- In administration
- Administration began
- 2025-03-17
- Administrators
- Craig Povey, Gareth Prince
- Administrators' firm
- Begbies Traynor
- Formerly
- Ripple Renewables Limited; Ansa Energy Limited
- Incorporated
- 2017-01-16
- Location
- Birmingham
- Industry
- 35110 Production of electricity
Why it went into administration
- Energy costs
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated in January 2017 and was set up to provide consumers an opportunity to lower its household energy costs by investing in green energy initiatives (predominantly solar energy) and collectively owning (via a co-op management agreement) part of a large-scale wind farm or solar park.
The Company entered into various agreements with energy suppliers, co-operatives and customers. The Company provided management service to the four co-operative societies and the associated special purpose vehicle entities.
Customers were able to purchase shares in the co-operative societies via the Company’s website offering. The Company also built and owned the technology platform that customers would utilise when managing their energy consumption.
Administrators' statement of proposals (2025-05-20) · Companies House register