Greenstorc Ltd (10815333): administration
- Status
- Administration ended
- Administration began
- 2022-12-16
- Administrators
- Steven Illes, Michael Colin John Sanders
- Administrators' firm
- MHA
- Incorporated
- 2017-06-13
- Location
- London
- Industry
- 35140 Trade of electricity
Why it went into administration
- Property / lease costs
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Rising interest rates
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and creditors and not from my personal knowledge as Administrator.
The Company was incorporated on 13 June 2017 with Paul Flynn and Ryan Lanham as the appointed Directors. The Company is the parent of GS Storc Power | (UK) Ltd (GS Storc). Please note that GS Storc also went into Administration on 21 December 2022 and Manjit Shokar and Michael Sanders are the appointed Joint Administrators.
As detailed above, the Company is the parent of GS Storc and operated as an unregulated investment scheme in the trade of electricity and the development and installation of electricity related products and technology. Its primary trading activity was the development of clean power plants to enable the electricity generated to be sold at premium green energy tariff rates which in turn would create healthy profits. The Company commenced development of heat-to-power technology which aimed to generate electricity 24 hours a day from heat sources resolving many of the reliability issues associated with solar and wind power.
Administrators' statement of proposals (2023-02-08) · Companies House register