Devco 2017 Limited (10966605): administration
- Status
- Administration ended
- Administration began
- 2021-05-25
- Administrators
- Geoffrey Paul Rowley, David Frederick Shambrook
- Administrators' firm
- FRP Advisory
- Formerly
- Amber Energy Storage XL Limited
- Incorporated
- 2017-09-15
- Location
- London
- Industry
- 35110 Production of electricity
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 15 September 2017 as Amber Energy Storage XL Limited to operate as part of the Amber Infrastructure Group, which is a specialist in fund, asset and infrastructure investment management.
The Company is registered with the EMRDB to participate in auctions for contracts within the CM, subject to CMR.
The Amber Infrastructure Group is currently developing a 50MW battery at a site in Skelmersdale, Lancashire with Tesla who perform the role of EPC, O&M and battery trader. The Company’s main purpose was to enter contracts to undertake the battery project development.
Administrators' statement of proposals (2021-07-14) · Companies House register