Green Supplier Limited (11042716): administration
- Status
- Administration ended
- Administration began
- 2021-09-30
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Green Energy Supply Limited; Virginia Energy Limited
- Incorporated
- 2017-11-01
- Location
- Brighton
- Industry
- 35140 Trade of electricity
Why it went into administration
- Regulatory change or action
- Energy costs
- Cash flow / liquidity pressure
- COVID-19
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 1 November 2017 with the name Virginia Energy Limited, it changed its name to Green Energy Supply Limited on 26 February 2019 and then to Green Supplier Limited on 16 August 2019.
As at the date of administration the Company employed 72 people and operated from office premises in Newcastle upon Tyne.
The Company was a retail energy supplier, providing gas and electricity supplies to 202,243 domestic customers, gas only to 2,769 domestic customers and electricity only to 54,013. domestic customers. In addition, the Company also supplied energy to a small number of non-domestic customers. The Company had no energy generating capacity of its own and, as a result, it purchased all electricity and gas needed for consumption by its customers from other participants in the wholesale market.
Administrators' statement of proposals (2021-11-16) · Companies House register