GS Storc Power I (UK) Ltd (11704091): administration
- Status
- Administration ended
- Administration began
- 2022-12-21
- Administrators
- Steven Illes, Michael Colin John Sanders
- Administrators' firm
- MHA
- Incorporated
- 2018-11-29
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
- HMRC / tax arrears
- 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 and creditors of the Company and not from my personal knowledge as Administrator.
The Company was incorporated on 29 November 2018 with Paul Flynn as the appointed Director. The Company is the subsidiary of Greenstorc Limited (GSL). Please note that GSL also went into Administration on 16 December 2022 and Manjit Shokar and Michael Sanders are the appointed Joint Administrators.
GSL developed and explored the 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.
Administrators' statement of proposals (2023-02-08) · Companies House register