# WE ARE Electric Limited (11794128)

> Why UK company 11794128 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11794128

- **Status:** Administration ended
- **Administration began:** 2025-09-26
- **Administrators:** Carrie James, Nicholas Parsk
- **Administrators' firm:** FRP Advisory
- **Incorporated:** 2019-01-29
- **Location:** Slough
- **Industry:** 66190 Activities auxiliary to financial intermediation n.e.c.

## Why it went into administration

- Regulatory change or action

## From the administrators' statement

The directors advised that the Company had become insolvent due to a combination of the following factors:

• The failure of the latest equity round to generate sufficient interest to meet the Company's financing needs.

• The volatility in the electric car market, leading to volatile pricing and demand.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11794128/filing-history/MzQ4ODY4MjQzNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11794128

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.