Koko Networks (UK) Limited (11941342): administration
- Status
- In administration
- Administration began
- 2026-02-19
- Administrators
- Mark James Tobias Banfield, Rachael Wilkinson, Adam Seres
- Administrators' firm
- PwC
- Incorporated
- 2019-04-11
- Location
- Leeds
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- Parent or group failure
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
- Regulatory change or action
From the administrators' statement
The Company is part of the wider Group which was engaged in the supply of clean cooking fuel (bioethanol cooking fuel) and equipment (bioethanol-based cookstoves) and trading in carbon credits. The Group is headquartered in Mauritius, where KNL serves as the ultimate parent entity. The Group operates across Kenya, the United Kingdom, Mauritius, Rwanda and India, with its primary operating entity being KNK.
The Company was incorporated on 11 April 2019 and is a wholly owned subsidiary of Koko Networks Limited Mauritius LLC. KNUK’s principal activity was the commercialisation of carbon credits generated by the Kenyan operations and performing supporting functions on behalf of the group.
KNK manufactured double burner ethanol stoves, smart reusable fuel canisters, and bioethanol dispensing machines and sold these products to low-income households in Kenya. These cooker stoves were priced below their manufacturing and distribution cost and KNK operated at a loss. Carbon credits arose as a result of the emissions foregone when consumers transitioned from traditional fuels (e.g. coal) to bioethanol and the Group sought to subsidise the cost of the cooker stoves through the retail of certified carbon credits. Credits generated in KNK were transferred to KNUK for verification and onward sale to subsidise the operations of KNK. KNUK was the primary interface with international carbon markets.
Administrators' statement of proposals (2026-04-23) · Companies House register