Corre Energy Ltd (12521409): administration and why it failed

Corre Energy Ltd (12521409): administration

Status: Administration ended
Administration began: 2025-05-19
Administrators: Louise Longley, Julian Pitts
Administrators' firm: Begbies Traynor
Incorporated: 2020-03-17
Location: Leeds
Industry: 82990 Other business support service activities n.e.c.

Why it went into administration

HMRC / tax arrears
Cash flow / liquidity pressure
Creditor pressure / legal action

From the administrators' statement

APPOINTMENT

The financial difficulties leading to the Company’s current financial position arise from a legacy liability owed to HMRC and the intercompany debt position. This issue surfaced during a group-wide financial and organisational restructuring, initiated in August 2024.

Following the restructure, the new management team had understood that the Company had entered into

Administrators' statement of proposals (2025-06-12) · Companies House register

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