Edison Energy Limited (SC395042): administration
- Status
- Administration ended
- Administration began
- 2016-08-05
- Administrators
- Wilson Pattullo Kenneth, Gerald Maurice Krasner
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-03-08
- Location
- Glasgow
- Industry
- 43290 Other construction installation
Why it went into administration
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
From the administrators' statement
Edison Energy Limited was formed in 2011 in order to install sotar panels on social housing homes, with the feed-in tariff effectively meaning that the panels could be installed for free. However, the feedin tariff was significantly cut earlier this year as a result of a change in Government policy. The company has also been significantly impacted by a £190k bad debt incurred when an associated company went into liquidation. There were 26 employees of the company, operating from leased premises,
The floating charge holder, Oakapple Renewable Energy Limited, appointed the Joint Administrators on 5 August 2016. Edison Energy Limited ceased tracing on 5 August 2016.
THE ADMINISTRATION PERIOD
Administrators' statement of proposals (2016-11-07) · Companies House register