# Integra Energy (UK) Ltd. (SC448003)

> Why UK company SC448003 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC448003

- **Status:** Administration ended
- **Administration began:** 2019-05-03
- **Administrators:** Kenneth Wilson Pattullo, Kenneth Robert Craig
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2013-04-18
- **Location:** Glasgow
- **Industry:** 35140 Trade of electricity

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency

## From the administrators' statement

integra Energy (UK) Limited was incorporated in April 2013 providing utility deal placement services to gas and electricity customers (usually SME businesses) for a larger utility broker, Online Direct Limited (‘OD’). The company placed these new utility deals though this broker and in exchange, the company earns commission on those deals through an agency agreement when the underlying customer switched supplier. For any future deals, OD, paid a portion of the likely commission due on the placing of the deal with OD.

Should customers not switch, OD are able to reclaim commissions previously paid to Integra Energy (UK) Limited in the form of a ‘clawback’ which means that previously paid commission is offset against future payable commissions. As a result, the pipeline of commission is a constantly changing schedule of expected future commissions and adjusted clawbacks.

During mid 2018, the company saw a series of failed deals resulting in a build up of large OD clawback claims. This led to cashflow problems for the company and to the non-payment of HMRC fiabilities which related to the failed commission on the clawed back deals. Discussions between the director and HMRC broke down and revised VAT and PAYE returns could not be submitted ahead of HMRC taking further action.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC448003/filing-history/MzI0MTIyNjcwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC448003

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