HBY Renewable Energy Ltd (SC527642): administration
- Status
- In administration
- Administration began
- 2025-01-29
- Administrators
- Benjamin John Wiles, Philip Joseph Dakin
- Administrators' firm
- Kroll
- Incorporated
- 2016-02-23
- Location
- Dundee
- Industry
- 35110 Production of electricity
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
Statutory information on the Company is included at Appendix 1.
The wind turbine was erected on leasehold land at High Blackwoodyards Farm, Lesmahagow, ML11 OJH pursuant to the terms of a lease agreement.
The Company was funded via a fixed term loan pursuant to a facility agreement with Close and at the Appointment Date, Close were owed £1.159m including interest, which is subject to fixed and floating charges over the Company. Further details in respect of Close’s security are detailed at Section 7 below.
Administrators' statement of proposals (2025-03-20) · Companies House register