Together Energy Limited (SC533489): administration
- Status
- Administration ended
- Administration began
- 2022-02-04
- Administrators' firm
- FRP Advisory
- Incorporated
- 2016-04-25
- Location
- Glasgow
- Industry
- 47990 Other retail sale not in stores, stalls or markets
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Energy costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 28 July 2016 under company number SC533489, with its registered office at Erskine House, North Avenue, Clydebank Business Park, Clydebank, G81 2DR. It is a private company limited by shares and wholly owns as 100% subsidiaries Together Energy (Retail} Limited (also in Administration) and Bristol Energy Limited (“BEL”) (together known as the “Group”).
During 2020, the Company acquired the customer base of BE2020 Limited (formerly known as Bristol Energy), doubling the size of the operation. The Group thereafter had approximately 175,000 customers across approximately 300,000 meter points.
The Company is the primary operating entity. It employs all staff, provides the operational services to trade including finance, IT and billing services, customer management, and is the contracting party for the wholesale gas and electric supply. TERL is the energy supply licence holder and contracts with the customers and industry suppliers. BEL is dormant.
Administrators' statement of proposals (2022-03-30) · Companies House register