Simple Energy: Insolvency

(asked on 13th June 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much has been paid in interest and loan repayments to Sequoia Economic Infrastructure Income Fund Ltd from Simple Energy while it has been under the Government Special Administration Regime.


Answered by
Greg Hands Portrait
Greg Hands
This question was answered on 16th June 2022

Simple Energy Limited was taken in to ‘ordinary’ (not special) administration by its secured creditor on the same day as Bulb Energy entered special administration. Three individuals from Interpath Advisory were appointed administrators of Simple Energy Limited.

No payments have been made to service loans to Simple Energy Limited from investors during the Special Administration Regime (SAR).

This is a matter for the administrators of Simple Energy Limited which is in ‘ordinary’ and not special administration.

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