Simple Energy: Sequoia Investments (UK)

(asked on 24th 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, pursuant to the Answer of 16 June 2022 to Question 16806 on Simple Energy: Insolvency, what was the source of the payments from Simple Energy to Sequoia Investments referenced in the Monthly Investor Report from Sequoia Investment Group dated 29 April 2022.


Answered by
Greg Hands Portrait
Greg Hands
This question was answered on 29th June 2022

Payments made by Simple Energy are a matter for the administrators of Simple Energy. Payments under the Transitional Service Agreement between Bulb and Simple Energy cover services necessary to preserve and continue the business of Bulb such as Information Technology, services, and employees.

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