FRP appointed administrators of Together Energy
Allan Kelly, Steve Ross and Michelle Elliot, partners at specialist business advisory firm FRP, have been appointed as joint administrators of Together Energy Limited.
Allan Kelly and Anthony Collier of FRP have also been appointed to its wholly-owned subsidiary Together Energy (Retail) Limited.
The companies operated the Together Energy and Bristol Energy brands and were a domestic and business energy supplier that ceased supply on 23rd January 2022 as a result of the significant increase in wholesale energy costs affecting the UK energy market.
In order to ensure continued customer supply, the industry regulator Ofgem, began a Supplier of Last Resort (SoLR) process and appointed British Gas as the new supplier for existing Together Energy and Bristol Energy customers. The joint administrators will now continue to work closely with British Gas to ensure that all customers transfer across to the new supplier smoothly.
Michelle Elliot, joint administrator, said: “The challenges facing the UK energy sector have been well-documented and Together Energy, like many other operators, was unable to navigate through the difficulties caused by the significant increase in wholesale energy costs.
“As Joint Administrators our initial focus is continuing to trade the companies to provide final accounts for customers and ensure a smooth transfer to British Gas. Customers are requested to provide their final meter reads to Together Energy as soon as possible to help this process.
“The joint administrators are currently reviewing the operations and, where employees of Together Energy are to be made redundant, we will be supporting them in making claims to the Redundancy Payments Service at what we know will be an extremely difficult time. We will also be undertaking our statutory duty to maximise any potential returns for creditors and will provide them with an update in due course.”