KPMG appointed administrators of Spark Energy Supply
Blair Nimmo and Alistair McAlinden of KPMG have been appointed as joint administrators of Spark Energy Supply, the energy supply subsidiary of Spark Energy.
Ovo Energy has separately acquired Spark Energy and intends to retain its brand as well as its operations and teams in Selkirk, Edinburgh and Horsham.
Spark Energy Supply has no employees and no other part of the Spark Energy group is affected by it going into administration.
Mr Nimmo, head of restructuring at KPMG, said: “Major changes in the energy sector have been well-documented and, unfortunately, Spark Energy found itself unable to avoid the challenges it, and other similar suppliers, have faced.
“Against this backdrop, it is to their credit the Spark team has been able to navigate a route through these challenges, securing a continuation of service for its customers and protecting employees.”
He added: “Our role now, as administrators to Spark Energy Supply Ltd, is to work with those customers who owed money to the company to collect the outstanding balances. We will be working with Spark Energy and Ovo Energy to contact those customers shortly.”