Plug pulled on SMEs' electricity supplier
E4B enters adminstration: SMEs' electricity supply safe
An electricity supplier to 40,000 small businesses has entered
administration.
Administrators from PricewaterhouseCoopers were appointed to Electricity 4
Business yesterday evening.
E4B is a Milton Keynes-based independent electricity retailer to SMEs, which
employed 140 people.
Volatility in the energy market was the cause of the company’s demise, said
joint administrator Stuart Maddison.
The company will be wound down but customers will not be affected.
‘We will be working closely with OFGEM to ensure an orderly wind down of the
company’s activities and would like to reassure E4B’s customers that the
administration will not affect their supply of electricity,’ added Maddison.
Further reading:
Business queues up for ‘intensive
care’ units
Tom Aikens restaurants out of
administration after MBO