Jim Godfrey, an adviser to the Secretary of State for Trade and Industry, is reported to have said: ‘We have acted swiftly when the full extent of financial difficulties became clear to us, but it is too early to say.’
‘The government is not ruling out administration for the company.’
In a statement the Department of Trade and Industry said the support package would last until 27 September ‘pending clarification of the company’s full financial position’.
‘No decisions have been taken, and no commitments have been given about support beyond this period,’ the DTI said.
A spokesperson for British Energy declined to comment on the financial position of the company, only to say that it was ‘in discussion with the government’.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children