The sale provided a vital injection of cash into the collapsed energy company which filed for Chapter 11 protection in the US last weekend.
EDL, a subsidiary of Enron Europe Ltd which went into administration at the end of last week, has 160,000 business customers and a turnover of £190m.
Steven Pearson, one of the PwC administrators, said: ‘Centrica paid a price which reflected the assets in Enron Direct and included a significant goodwill payment which would have been lost if the business had collapsed.’
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