Liquidators appointed to Sheffield energy supplier

Interpath Advisory will run the liquidation process of Nabuh Energy

Pathway to COP26 report

As the energy crisis cripples the energy retail market, it has been announced that Managing Directors of Interpath Advisory have been appointed as joint liquidators of Nabuh Energy Limited.

Two months ago, Ofgem revoked the electricity supply licence held by Nabuh Energy as it had failed to make payments of its annual Renewables Obligations.

In March, British Gas announced the acquisition of the challenger energy brand.

However, the proceeds of the sale were ‘insufficient’ to enable the Sheffield-based firm to cover all its debts.

Rick Harrison, Joint Liquidator and Managing Director at Interpath Advisory, said: “We continue to see the fallout from issues that have been affecting the UK energy sector for some time.

“Our immediate priority is to realise the remaining assets of the business, primarily deferred sale consideration and make a distribution to creditors in due course.”

If you enjoyed this story you can sign up to our weekly email for Energy Live News – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the future Net Zero newsletter. 

Latest Podcast