With 300% hikes in energy costs, UK bakeries are on the brink of insolvency, says new report

New analysis suggests 12 energy firms have negative assets on their balance sheets

Research alleges that the Founders of People’s Energy may receive this amount once the business’s creditors are paid off

Love Energy Savings has taken over Energy Helpline which fell into administration in April

The German Government has confirmed it will put the company into long-term administration

The company has allegedly averted insolvency after meeting a key monthly deadline

Together Energy is reportedly in talks with professional services firm to raise additional capital

The company serves nearly 250,000 customers

The news comes after the steel company, which directly employs around 5,000 people, collapsed into insolvency in May after months of financial pressure