Page 3 - Special Administrators News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On 3 March 2022, the Court appointed David Philip Soden, Ian Colin Wormleighton and Stephen Browne, all of Teneo, as Joint Special Administrators.

Bulb Energy Ltd Bulb was placed into special administration and considered the reasons why special administration was deemed necessary in Bulb’s case, as well as providing an overview of how special administration differs for energy suppliers.

NFP Leader questions who is the main signatory in the absence of Special Administrators

More stable and they take them over but the problem with that is it is not an appealing prospect for bigger energy companies because taking on those new customers is quite expensive because of the cost of gas at the moment, and then you have the energy price cap, a limit to how much they can charge customers, so there is some pressure. and then 0fgem could appoint special administrators to take over struggling firms, but that is only designed to happen once in a blue moon so that is under pressure as well, so they have to come up with a plan c with the industry for companies finding themselves...

They can charge customers, so there is some pressure there. and then 0fgem could come in and appoint special administrators to take over struggling firms, but that is only designed to happen once in a blue moon so that bit of the system is under pressure as well, so they have to come up with a plan c with the industry to deal with the sheer number of companies finding themselves in trouble. so that's the first thing they are trying to do — ensure the integrity of the system as a whole. secondly they have to address the chance of people who do transfer suppliers being hit by much higher bills...