Taxpayers face £1.7bn bill to bail out collapsed energy supplier Bulb
High Court says effective nationalisation of seventh-biggest provider is 'the only show in town' as energy crisis takes latest scalp
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High Court says effective nationalisation of seventh-biggest provider is 'the only show in town' as energy crisis takes latest scalp
Bulb, Britain's seventh-biggest energy supplier, is facing collapse within days amid eleventh-hour talks between the government and the company's biggest secured creditor.
Senior managing director Ian Wormleighton, director Benji Dymant and Daniel Butters, CEO of Teneo Restructuring were appointed as joint administrators of
Bulb, Britain's seventh-biggest energy supplier, is facing collapse within days amid eleventh-hour talks between the government and the company's biggest secured creditor.
The government is accelerating contingency plans for the collapse of Bulb, Britain's seventh-biggest domestic energy supplier - a demise that would mark by far the biggest insolvency of the crisis engulfing the sector.