On 17 January 2023, the Company entered Administration and Dan Christopher Hurd, Joanne Honor Robinson and Alan Michael Hudson, partners of EY Parthenon, were appointed as Joint Administrators (“the Administrators”). The appointment was made by the directors in accordance with paragraph 22 of Schedule B1 to the Insolvency Act 1986.
No other entity in the BritishVolt group is in Administration.
On 26 February 2023, the Joint Administrators completed a sale of the majority of the business and assets of the Company to Recharge Production UK Limited (“the Purchaser”) for an undisclosed sum.
Further information and documents regarding the Administration will be uploaded to this website in due course. Queries specifically relating to the Administration should be emailed to pbvadministration@uk.ey.com
Employees
The remaining employees of the Company have been transferred to the Purchaser, in accordance with the Transfer of Undertakings (Protection of Employment) Regulations 2006 (“TUPE”)
In the event that you were an employee of the Company and you require any further information or assistance in relation to the Administration, please contact the Administrators by email at pbvemployees@uk.ey.com
Investors/shareholders
It is anticipated that the creditors of the Company will not be repaid in full.
Given the above, it is expected that there will be no funds available for distribution to shareholders (and the Company’s shares have no value following the appointment of the Administrators).
I regret that no funds are available to maintain the register of members and it is not possible to register any transfers of shares or changes in shareholder details.
Creditors/suppliers
Please note that debts incurred by the Company before our appointment will claims against the Company. Any sums due to the Company arising after our appointment must be paid in full and without set-off against any debts incurred by the Company prior to our appointment.
If you wish to make a claim as a creditor, you may do so by requesting a Unique ID by sending an email to pbvadministration@uk.ey.com. Alternatively, you may complete and return the proof of debt claim form located in the 'Company Documents' section below and send it by email to pbvadministration@uk.ey.com, Please ensure that all documents in support of your claim are provided alongside your proof of debt claim form.
Media
For all media enquiries, please contact Seetle Dool (seetle.dool@uk.ey.com) or Rosanna Lander (rlander@uk.ey.com).
The affairs, business and property of the Company are being managed by the Joint Administrators, Daniel Christopher Hurd, Joanne Honor Robinson and Alan Michael Hudson, who act as agents of the Company only and without personal liability. As licensed insolvency practitioners, Daniel Christopher Hurd, Joanne Honor Robinson and Alan Michael Hudson are bound by the Insolvency Code of Ethics when carrying out all professional work relating to the Administration.
Daniel Christopher Hurd is licensed in the United Kingdom to act as an insolvency practitioner by The Institute of Chartered Accountants in England and Wales. Joanne Honor Robinson and Alan Michael Hudson are licensed in the United Kingdom to act as insolvency practitioners by The Insolvency Practitioners Association. As Insolvency Practitioners, they are bound by the Insolvency Code of Ethics in carrying out all professional work relating to the appointment.
The Joint Administrators may act as data controllers of personal data as defined by the UK General Data Protection Regulation (as incorporated in the Data Protection Act 2018), depending upon the specific processing activities undertaken. Ernst & Young LLP and/or the Company may act as a data processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment. The Office Holder Data Privacy Notice can be found at www.ey.com/uk/officeholderprivacy.
Privacy Collection Notice
EY collects personal data about you to perform its services relating to accountancy, restructuring and insolvency, and for the purposes set out in the ey.com Privacy Statement. EY may disclose that personal data to third parties that help us deliver our services, as required by law, or otherwise as set out in the ey.com Privacy Statement.
The ey.com Privacy Statement explains: (i) why EY needs your personal data; (ii) how EY stores and uses, and how you may access and correct your personal data; (iii) how you can lodge a complaint regarding the handling of your personal data; and (iv) how EY will handle any complaint. If you would like any further information about our privacy policies or practices, please contact us.
By providing your personal data to us, you consent to the collection, use, storage and disclosure of that personal data as described in the ey.com Privacy Statement.
When you provide personal data about other individuals to EY, you confirm that you have: (i) notified those other individuals about the collection and processing of their personal data; (ii) obtained their consent for the collection and processing their personal data (where required by law); and (iii) provided them with the ey.com Privacy Statement.
