So many questions now present themselves, but the fact remains that Crouchland Biogas is in administration.
Crouchland Biogas Limited in administration
Administrators at FRP Advisory seek buyers for the biogas business while continuing to trade
Jason Baker and Alastair Massey, partners at FRP Advisory have been appointed as joint administrators to Crouchland Biogas Limited (“Crouchland Biogas” or “the Company”), a renewable energy producer from a plant in West Sussex. The joint administrators continue to trade the business and retain its 11 staff while seeking new investment and ownership.
The Company, based in Dunsfold, Surrey, has been producing energy since January 2010 from an anaerobic digestion plant at Crouchland Farm in Billingshurst, near Plaistow. Since inception the plant has produced over 106 GIga Watt hours of electricity, the equivalent power to heat over 100,000 British homes. Feedstock for the plant is sourced locally from the land on the farm and surrounding areas.
More recently the business has faced changes in the funding system for renewable energy coupled with pricing declines in the wholesale electricity market. Pressure on Crouchland Biogas' cash-flow became unsustainable under its current financial structure, leaving no viable alternative for ongoing trading other than to seek the protection of administration while marketing the business and assets for sale.
Administrators at FRP Advisory were appointed to the Company on 7 August 2017 and all 11 staff have been retained while new investment for the business is sought. The joint administrators will continue to evaluate the financial position of the Company in the interests of creditors.
Prior to entering administration the Company had lodged an appeal against an enforcement notice from Chichester District Council and against West Sussex County Council's refusal to grant retrospective planning permission for certain aspects of the plant at Crouchland Farm. A decision on those appeals is awaited.
Anyone want to buy it?! Our email address is email@example.com