Major vitality agency on verge of going bust as prospects worry for future over directors discover

A huge energy firm is on the brink of collapse, leaving 20,000 customers in jeopardy. Ripple Energy issued a notice to appoint administrators on Monday, it has been reported.

Bosses are currently working with restructuring experts at the finance firm Begbies Traynor to find a way to secure the business, however the future of its customer base remains unclear.

For those unaware, a Notice of Intention (NOI) is a document filed in court stating a company’s intention to appoint administrators in an attempt to save the business from liquidation – or collapse. Often, companies file these notices in the hope of getting a rescue bid.

According to its website, Ripple Energy says most of its “members” aim to own enough renewable energy to cover 100% of their home’s electricity consumption.

A spokesperson told The Sun: “On March 17, 2025, Craig Povey and Gareth Prince of Begbies Traynor were appointed as Joint Administrators to Ripple Energy Limited.

“The Joint Administrators are in advanced discussions with a number of interested parties.

“Ripple Energy will continue to trade while the Joint Administrators seek a suitable buyer of the business and it is anticipated that there will be no disruption to the service during the sale process.”

It is not currently known which major energy firm would perform a rescue operation and buy the customer base, however as the company required customers to buy shares for £25 as part of its business model, the rules around what happens in this case are unclear.

The website explains: “Your cost is a one-off payment that funds construction. We will never ask you for more money. Once built, your share of the solar park or wind farm is fully insured against damage and malfunction.”

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