Why the Former Director of Extra Energy Supply is Banned from Running a Business?

As experts in liquidation and insolvency, we’ve witnessed various cases where directors face repercussions for mismanagement or regulatory non-compliance. A particularly notable case is that of the Former Director of Extra Energy Supply, Mordechay Maurice Ben-Moshe, who was recently banned from running a business for six years. This case offers crucial lessons for business directors and stakeholders.


Who were Extra Energy Supply?

Extra Energy Supply Ltd, trading as Extra Energy, was an independent energy supplier in the UK. Catering to domestic and small business customers with gas and electricity, it was a part of Extra Holding, a group involved in various sectors like telecoms, travel, insurance, and energy. Despite a modest customer base of 108,000 domestic and 21,000 business clients, the energy supplier ceased trading in 2018.


Background of Extra Energy Supply’s Collapse

Before delving into the specifics of the ban, it’s important to understand the context. Extra Energy Supply Ltd was a significant player in the UK energy market, supplying around 130,000 households and businesses. The company’s journey into administration marked a significant failure in the energy sector, particularly in terms of regulatory compliance and financial management.



The Role of the Former Director

The Former Director of Extra Energy Supply, Ben-Moshe, was at the helm during this challenging period. His role as a director was not just to steer the company towards profitability but also to ensure the industry regulatory framework was adhered to. This responsibility is a cornerstone of corporate governance, especially in a sector as critical and regulated as energy.


Read Why the Former Director of Extra Energy Supply is Banned from Running a Business?


Location: United Kingdom

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