Simple Liquidation blog

Some big news has just hit the UK renewable energy sector – Ripple Energy has entered administration. If the name rings a bell, it’s likely because Ripple Energy was the company that gave everyday people the chance to invest in wind and solar farms to power their homes with clean, green energy. It was an excellent idea that combined saving money with supporting clean energy. But now, due to financial difficulties, Ripple Energy has hit a challenging period and has called in administrators. In this blog, we look at what happened and, more importantly, what it means for its customers and the broader green energy movement in the UK. Launched in 2017, Ripple Energy brought a fresh approach to renewable energy. Instead of buying green electricity from a supplier, customers could own a share of a wind or solar farm. Using a co-operative model, the organisation allowed people to invest directly in clean energy projects and receive savings on their energy bills based on the power their share g...

Personal guarantees and director liabilities in insolvent contracts are issues that many directors must face at some point. The insolvency of a company can create significant challenges, and understanding the personal liabilities that directors may face is essential in navigating these situations. This blog post will explore personal guarantees, how they relate to director liabilities in insolvent contracts, and what directors should be aware of when their company enters insolvency. Personal guarantees are legal promises by company directors or owners to personally repay a business debt if the company fails to meet its financial obligations. Essentially, a director’s personal assets, such as property or savings, can be at risk if they’ve given a personal guarantee for a loan or contract entered into by the company. Personal guarantees are common in cases where small or medium-sized businesses borrow money from banks, suppliers, or lenders and may be required to offer personal guarantee...