Ripple Energy Limited (in Administration)

Important Notice

Ripple Energy Limited (the Company or Ripple) entered Administration on 17 March 2025. Administrators from specialist insolvency firm Begbies Traynor have been appointed to manage the Company’s affairs, business and property.

As the Company is in Administration, it is unable to issue a refund to investors or suppliers under ordinary terms of business. Please be advised that whilst Ripple Energy Limited (CRN: 10565718) is in Administration but there is no insolvency process affecting any of the co-operatives currently.  We are reviewing the position in relation to the co-operatives and their investors, and an update will be provided in due course on this website.

The Administrators’ proposals will provide further detail regarding the background to the administration appointment, the sale of certain assets to 1st Energy Technologies Limited (CRN: 14950685), the Administrators’ proposed administration strategy, and dividend prospects for each class of creditor. The Administrators’ proposals will be filed at Companies House and circulated to creditors via the creditors’ portal within eight weeks of the appointment of the Administrators.

Notice of Administrators appointment

Key things you should know

• The Administrators completed a sale of the certain assets of the Company to 1st Energy Technologies Limited (CRN: 14950685) on Thursday 3 April 2025. Further detail will be provided in the Administrators’ proposals in due course.
• Administration is a legal process. The Administrators are officers of the Court and their role is to collect in the Company’s assets and distribute these to creditors
• Customers are encouraged to regularly monitor this dedicated webpage https://www.begbies-traynorgroup.com/ripple-energy-limited for further updates

Administrators’ contact information

Please do not call the offices of Begbies Traynor. The Administrators will provide updates via this dedicated website and further information should be sought in the first instance from https://www.begbiestraynorgroup.com/ripple-energy-limited. Should you wish to contact the Administrators you may email [email protected].

FAQ’s

What is Administration?

Administration is a formal insolvency process that typically lasts 12 months. It is generally used to maximise the value of assets and achieve a better outcome for creditors. The procedure facilitates an orderly wind down of a company’s affairs.

What is meant by insolvency?

This is when a Company is unable to pay the people or entities it owes money too.

What is a creditor?

A creditor is any person or entity that is owed money.

What is an asset?

Assets can be physical things like a machine, computer or car. Or non-physical things like intellectual property or goodwill. Cash is also treated as an asset.

Are you in contact with Ripple management?

Ripple management is actively assisting the Administrators and we are in regular dialogue with them.

I think I am a creditor of Ripple, what should I do regarding submitting my claim?

Please complete a proof of debt form and this will be noted on our system. The Administrators will update you in due course regarding sums owed, however, please send correspondence to [email protected] in the first instance. Please also continue to monitor this website page for further updates.

When will I hear from the Administrators?

Periodic updates will be provided on this dedicated webpage for the Administration. The Administrators encourage you to monitor the webpage for further updates and information. The Administrators proposals will be available to creditors within 8 weeks of the Administrators appointment.

Can I speak to the person in charge?

A dedicated mailbox has been set up for those affected by the Administration of Ripple. In the first instance, we politely ask that you direct your queries to the email address [email protected]. This mailbox is being monitored by the Administrators staff and they will endeavour to answer your queries as soon as possible.

However, due to the volume and similarity of enquires, certain queries will be addressed through updates on the Administrators’ website. Please monitor the website for latest updates at https://www.begbiestraynorgroup.com/ripple-energy-limited. The Administrators will provide further updates once in a position to do so.

I’m an investor in the Graig Fatha Wind Farm Project (Graig Fatha Coop Limited), Kirk Hill Wind Farm Project (Kirk Hill Coop Limited), or Derril Water Solar Park Project (Derril Water Solar Coop Limited), what can I do?

The responsibility for the management of these projects transferred to 1st Energy Technologies Limited (CRN: 14950685) on the sale of the certain assets of the Company to 1st Energy on Thursday 3 April 2025. If you have not been already, you will be contacted by 1st Energy Technologies Limited (CRN: 14950685) shortly.

I’m an investor in the Whitlaw Brae Wind Farm Project (Ripple Coop 4 Limited), what can I do?

The Whitlaw Brae Wind Farm Project was not included in the sale to 1st Energy Technologies Limited (CRN: 14950685). However, the Administrators are continuing to work towards a solution for the stakeholders in this project and if anything is achieved, further details will appear on this website. If you consider that anything is due to you from Ripple Energy Limited, you should complete and return a proof of debt form to make a claim as an unsecured creditor in the Administration. As the Company is in Administration, it is unable to fulfil its obligations to Ripple Coop 4 Limited under the management agreement. You should contact Ripple Coop 4 Limited directly for details regarding the future progression of the Whitlaw Brae Wind Farm Project.

Can I make a claim to recover the money I have paid?

The Administrators cannot advise you whether you have a claim to recover anything you paid to Ripple Energy Limited, and you should seek legal advice concerning your rights. However, if you believe that you are entitled to a refund for anything paid to Ripple Energy Limited you might consider one of the following opportunities. The Administrators give no guarantee that any claim you do make will be successful.

If you paid by credit card:

If the amount paid is less than £100, you may be able to initiate a chargeback process with the credit card provider, however, there is no guarantee that monies will be recovered with this process. If you paid over £100, a claim can be made under Section 75 of the Consumer Credit Act (“Section 75”). Section 75 is legal protection for UK consumers whereby the lender (in this case, the credit card provider) is jointly liable with the retailer for monies owed. Claims brought under Section 75 must be made within 6 years of the date of payment, or in the case of non-receipt of goods, within 6 years of the date that goods should have been received. Please contact your bank or financial institution directly to explore what options may be available to you in this regard. Further information including on time limits that apply is available from https://www.ukfinance.org.uk/our-expertise/cards/chargeback-and-section-75.

If you paid by debit card:

You may be able to contact your debit card provider with a view to making a chargeback claim for the effective sums outstanding. However, this will differ between organisations and will be subject to the date of the payment, and the individual procedures, policies and insurance of your bank or financial institution. Please contact your bank or financial institution directly to explore what options may be available to you in this regard. Further information including on time limits that apply is available from https://www.ukfinance.org.uk/our-expertise/cards/chargeback-and-section-75.

If you paid by PayPal:

If you paid via PayPal, we understand that you have 180 days from the date of payment to open a dispute. We would advise that you should open a dispute with PayPal directly, and as soon as reasonably possible.

If you paid by finance:

If you paid for your course via a regulated finance agreement, please contact the finance provider directly regarding the options which may be available to you under Section 75 of the Consumer Credit Act 1974.

What should I do if I cannot recover my money from my bank, financial institution, or payment processor?

If you are unable to recover your monies from the above, you may make a claim in the Administration as an unsecured creditor using a proof of debt form. The Administrators are required to adjudicate such claims and to admit them or reject them for the purposes of distributions for creditors. Any distribution to creditors depends on sufficient money being realised by the Administrators in the administration. Please be aware that there are complicated rules and procedures concerning the adjudication and distributions to creditors which mean that any distribution to those creditors with valid claims is unlikely to paid quickly.

What is an unsecured creditor?

The order in which creditors are ranked in administration, is set out in the Insolvency Act 1986. An unsecured creditor is the lowest ranking creditor in the order of priority and payment will only be achieved if all other creditors, who rank before unsecured creditors in the order of priority, are discharged in full, along with costs of the administration. Please refer to the following article for further information regarding the order of payments in an insolvency scenario: https://www.begbies-traynorgroup.com/articles/insolvency/who-gets-paid-first-when-a-company-goes-into-liquidation

I have not received any documentation regarding the Administration to date? How do I access these documents?

We have circulated all trade and consumer creditors, former employees and shareholders, according to the details provided to us by the directors of the Company. If you have not received any correspondence, it may be that the Company’s records were not up to date. This does not prejudice your position as a creditor of the Company or any claim that you wish to submit. If you have not received any correspondence from the Administrators and believe that you have a claim, please email [email protected] with your full name and contact details and all relevant correspondence will be sent to you.