By Paul Homewood
h/t Ian Magness
Britain’s New Green Economy Booming!!
The company that promised to buy collapsed UK gigafactory Britishvolt has been hit with a winding up petition as creditors chase it for unpaid wages and other monies owed.
Recharge Industries UK, led by Australian entrepreneur David Collard, was issued with a winding up demand by Tom Cowling, a former board member at Britishvolt and its chief governance officer, court records show.
Mr Cowling spent two years at Britishvolt, leaving in August last year, according to his LinkedIn profile. He declined to comment. Details of the winding up petition were not publicly available.
It is the latest legal action against Recharge, which promised to buy the assets of Britishvolt out of administration and revive the project but has struggled to follow through.
Administrators EY said in February that the prospective buyer remained “in default of the business sale agreement” and has yet to pay the full £8.75m owed under the deal. Work on developing the site has remained in limbo.
via NOT A LOT OF PEOPLE KNOW THAT
March 14, 2024 at 07:00PM
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