Extra Energy Supply Limited went into administration on 4 December 2018. The company was based in Birmingham and supplied over 80,000 customers.
Prior to its administration, the company was being investigated by Ofgem for alleged breaches of the energy market rules and regulations following complaints by customers about high bills and an inadequate complaints procedure. The company also owed a significant amounts to Ofgem's Feed in Tariffs scheme.
In June 2021 the administration was converted to a creditors' voluntary liquidation. The liquidators have reported receiving unsecured creditor claims in excess of £200 million.
Following an investigation by the Insolvency Service, disqualification proceedings were brought against the director, Mordechay Ben-Moshe, to prevent him from being involved in the promotion, formation of management of a company. His disregard for the energy market rules and regulations were cited as a ground of unfitness.
On 16 November 2023 the Insolvency Service issued a press release confirming that the Secretary of State has accepted a 6 year voluntary disqualification undertaking from Mr Ben-Moshe.
Voluntary undertakings are an important part of the Company Directors Disqualification Act 1986. They allow disqualification proceedings to be resolved quickly and in a cost effective manner. It may also be possible, in certain circumstances, to negotiate a reduction to the period of disqualification.
If you are facing disqualification and require assistance, please contact Rachel Brown (Senior Associate) in our Restructuring and Insolvency Team to find out how we can help.
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