💔 Cardiff-based Amber Energy Solutions has sadly entered administration, leaving 138 employees facing redundancy. Known for its energy consultancy and data services, the company was once a powerhouse in helping manage energy for landlords and infrastructure operators across the UK.
📉 Despite a thriving 2024, with surging revenues of £11.43m and profits rising to £1.51m, the following year brought significant cash flow headaches, leading to this unfortunate turn of events.
🤝 Administrators Matt Whitchurch and Jonathan Dunn of FRP were brought in, but despite a swift marketing effort to find buyers, only limited asset sales were achieved. A full sale of the business didn’t materialise as interested parties withdrew.
🛍️ While some assets found new homes, it wasn’t enough to save the jobs of the majority. Only five out of 143 positions remain, with administrators supporting ex-staff through the redundancy claims process.
🌟 Founded in 2009 by Nicholas Proctor, Amber Energy once shone brightly in the Wales Fast Growth 50 initiative, a beacon of rapid business development in the region.
Our hearts go out to everyone affected by this sudden closure. 💼✨
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