Andrew Stone and Will Wright of KPMG have today been appointed Joint Administrators of Eversmart Energy Limited.
Manchester-based Eversmart Energy supplied gas and electricity to around 35,300 customers across the UK.
The company ceased trading and commenced a government-regulated process on 6th September, asby Ofgem. As a result of that process, Ofgem that all customers of Eversmart Energy have transferred to Utilita Energy Limited (“Utilita”).
At the date of the administration appointment, Eversmart Energy employed 41 members of staff who are being retained to work with Utilita to support the smooth transfer of customers.
Paul Berkovi, director at KPMG, said: “The numerous issues currently facing energy retailers are well-documented, and it is against this challenging backdrop that the director of Eversmart Energy asked the regulator to run a Supplier of Last Resort process, culminating in a transfer of customers to Utilita.
“We are pleased to have agreed a deal with Utilita that offers certainty to both customers and employees of the business, with this solution helping to protect supply and billing arrangements to 35,300 transferred customers, and the on-going employment of 41 staff.”
Any transferred customers who have an outstanding debt will be contacted to discuss repayment options by the new supplier.
Customers who had paid in advance to Eversmart Energy and who have transferred to Utilita will have that balance honoured by the new supplier. These customers will not be contacted by KPMG or any third party acting on its behalf.
Further information can be found on the Ofgem website.
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.