LNB News 12/05/2025
Document Information
Issue Date: 12 May 2025
Published Date: 12 May 2025
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Insolvency Service has announced a High Court winding up order against Renugen Limited, a Kent-based renewable energy products retailer, following an investigation. The order was issued after investigators identified £74,570 in undelivered orders affecting 34 customers, with only £15,265 refunded. The investigation revealed the company had continued trading while reporting no activity between 2021-2023, conducted £48,000 in unexplained cryptocurrency transactions (unrelated to renewable energy products), and had six business bank accounts, of which two had been closed due to scam complaints. The Official Receiver has been appointed as liquidator of the company.
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