Home Business UK electric car company collapses into administration
Business

UK electric car company collapses into administration

Share


Electric vehicle (EV) charging company EO Car Chargers collapsed earlier in April after it experienced “challenging trading conditions in recent years”, the business said.

Bosses say it had been been loss‑making following an overseas expansion into the US, Australia, New Zealand and Italy.

EO Car chargers builds EV charging infrastructure, software and round-the-clock repair and incident support services.

It also partnered with Oxford-based EV Charging Company to provide charging stations to households and businesses across Oxfordshire.

READ MORE: Geri Halliwell ‘mourning old life’ in frank revelation

Edward Williams, joint administrator and partner at PwC, said: “It’s regrettable that the company has been left with no option but to enter administration and that 69 employees have sadly been made redundant.

“The administrators are looking to assist customers in smoothly transitioning to alternative suppliers with the support of the remaining employees, before winding down the company in an orderly manner and seeking to optimise the value of its assets.”

EO Charging has manufactured more than 85,000 chargers and deployed 13,000 commercial charging stations across around 35 countries globally.

The remaining workforce not made redundant (69 of the 93 have lost their jobs) will remain at the company to help with its wind down.

Edward Williams, Ross Connock and Victoria Hatton of PwC were appointed joint administrators of EO Charging, the trading name of Juuce Limited on April 8.





Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Business

UK Tax Authority to Make Foreign Branch Exemption Mandatory | Paul Hastings LLP

On 21 May 21 2026, HMRC published a policy paper proposing significant...

Business

How much personal data is in my car and what can I do about it?

What will you leave behind when you sell your car, hand it...

Business

UK to challenge EU over ‘devastating’ plans to almost halve tariff-free steel import quotas | Steel industry

The UK business secretary, Peter Kyle, is to raise concerns about EU...

Business

Amazon boss refuses AGAIN to come clean about online giant’s UK tax bill

The head of online giant Amazon in the UK claims revealing full...