Top News

One of the UK's largest manufacturers of battery storage systems has filed a notice of intention to appoint administrators with the Insolvency and Companies list. The company designs and manufactures energy storage systems used by households and businesses in the UK and internationally. The filing was made on April 7 triggering a short moratorium under UK law which typically lasts up to 10 business days during which the company is protected from creditor action. This period allows time to explore options such as restructuring, refinancing, or a potential sale of the business.

At this stage, no administrator has been formally appointed, and there is no confirmed outcome for creditors, employees, or GivEnergy's ongoing operations. The move comes just days after the company informed customers it would introduce a new monthly fee for access to its software platform.

The charge was set to cover services including remote system access, historical performance data, automation features, and API integrations.

The company reportedly indicated the decision was driven by a growing user base combined with a slowdown in hardware sales, pointing to mounting pressure on its revenue model.

One customer said that the company had emailed its UK customer base on March 31 announcing that cloud portal access which was previously marketed as "free forever" in the company's own official sales brochures would become a paid subscription from May 2026.

They added: "Thousands of UK householders who paid several thousand pounds each for GivEnergy systems on the understanding that cloud access was included for life are now facing either subscription charges or a significant loss of functionality, and the company they bought from is about to enter administration."

The cloud software platform is understood to sit within a separate subsidiary, GivEnergy Software Limited, which is not named in the Notice of Intention filed by GivEnergy Ltd.

Accounts for GivEnergy Ltd for the year ending 31 December 2024, filed at Companies House in December 2025, show the company swung to a loss after tax of £5.4 million compared with a £4.8 million profit in the previous year. Among other key highlights of the year, however, the company said it has launched into South Africa and opened its first UK manufacturing facility.

The filings also indicate the business held just £41,470 in cash at the bank despite generating around £50 million in revenue over the period.

In terms of the business performance and review of the year, the company commented: "The Company experienced strong demand in the first half of the year as VAT exemption came into effect from 1 Feb. The company could not capitalise on the continued increase in demand second half of the year due to poor leadership and strategic decision of then CEO, who did not react to the threats posed by significant reductions in price of products from foreign competitors. Also there is a lack of governance from then Finance Director."

Midsummer Energy, one of the UK's largest wholesalers and one of GivEnergy's distribution partners has issued a statement addressing the company's potential insolvency.

The statement reads: "We wish to inform our customers and partners that GivEnergy Ltd has filed a Notice of Intention to Appoint an Administrator, a formal step in the UK insolvency process that typically precedes entry into administration.

"This development means we have serious doubts that GivEnergy will be able to continue honouring warranties or providing ongoing technical support, firmware updates, or spare parts for their products. As a result, we have de-listed GivEnergy products from our portfolio with immediate effect."

The Daily Express has contacted GivEnergy for comment.