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Second independent utility supplier closes
Independent electricity supplier BizzEnengy, whose customers included over 40,000 small and medium sized enterprises has entered administration.
Centrina, the owners of British Gas, have bought the company for £3.5m in cash. Although Centrina claim that customers will be largely unaffected, the closure of another independent supplier is being seen as a blow to small businesses.
The company was founded in 2000 and was one of the UK's largest independent electrical suppliers, with a turnover last year in excess of £175m.
BizzEnergy is the second independent utilities supplier to go out of business in recent weeks, following the collapse of Electicity4Business.
Post Date: November 4th, 2008
Centrina, the owners of British Gas, have bought the company for £3.5m in cash. Although Centrina claim that customers will be largely unaffected, the closure of another independent supplier is being seen as a blow to small businesses.
The company was founded in 2000 and was one of the UK's largest independent electrical suppliers, with a turnover last year in excess of £175m.
BizzEnergy is the second independent utilities supplier to go out of business in recent weeks, following the collapse of Electicity4Business.
Post Date: November 4th, 2008
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