Cardiff-based Amber Energy Solutions had been experiencing cashflow problems
Generic energy usage statement
Cardiff-based energy management consultancy Amber Energy Solutions has collapsed into administration resulting in nearly 140 staff being made redundant. The business provided energy consultancy and data services to multi-site property portfolios, landlords and infrastructure operators across the UK.
Amber Energy, which traded strongly in 2024, experienced cash flow challenges and a decline in revenues through 2025.
Matt Whitchurch and Jonathan Dunn of specialist business advisory firm FRP were appointed joint administrators.
Prior to appointment FRP said it undertook an accelerated marketing process to explore options for the business and its assets. While there was initial interest from a number of parties, only limited asset sales were ultimately achievable. A solvent sale was explored, but did not proceed after interested parties withdrew.
READ MORE: Former psychiatric hospital site in Carmarthenshire transformed into health and wellbeing campusREAD MORE: Leasing deal agreed for third huge floating offshore windfarm in the Celtic Sea
Immediately following their appointment, the joint administrators completed the sale of certain assets.
However, the sale did not provide for the transfer of the wider workforce and 138 of the company’s 143 employees have been made redundant. The joint administrators are supporting those affected with claims to the Redundancy Payments Service.
Mr Whitchurch, partner at FRP, said: “Amber Energy Solutions had established a well-regarded offering in its sector but was unable to overcome sustained cash flow pressures.
“We explored options to secure a wider going concern solution, however this was not achievable in the circumstances. While sales of certain assets have been completed, the majority of roles have unfortunately been made redundant.
“Our focus now is on supporting employees through the claims process and working to maximise recoveries for creditors.”
Its last published financial accounts with Companies House, for its l 2024 financial year, showed the business experienced a strong rise in revenues on the previous year from £9.51m to £11.43m. It also posted a rise in profit to £1.51m.
The business was set up in 2009 by Nicholas Proctor. It had featured in the Wales Fast Growth 50 initiative, an annual league table of the fastest-growing indigenous firms in Wales based on revenue growth.