Overview
- The Sun reports Tomato Energy filed a notice of intent to appoint an administrator, which triggers a 10-day freeze on creditor action.
- Coverage says the notice was lodged nine days ago, suggesting a formal administration move could be imminent.
- Ofgem on October 13 proposed a £1.5m fine for breaching requirements to maintain sufficient liquidity.
- The regulator had already barred the Basingstoke-based firm from taking new customers after probing debts above £3m.
- The company supplies roughly 12,000 to 14,000 customers, and Ofgem would transfer them to other suppliers if the business collapses.