A supplier of residential charging points for electric vehicles has gone bust after falling victim to the global automotive supply chain crisis.
Sky News understands that Muller EV, which trades under the name Andersen EV, called in Interpath Advisory as administrators earlier this week.
Launched in 2016, Andersen EV supplied and installed charging infrastructure to households across the UK.
City sources said that Interpath had run an urgent search for a buyer in recent weeks but that this process had been unsuccessful.
Information circulated to prospective buyers under the code-name Project Kellock suggested that Andersen EV had strong long-term growth prospects through contracts with major carmakers such as Jaguar Land Rover and Porsche.
Last year, the company recorded revenues of just £6m.
Roughly 40 employees have been made redundant as a result of the insolvency.
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Responding to an enquiry from Sky News, Will Wright, an Interpath Advisory executive, said: “Companies up and down the automotive supply chain have been experiencing a myriad of issues over the past 12 to 18 months, and Andersen EV was unfortunately no different.
“We will be providing assistance to those employees who have been impacted by redundancy, and will also be seeking purchasers for the Company’s assets, including plant and machinery.”
