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Biomass firm considers liquidation

Small-scale biomass developer Bioflame has called creditors to a meeting to discuss its potential liquidation.

Seen by MRW, the notice states that the meeting will be held on 23 September at the offices of its business recovery and rescue specialist Begbies Traynor (Central) LLP.

The message has been signed off by Bioflame director Victor Buchanan.

It states that the meeting is being held to consider the company’s statement of affairs, to appoint a liquidator and, if necessary, a liquidation committee.

Bioflame’s webpage is no longer active and when MRW tried calling the office number the dial tone was dead.

Following investment from cleantech energy fund ESB Novusmodus, Bioflame had plans to roll-out its small-scale generators to 17 MRFs, for which it had received planning permission. It had built two biomass generators and two more were under construction at the end of 2010.

 

Readers' comments (1)

  • I saw Bioflame as a good project and LWaRB initially approved a scheme we developed to go forward in 2009. No monies were forthcoming and we could not proceed. The result is the failure of a good technology that could only succeed with ongoing support until a number of plants operated successfully. I can only presume Bioflame's pockets were not deep enough for the time necessary to become self sustaining.

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