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Re: Energy companies collapse
Quote:
Quote from The Sun Money: CUSTOMERS are being warned that Bulb could be the next energy supplier to go bust.
The UK's seventh largest energy firm is reported near collapse, risking leaving 1.7 million customers in the dark.
Sky News reports that officials and regulators are on standby for Bulb to announce it will cease trading as early as next week.
It would be the latest in a string of providers to collapse.
There were reports that Bulb was near to collapse last month as it emerged the firm was seeking funding.
But The Sun now understands hopes of a rescue deal could be fading.
One company which was considering a takeover of Bulb has reportedly says the firm has liabilities of around £1bn, which made a "solvent takeover of the company hard to envisage".
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Not quite in the dark as the lecky will still be there.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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