THE operations of an energy company which collapsed last year have been wound down after all 226 staff were made redundant.

Southampton-based Igloo Energy was one of a string of suppliers which went into administration as a crisis in the industry took hold last year.

The latest update from administrators says 187 staff were kept on temporarily but were given notice just before Christmas and had their contracts terminated on January 31 this year.

“The wind down of all operations, redundancies of all staff and vacation of the company’s premises is now complete,” their report said.

Igloo’s 179,000 customers were transferred to E.ON when it ceased trading last September. Its bosses said the market was “no longer sustainable” for the company.

In their latest report, Rob Crozen and Jonny Marston, joint administrators at Alvarez & Marshall Europe, said 39 staff had been made redundant soon after their appointment.

The remaining 187 were kept on for four months to support the transfer of business to E.ON before being given their notice on December 22.

Customer account balances totalling £57million were honoured by E.ON.

The transitional services arrangement which allowed the moving of accounts to E.ON has been extended to July 31 this year.

“Based on current estimates, we anticipate that the unsecured creditors should receive a dividend. We have yet to determine the amount of this, but we will do so when we have completed the realisation of assets and the payment of associated costs, together with the adjudication of claims,” the report said.

“At this stage, we anticipate the most likely exit route from administration will be creditors’ voluntary liquidation. This will enable the joint liquidators to make a distribution to the company’s unsecured creditors.”

Igloo, based at Mountbatten House in Grosvenor Square, was founded in2017 and rose to the top of customer service rankings.

At the time of its collapse, co-founders Matt Clemow and Henry Brown said the wholesale price of energy in the UK had risen fivefold in recent months and that the firm’s core business of energy retail “operates in a market that is sadly no longer sustainable for Igloo”.

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