- Battery start-up Britishvolt owed up to £160mn to unsecured creditors when it collapsed in Jan.
- The company had just £1.8mn on the day it folded.
- EY, which advised Britishvolt on its business strategy, expects to rack up £3.5mn in fees running the administration process.
- The company owes an estimated £5.4mn in tax to the UK government.
- New owner Recharge Industries must reapply for a £100mn grant pledged by the UK government to Britishvolt.
Britishvolt owed up to £160mn to creditors when it collapsed
Battery start-up had just £1.8mn and no IP when it went into administration in January
Harry Dempsey
