Britishvolt owed £160m at its collapse; Recharge Industries acquired Britishvolt for just £8.5m say administrators

Britishvolt collapsed owing about £160 million to unsecured creditors who are unlikely to see a significant dividend from the company’s insolvent estate, while the company’s business has recently been sold to Recharge Industries for approximately £8.5 million, a far cry from the £200m raised by Britishvolt in equity and loans in just over three years. More from Business Matters and Prolific North.