Cenergist Limited - Administration

Cenergist Limited, the trading arm of Eneraqua Technologies (AIM:ETP), has had its water business sold via pre-pack administration.

Parent company Eneraqua Technologies cited a £1.2 million adjudication award and cash constraints as leading to the appointment of James Lumb and Howard Smith of Interpath as joint administrators.

Shortly following their appointment, Cenergist’s water business was sold to IMFD, whose executive team were shareholders in Eneraqua. 84 of the company’s 180 jobs have been saved.

Igf Business Credit and HSBC Bank have registered charges against the company.