Electric vehicle (EV) home charger business, Muller EV, which trades as Andersen EV, has entered administration.
A statement issued on behalf of the administrators said that the company, incorporated in 2016, had experienced difficult trading conditions in part due to the supply chain issues affecting the automotive industry.
Will Wright and Nick Holloway from Interpath Advisory were appointed joint administrators to Muller EV earlier this week (October 11, 2022).
The joint administrators made 38 employees redundant immediately following their appointment.
A small number of employees have been retained by the administrators to assist them in their duties.
Will Wright, head of restructuring at Interpath Advisory and joint administrator, said: “Companies up and down the automotive supply chain have been experiencing a myriad of issues over the past 12 to 18 months, and Andersen EV was unfortunately no different.
“We will be providing assistance to those employees who have been impacted by redundancy and will also be seeking purchasers for the company’s assets, including plant and machinery.”