UK electric car company in administration with £56m debt

Electric vehicle (EV) charging company EO Car Chargers fells into administration in April after it experienced “challenging trading conditions in recent years”, the business said.

Bosses say it had been been loss‑making following an overseas expansion into the US, Australia, New Zealand and Italy.

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EO Car chargers builds EV charging infrastructure, software and round-the-clock repair and incident support services.

It also partnered with Oxford-based EV Charging Company to provide charging stations to households and businesses across Oxfordshire.

Statement of affairs published this month by the administrators reveal the company has debts to the value of £56,023,386.76 to settle.

Employees and former employees are owed £852,811.64, the accounts also show.

When the business collapsed, the administrators confirmed 69 people lost their jobs.

Edward Williams, joint administrator and partner at PwC, said: “It’s regrettable that the company has been left with no option but to enter administration and that 69 employees have sadly been made redundant.

“The administrators are looking to assist customers in smoothly transitioning to alternative suppliers with the support of the remaining employees, before winding down the company in an orderly manner and seeking to optimise the value of its assets.”

EO Charging has manufactured more than 85,000 chargers and deployed 13,000 commercial charging stations across around 35 countries globally.

The remaining workforce not made redundant (69 of the 93 have lost their jobs) will remain at the company to help with its wind down.