Energy consultancy firm Amber enters administration
Welsh energy consultancy Amber Energy has entered administration, reportedly leading to more than 100 redundancies. Professionals from FRP Advisory will oversee the sale of its remaining assets.
Amber Energy was founded in Cardiff in 2009 by CEO Nick Proctor. The firm offered energy management, procurement and PPA services to a wide range of clients in the consumer, automotive and residential sectors. And according to its website, the firm has 8TWh of generation capacity under its management, while managing some 48,000 residential and commercial meters.
The firm had also previously issued healthy financial reports – its last disclosed results from the end of 2024 showed turnover of £11 million. But while its owners have not issued a statement, it is also understood that it endured a period of financial pressure, during which the company experienced cash flow challenges and a decline in revenues throughout 2025.
The administration
As a result, Matt Whitchurch and Jonathan Dunn of specialist business advisory firm FRP Advisory were appointed joint administrators of the company in early March. FRP, prior to appointment, undertook an accelerated marketing process to explore options for the business and its assets – but could not avoid 138 of the company’s 143 employees being made redundant.
Whitchurch, a partner at FRP, commented, “Amber Energy Solutions had established a well-regarded offering in its sector but was unable to overcome sustained cash flow pressures. We explored options to secure a wider going concern solution, however this was not achievable in the circumstances. While sales of certain assets have been completed, the majority of roles have unfortunately been made redundant. Our focus now is on supporting employees through the claims process and working to maximise recoveries for creditors.”
Other commentators warned that the company’s administration could speak to a bigger problem with energy trading oversight. Reacting to the news of Amber’s trouble, John Haw, CEO and founder of Fidelity Energy, said many of Amber’s clients used flex energy trading, buying power in small, frequent chunks rather than committing to a long-term fixed rate. This approach requires persistent checking and oversight to deliver on potential value from accessing wholesale market prices rather than fixed tariffs.
“When a consultancy operating flex portfolios enters administration, the risk is not theoretical,” Haw remarked. “Flex procurement depends on active execution. If trading oversight is disrupted, unhedged volumes can become exposed to day-ahead or reference pricing immediately.”
