An Australian firm which bought the collapsed battery maker Britishvolt has failed to pay its UK staff for the last four months, the BBC has learned.
Recharge Industries took control of Britishvolt after it went into administration in January.
The takeover has not gone smoothly, with some £2.5m of the purchase price still unpaid months after it was due.
The takeover has not gone smoothly, with some £2.5m of the purchase price still unpaid months after it was due.
Britishvolt was a start-up with big ambitions. It wanted to build a £4bn “gigafactory” to supply battery packs for a new generation of electric cars.
The plant was to have been built on the site of an old power station near Blyth in Northumberland.
It was seen as an ideal location, with a deepwater port and good access to transport links.
But the venture ran out of money, and fell into administration earlier this year.
After examining a number of bids, administrators at EY agreed to sell Britishvolt’s assets to Recharge Industries.
An Australian firm which bought the collapsed battery maker Britishvolt has failed to pay its UK staff for the last four months, the BBC has learned.
The takeover has not gone smoothly, with some £2.5m of the purchase price still unpaid months after it was due.
Recharge Industries took control of Britishvolt after it went into administration in January.
Britishvolt was a start-up with big ambitions. It wanted to build a £4bn “gigafactory” to supply battery packs for a new generation of electric cars.
The takeover has not gone smoothly, with some £2.5m of the purchase price still unpaid months after it was due.
The takeover has not gone smoothly, with some £2.5m of the purchase price still unpaid months after it was due.
Britishvolt was a start-up with big ambitions. It wanted to build a £4bn “gigafactory” to supply battery packs for a new generation of electric cars.
The plant was to have been built on the site of an old power station near Blyth in Northumberland.
It was seen as an ideal location, with a deepwater port and good access to transport links.
But the venture ran out of money, and fell into administration earlier this year.
After examining a number of bids, administrators at EY agreed to sell Britishvolt’s assets to Recharge Industries.
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