GWE Group Ltd, the Sheffield-headquartered voltage optimiser manufacturer, has fallen into administration.
Formed in 1994, the business, which rebranded to ZERON in 2024, offers a range of energy saving technologies trusted by major players such as Kellogg’s, IKEA, ASDA and Amazon.
GWE Group Ltd had been experiencing significant cash flow issues, with the company making a loss on a monthly basis. While the firm had been marketed for sale, attracting various interested parties, a deal was not achieved.
The company has ceased to trade with 18 staff being made redundant.
Ryan Holdsworth and Danielle Shore from Leonard Curtis were appointed as Joint Administrators of GWE Group Ltd on 30 January 2025.
Ryan Holdsworth said: “GWE Group Ltd was experiencing significant cash flow issues in the lead up to administration. This was a combination of non-payment by one of its debtors, and orders not materialising – having been promised at the end of the year. The Company was making a loss on a monthly basis, which was not sustainable.”
He added: “The business was marketed for sale by external agents, which did attract various interested parties, but no sale was concluded. As a result, the Company has ceased to trade with all 18 staff unfortunately being made redundant.
“A sale of the Company’s assets is being undertaken by our agents BPI Asset Management.”
