Platinum Energy Solutions Liquidation -What Creditors Need to Know

Episode overview:
In this episode, we unpack the latest developments in the liquidation of Platinum Energy Solutions Limited, one of several unregulated investment schemes linked to William Jackson. Creditors have waited months for clarity, and the liquidators’ report has finally arrived. The findings reveal missing funds, uncertain assets, and questions that reach far beyond one company.

Key points covered:

• The update creditors have been waiting for:
  Platinum Energy Solutions entered compulsory liquidation in August 2024 after a High Court order. Its subsidiary, Southbrook Gas Generation Limited, followed three months later on a petition from HMRC.
• No recoveries, no assets:
  The joint liquidators, Oliver Collinge and Stratford Hamilton of PKF Littlejohn Advisory, confirm that no assets have been realised and no dividends paid. Investigations continue, but so far, there’s little sign of value within either estate.
• Missing money and unexplained payments:
  Large sums were transferred to third parties with no clear business purpose. The liquidators have instructed Aaron & Partners LLP to pursue recovery actions totaling £2.1 million, but success remains uncertain.
• The elusive “peak lopping” site:
  The supposed gas-peaking facility that underpinned investor confidence remains unverified. Ownership is unclear, valuations are missing, and the same site appears to have been used as security across multiple William Jackson-linked companies, including WH2022 Limited and Northumberland Living Alnwick Limited.
• Why this matters:
  The reuse of a single security asset across several schemes could mean duplicated or unenforceable charges , leaving investors without real protection if the companies collapse.
• The security trustee question:
  Alpha Trustee Services Limited acts as security trustee for Jackson’s schemes. Its website is now inactive, raising questions about oversight and accountability. Creditors are urged to write directly to Alpha to request documentation and updates.
• The wider picture:
  These findings mirror patterns seen in other failed unregulated investments, including Platinum Assets & Developments and High Street Group. The same playbook repeats: ambitious promises, recycled assets, and investors left in limbo.
• What creditors can do now:
  Loan note holders should act collectively. Write to Alpha Trustee Services, request evidence, and coordinate with other investors to ensure your concerns are on record.
• Contact:
  For guidance, evidence coordination, or to discuss recovery options, contact the Insolvency & Law investigations team at [email protected].

Disclaimer: Insolvency & Law Ltd does not act as a firm of solicitors or as licensed insolvency practitioners. We do not carry out any regulated activities as defined under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. All information and commentary concerning William Jackson companies, including that published via our blogs and podcasts, is made available free of charge for informational and educational purposes only and should not be regarded as legal or investment advice.

In suitable circumstances, I&L may take legal assignment of loan notes issued by William Jackson companies and act in its own name and at its own cost and risk to pursue enforcement and recovery. Loan note holders assigning claims to I&L are not exposed to the cost of such action.