Buyer sought after collapse of Birmingham EV charging manufacturer
A Wright
Posted On December 17, 2025
0
Jobs have been lost following the collapse of an electric vehicle charging manufacturer based in Birmingham. Administrators are now engaging with interested parties regarding a potential sale of the business and its assets.
Geoff Rowley and Simon Baggs of business advisory firm FRP were appointed as joint administrators of Petalite Limited on 11 December 2025. The company had been seeking new investment to support the next stage of its commercial growth, but the fundraising process was unsuccessful.
As a result of the administration, some redundancies have been made. A core team has been retained to support the administrators as they assess options for the company and its technology, including a possible sale.
Simon Baggs, director at FRP, said: “Petalite developed compelling proprietary technology with the potential to disrupt the EV charging market. Like many early-stage businesses, it faced significant fundraising challenges in a difficult investment climate.
“Despite that, there is still significant value in the company and its IP and we’re optimistic that, under the right new ownership, a route forward can be found for Petalite’s EV charging solutions.”
A recent Office for National Statistics release showed that the UK unemployment rate has risen to 5.1 per cent in the three months to October 2025, the highest level since early 2021, reflecting a weakening jobs market nationally. UK payrolled employee numbers have also continued to fall in recent months, with broader signs of slower labour demand across the economy.
Geoff Rowley and Simon Baggs of business advisory firm FRP were appointed as joint administrators of Petalite Limited on 11 December 2025. The company had been seeking new investment to support the next stage of its commercial growth, but the fundraising process was unsuccessful.
As a result of the administration, some redundancies have been made. A core team has been retained to support the administrators as they assess options for the company and its technology, including a possible sale.
Simon Baggs, director at FRP, said: “Petalite developed compelling proprietary technology with the potential to disrupt the EV charging market. Like many early-stage businesses, it faced significant fundraising challenges in a difficult investment climate.
“Despite that, there is still significant value in the company and its IP and we’re optimistic that, under the right new ownership, a route forward can be found for Petalite’s EV charging solutions.”
A recent Office for National Statistics release showed that the UK unemployment rate has risen to 5.1 per cent in the three months to October 2025, the highest level since early 2021, reflecting a weakening jobs market nationally. UK payrolled employee numbers have also continued to fall in recent months, with broader signs of slower labour demand across the economy.
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Buyer sought after collapse of Birmingham EV charging manufacturer
December 17, 2025
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