Platinum Energy Solutions Liquidation: Investigations Begin into William Jackson-Linked Companies

A Hard Update for Platinum Energy Solutions Creditors

In October 2025, creditors of Platinum Energy Solutions Ltd finally received the update they had been waiting for. But instead of reassurance, the report delivered a hard truth: no assets have been found and no recoveries made.

The joint liquidators, Oliver Collinge and Stratford Hamilton of PKF Littlejohn Advisory, confirmed that despite months of investigation, nothing of value has been realised.

Platinum Energy Solutions, incorporated in 2015, was forced into compulsory liquidation after the High Court in Leeds issued a winding-up order on 8 August 2024. Its subsidiary, Southbrook Gas Generation Ltd, soon followed. It was also placed into liquidation in November 2024 after a petition from HM Revenue & Customs (HMRC).

The same joint liquidators now oversee both estates, part of a wider network of energy and infrastructure ventures led by William Jackson. These ventures were promoted to investors through unregulated loan notes. They were marketed as exciting plays in renewable energy and peak-power generation.

For many investors, the pattern feels painfully familiar: big promises, trusted names, and another “green” opportunity that ends in silence, confusion, and loss.

Other schemes built around the same narrative, including Platinum Assets & Developments Ltd and High Street Group, left similar stories in their wake.

Missing Funds and Unexplained Payments

According to their findings, substantial sums of investor money were transferred out of Platinum Energy Solutions and its subsidiary, Southbrook Gas Generation Ltd, to third parties. However, there was no clear business reason and no identifiable benefit to the companies.

Bank statements and financial records have been reviewed, yet little of what was found corresponds to genuine trading. Transactions appear on paper, but the purpose behind them remains unexplained.

To pursue answers, the joint liquidators have appointed Aaron & Partners LLP to investigate and recover around £2.1 million. Of this amount, £1.5 million relates directly to Platinum Energy Solutions. The remainder concerns Southbrook Gas Generation Ltd.

For now, creditors are left waiting. The liquidators caution that any recovery is uncertain. No dividends have been paid, and no tangible assets of real value have been identified. What’s left, for the moment, is a trail of missing money, and unanswered questions about where it went.

Linked Entities and Intercompany Claims

The investigation also highlights the complex ties between the two companies. Platinum Energy Solutions acted as parent to Southbrook Gas Generation Ltd, and both appear to have engaged in intercompany trading. Yet the movement and final use of investor funds remain unclear.

Because the same joint liquidators manage both estates, the report acknowledges a potential conflict of interest in deciding any claims between them. To avoid bias and preserve transparency, those decisions will be referred to an independent insolvency practitioner. Alternatively, a solicitor may be used for determination.

Creditor Impact

The numbers tell their own story, and it’s not a reassuring one.

When the liquidation began, Platinum Energy Solutions Ltd listed 183 creditors with total claims estimated at around £6.6 million. So far, 79 creditors have formally filed claims, together totalling £2.64 million.

But the liquidators’ message is stark: there may be nothing to distribute. Unless their ongoing legal recovery actions succeed, it is unlikely that any dividend will be paid to unsecured or preferential creditors.

For those who invested, that means months, possibly years, of uncertainty. Every recovery attempt now becomes critical. Without it, the paper value of those claims could amount to little more than numbers on a list.

The Elusive “Peak Lopping” Site

Buried deep in Section 4.6 of the liquidators’ report lies a crucial statement:

“Creditors will note that as yet, I have not commented on the site at which the Company was expected to operate its proposed peak lopping facility. I can assure creditors investigations in that regard are ongoing, but it appears that it may in fact be SGGL that holds the claim to any value in this site. The joint liquidators have also sought advice from Sanderson Weatherall, specialist agents and valuers, regarding the value of the land. No fees have been agreed for their initial opinion at this stage due to the uncertainty of realisations.”

Simply put, this means the liquidators still cannot confirm who actually owns the site or what it’s worth.

There are no verified records of ownership, no asset valuations, and no listed receipts or operational income. Taken together, these facts suggest that no physical assets of substance have yet been identified within Platinum Energy Solutions.

The report implies that any claim to the site may actually rest with Southbrook Gas Generation Ltd, a separate company under the same control.

Why This Matters

This “peak lopping” site, also called the gas-peaking site, is not just important to Platinum Energy investors. It appears across multiple loan note schemes linked to William Jackson, including:

• WH2022 Ltd (also known as Aventurine Climate / Verdant Global)
• Northumberland Living Alnwick Ltd (Ravensmount Care Home)

Both sets of investors were reportedly told that their loans are secured against the same site. This site was sold to WH2022 Ltd for £1.5 million in November 2022.

That raises serious questions:

• Are there enough valuable assets in WH2022 Ltd to cover both sets of loan notes?
• Which group of investors has priority if one or more companies enter insolvency?
• And what is the real market value of the gas-peaking facility itself?

As Insolvency & Law has outlined in previous reports (William Jackson Loan Note Security & Trustee Issues and Billy Jackson Part 2), the reuse of the same asset across several unregulated investment schemes could indicate duplicated or unenforceable charges. In short, the security investors were promised may not exist in any meaningful way.

The Security Trustee Question

According to documentation, Alpha Trustee Services Ltd acts as the Security Trustee for William Jackson’s schemes. The company presents itself as an independent, expert guardian of investor security.

However, Insolvency & Law has noted that Alpha’s website is no longer active, which raises obvious transparency concerns.

Loan note holders should act now. As a beneficiary under the trust deed, you have the legal right to request key information directly from Alpha, including:

• A copy of the deed in plain English
• A schedule of charged assets, with Companies House charge numbers
• Your ranking against any senior lender
• The latest monitoring report showing what, if anything, has been done to protect investor interests

If this information is not provided clearly or promptly, creditors can coordinate and escalate as a group.

Call to Action

The Platinum Energy case reveals more than just a failed investment. It exposes how the same assets can be recycled across multiple schemes, leaving investors believing they are protected when they may not be.

If you hold loan notes in any company linked to William Jackson, now is the time to seek clarity.

Contact Insolvency & Law’s investigations team at investigations@insolvencyandlaw.co.uk to discuss your circumstances and recovery options.

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.