Neon Reef - any views?

[Deleted User]

Oh, what a tangled web they weave...

Can't remember what thread I posted it on, but last week I received an email, ostensibly from the payment section at NR. However, the issuer, who had obviously copied and pasted it, forgot to change the text from Utility Point to NR, so it still referenced UP. Careless.  

MWT

You'll notice on that site that 'COLO' is in a similar position and looks like it is another of the 'Dyball Associates' 'supplier in a box' companies 'Colorado Energy Ltd.' which along with 'HomeHero' appears to be related to a parent entity LawDeck Limited.

Colorado Energy ceased trading a couple of weeks ago of course...

WillPS

Yes, they are not in good company on that list.

MWT

Interesting to note the members of the Elexon Voting Party Group that Neon belong to, some familiar names there as well for obvious reasons...

[Deleted User]

Also interesting to note, as previously referred to, that very few of the supplier CODE names bear any relation to the actual Company name. So no way could you work out/guess the Company from the CODE. The Dyball effect.  

Patr100

I hesitated to post this earlier , if you haven't seen it . A tangled web , indeed....

Another firm, Dorset-based Utility Point, joined the market in 2018 and supplied 220,000 customers – it ceased trading two weeks ago. 
Accounts show it lost £5.5 million in 2020. Utility Point was another of Mr Dyball’s off-the-shelf energy firms. He resigned his directorship and transferred it to current directors, Benjamin Bolt and Paul Yarwood, in 2017.
They run another energy supplier, Neon Reef, which was one of five small energy suppliers warned by Ofgem last week after missing a payment for a government environmental scheme. 
It was originally called Oregon Energy and Mr Dyball transferred the firm to the current directors in 2018.
Other firms with links to Mr Dyball have also missed payments to Ofgem, including Colorado Energy, which failed to pay £261,406. 

https://www.dailymail.co.uk/news/article-10028689/The-man-whos-fortune-helping-set-SEVEN-collapsed-energy-suppliers.html

MWT

Deleted_User said:

Also interesting to note, as previously referred to, that very few of the supplier CODE names bear any relation to the actual Company name. So no way could you work out/guess the Company from the CODE. The Dyball effect.  

Hence the usefulness of that voting group list.

Easiest way to check the origins of a company is to look at the Companies House website and check the filing history for name and PSC changes...

This is for Neon Reef 

Also take a good look and T&C's on websites for real company names as the large print can be a 'Trading as' with the details buried elsewhere and even if it is a real company name it doesn't mean that the ownership stops there as with Colorado and LawDeck.

[Deleted User]

At least Neon Reef displays its company number on its web site and on the stationery. Yesterday, I could find no trace of a Company number for Green Supplier Ltd, my previous supplier, on either. I haven't checked Companies House yet.

As I have said elsewhere, this is all extra work, that we shouldn't have to be doing. 

ivanleo

Deleted_User said:

At least Neon Reef displays its company number on its web site and on the stationery. Yesterday, I could find no trace of a Company number for Green Supplier Ltd, my previous supplier, on either. I haven't checked Companies House yet.

As I have said elsewhere, this is all extra work, that we shouldn't have to be doing. 

Failure to include the company name, number and registered address on websites, correspondence etc is actually a criminal offence. I have prosecuted a company for this in the past.

dbks

Patr100 said:

I hesitated to post this earlier , if you haven't seen it . A tangled web , indeed....

Another firm, Dorset-based Utility Point, joined the market in 2018 and supplied 220,000 customers – it ceased trading two weeks ago. 
Accounts show it lost £5.5 million in 2020. Utility Point was another of Mr Dyball’s off-the-shelf energy firms. He resigned his directorship and transferred it to current directors, Benjamin Bolt and Paul Yarwood, in 2017.
They run another energy supplier, Neon Reef, which was one of five small energy suppliers warned by Ofgem last week after missing a payment for a government environmental scheme. 
It was originally called Oregon Energy and Mr Dyball transferred the firm to the current directors in 2018.
Other firms with links to Mr Dyball have also missed payments to Ofgem, including Colorado Energy, which failed to pay £261,406. 

https://www.dailymail.co.uk/news/article-10028689/The-man-whos-fortune-helping-set-SEVEN-collapsed-energy-suppliers.html

Perhaps you should have hesitated further, whilst you carried out a simple search.

Mr Dyball, unsurprisingly, is linked to and runs Dyball Associates Ltd.

I posted about them just last month (in another thread on this board)
https://forums.moneysavingexpert.com/discussion/comment/78651610/#Comment_78651610

In fact, I now see another post almost 3 years ago in a similar vein
https://forums.moneysavingexpert.com/discussion/comment/75250789/#Comment_75250789

(there may be others, too)

I hope that untangles things for you