UK firm EO Charging enters administration
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UK-based EV charging firm EO Charging has entered administration, resulting in 69 redundancies. PwC is managing the administration process as the company winds down operations. Founded a decade ago, EO Charging provided charging solutions but faced financial challenges, leading to a scaled-back expansion and a failed recapitalization effort. Despite previous growth and significant investments, liquidity issues forced the company into administration. Remaining employees will assist in transitioning customers to alternative suppliers before the company is fully dissolved.
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