Who Owns Tonik Energy?

When seeking information on who owns Tonik Energy, it is crucial to delve into the history and operational structure of this unique company. Tonik Energy Limited was a private limited company registered in the UK, incorporated on October 7, 2015, and officially dissolved on March 10, 2025. Known for its commitment to renewable energy solutions, Tonik Energy made significant strides in the sustainability sector before ceasing operations.

The Structure of Tonik Energy

Incorporation and Operations

Tonik Energy Limited was incorporated in the United Kingdom, and its business was primarily rooted in the electricity trade, as specified under the trade category SIC 35140. The company’s most recent public records, dated up to March 31, 2019, highlight its financial activities and growth patterns during its operational period.

Ownership Details

Before its dissolution, Tonik Energy’s control was notably concentrated under a single individual, possessing at least 75% of the company’s shares and voting rights. However, the identity of this person remains undisclosed in the available public disclosures from Companies House control records.

The Transition of Tonik Energy

Cease of Operations and Customer Transfer

In October 2020, Tonik Energy ceased trading, resulting in the transfer of its approximately 130,000 customers along with all outstanding customer balances to ScottishPower. This decision followed the appointment of ScottishPower as the supplier of last resort by the UK’s energy regulator, Ofgem. This move ensured continuity of energy supply for all Tonik Energy’s existing customers.

Overview of ScottishPower

ScottishPower, entrusted with Tonik Energy’s clientele, is a leading UK energy company and a subsidiary of the large Spanish utility firm, Iberdrola. With its expansive operations, ScottishPower plays a significant role in the UK energy market, particularly in the renewable energy sector. For a more detailed understanding of ScottishPower’s operations and its parent company, Iberdrola, you can refer to ScottishPower’s Wikipedia page.

Conclusion

The question “Who owns Tonik Energy?” leads us through a timeline of corporate developments, dissolutions, and mergers that reflect the dynamic nature of the energy sector. Although the individual with significant control over Tonik Energy remains unidentified publicly, the company’s legacy continues through its transition into ScottishPower. This transition not only highlights Tonik Energy’s commitment to renewable energy during its active years but also ensures its customer’s needs are catered to by a capable successor in the energy domain.