THE administration of an energy firm Warrington Borough Council invested into is ‘expected to be finalised’ before the end of 2024, says a report.

It was reported in August that uncertainty continues to surround the fate of £18 million the council invested into the energy firm which collapsed – with the exact amount it will get back being ‘finalised’.

Together Energy announced it was to cease trading immediately in January 2022.

The council owned a 50 per cent stake in Together Energy after initially investing £18million in September 2019. It had also given a loan to the company.

An update was provided in a report on a review of non-treasury investments, for quarter one, which came before the council’s cabinet at its meeting on Monday.

It said: “The administration of Together Energy is nearing completion with settlement expected to be finalised before the end of 2024.”