Not seen this mentioned anywhere, inc that blog site, but I finally got an email on Friday (from Co-Op 4)

The below extract has the more important points from it.

Dear Ripple Coop 4 Member,

We apologise that it has taken some time to contact you since the news that Ripple Energy Limited ceased trading; there have been a number of logistical challenges to obtaining member contact information. We are now in a position to communicate with our members and will look to keep you updated on a regular basis.

Latest Update

Ripple Energy Ltd ceased trading on 17th March 2025 and is currently in administration, being overseen by Begbies Traynor LLP. Begbies Traynor have set up a dedicated help page, which can be found at https://www.begbies-traynorgroup.com/ripple-energy-limited.

The Board believes that funds invested by members into the Ripple Coop 4 should have been held in a ring-fenced client account. We have not yet been able to confirm whether this is the case. Begbies Traynor advise that they are still reviewing the situation but have so far offered minimal engagement to the Coop 4 Board.

We note there has been speculation that Coop 4 have entered into partnerships with third parties. No such agreements have been made by the Coop 4 Board.

At this point in time, the Board does not have access to any operating funds and as such are trying to keep all expenditure to an absolute minimum.

Notice of a General Meeting

We have received a request from members for a General Meeting. In accordance with the Society’s rules, this will be held on Saturday 3 May 2025, at 15:00.

The meeting will be held via an online platform. We are currently considering the logistical arrangements and will be in touch with further details in due course.

Data Privacy

We have asked the Administrator for assurances that personal data of members had not been sold to 1st Energy as part of the asset sale referenced on their website, as this would not be allowed under the terms of our Management Services Agreement nor your Customer Agreement. We have not yet received such assurances and we have been unable to confirm whether any data breach has occurred.

As data controllers, we are required to apply the precautionary principle to looking after your data under GDPR. As such, we notified the Information Commissioner’s Office (https://ico.org.uk/) of a potential breach on 17 April and informed the Administrator that we have taken this action. The Administrator has confirmed that they will investigate promptly. We have also asked 1st Energy to destroy any customer data that may have been transferred to them unlawfully.

We have asked the Administrator to transfer to the Coop any data on Coop 4 members they are currently storing under the Management Services Agreement.

We will advise members of any further developments when we know more.

Next Steps

The Board will meet regularly and we will continue to update Coop 4 members via email. We will continue correspondence with the Administrators and to explore the options open to us to protect our members’ interests.

We are collating information, such as historic Coop 4 Board minutes, and our ambition is to share these with members as transparently as possible. We will let you know when this information is available.

We will be in touch soon with a further update.

With best wishes,

Ursula, Tom, Klaus & Sam

Board of Directors - Ripple Coop 4 Limited

Whitelaw Brae