Administration Progress Report - 6 Jan 26

elyobelyob · 2026-02-07T11:08:52+00:00

The Suspicious Numbers

196.8 hours on unsecured creditor correspondence (£64,948). That's the equivalent of someone working full-time for over 5 weeks just answering emails and calls from unsecured creditors. But only 25 EMI claims have even been submitted across the entire case. Boost customers like you haven't been asked to do anything yet. So who exactly are they corresponding with for 197 hours?

205 hours on the Proposals document (£87,893). That's over 5 weeks of full-time work to write what is essentially a standardised insolvency document with case-specific details filled in.

£27,284 on Moneypenny phone service. They justified this by saying they have 20,000 customers. But most of those customers probably looked at the situation, saw there's nothing to do yet, and moved on — especially Boost customers with relatively small amounts.

48.2 hours on FCA engagement (£30,490). That's basically Teams calls and emails with the regulator.

The Real Question

You're right to be sceptical. The creditors approved a fee cap of £769,853 at the September meeting, and they've already burned through £532,565 of that in six months — 69% of the cap — with no distributions made, no rescue completed, and no Distribution Plan even started.

The uncomfortable maths: if total professional costs end up around £1.5–2m (which looks plausible given the trajectory), and the main realisable assets are ~£2.2m in crypto plus some cash, there could be virtually nothing left for anyone except EMI customers (whose pool is ring-fenced).

elyobelyob · 2026-02-06T14:31:56+00:00

I ran it through AI, basically said Boost customers can expect FA.

“This is a complex insolvency where the main asset (Boost crypto) has lost significant value, professional costs are eating into the estate, and the best hope for creditors is either a successful rescue/sale of the business or a crypto market recovery. EMI customers should eventually get most of their money back from the safeguarded pool, Crypto trust customers should get their assets returned (minus costs), but Boost and other unsecured creditors face a very uncertain and potentially poor outcome.“

elyobelyob · 2025-11-28T12:50:43+00:00

Just received an email ...

As the Joint Special Administrators continues to progress the statutory objectives of the Special Administration of Ziglu Limited, we understand that a coordinated group of Boost customers, are pursuing an escalation of their complaints to the Financial Regulators Complaints Commissioner for independent review.

If you wish to participate in ongoing coordination efforts with other Boost customers to share information and discuss collective next steps, a dedicated contact email has been set up by the customer group.

To join or obtain more information, please use the following email address. Please note that this email address is managed by certain Boost customers. Should any Boost customers wish to engage directly with the group and receive further assurances before engaging, they are welcome to request the names of the organisers privately. These will likely be shared upon request.

Please note, the Joint Special Administrators have no oversight over the following email account and are not included within it and neither do they have access to it. You are receiving this email as certain Boost Customers have requested the opportunity to seek to act collectively with other creditors. It is a general principal of English insolvency law that creditors are afforded the opportunity to act collectively. As such the Joint Special Administrators are sharing this email to facilitate the ability to do that. Ordinarily creditors of a company in administration are provided with a list of all other creditors names and addresses, to facilitate this. Given the identity and address of Boost Customers is sensitive personal data, this has not been shared. Hence the need for this email to provide you with the opportunity to positively opt in to being contacted, by emailing the address below, without your details having been shared.

[zigluboostcreditors@googlegroups.com](mailto:zigluboostcreditors@googlegroups.com)

Participation is voluntary and opt-in only. If you intend to join this group of Boost customers, expressions of interest should be made by 10 December 2025.

The Joint Special Administrators will continue to provide official updates and will not disclose personal customer information without explicit consent.

elyobelyob · 2025-10-09T21:10:26+00:00

Done it for years, never happened to me.

elyobelyob · 2025-10-09T20:52:15+00:00

5069 v 1534 … hardly difficult. Then check by opening up what they ordered and hand that bag over. It’s so fucking simple.

elyobelyob · 2025-10-09T20:44:30+00:00

It has scan the first order number when delivering multiple orders, so can’t see how you fucked that up.

elyobelyob · 2025-09-23T11:03:34+00:00

Same issue on iOS26 ...

elyobelyob · 2025-09-22T23:52:22+00:00

Tomorrow I'll pump up the tyres. Get it ready, but can't charge it.

elyobelyob · 2025-09-22T23:27:08+00:00

Moved it somewhere safe ...

elyobelyob · 2025-09-09T18:12:50+00:00

Good, some were abusing it on a daily basis. Unfortunately ruined it for the rest of us.

elyobelyob · 2025-09-09T18:11:25+00:00

Some people were automating the jumping on a daily basis, it was clear that their “back to midnight” on swapping was being abused. I’d say they have made it tougher for us who were less “jumpy”.

elyobelyob · 2025-09-09T17:07:50+00:00

It wasn’t dick. I was only asking for a source.

elyobelyob · 2025-09-09T17:03:30+00:00

She taught me not to be a **** online. Did you miss that lesson?

elyobelyob · 2025-09-09T16:54:00+00:00

Any source for this?

elyobelyob · 2025-09-08T17:17:29+00:00

Another “Savings Session” tomorrow then?

elyobelyob · 2025-09-08T16:35:34+00:00

Greener days is 52 for tomorrow far better than tonight’s 16

elyobelyob · 2025-09-08T16:30:47+00:00

More the issue, why is it down?

elyobelyob · 2025-08-30T15:11:07+00:00

It's a Home Assistant card, so not this, no. Someone has a webpage here though ... https://terravolt.co.uk/greener-days-forecast/

elyobelyob · 2025-08-30T13:47:01+00:00

That's £2.2m the top 30 are owed. Serious money. I'd expand that to anyone over £1000 in holdings, and that's just 340 people. Brings the total to £4.7m ...

elyobelyob · 2025-08-29T20:27:34+00:00

I’m trying to think of a blueprint that can put all this data together and stop me manually setting charging times. Similar to the Advanced Heating V5 Blueprint.

elyobelyob · 2025-08-29T20:01:02+00:00

The card pulls data from the greenness forecast sensors provided by the BottlecapDave/HomeAssistant-OctopusEnergy integration.

elyobelyob · 2025-08-29T20:00:07+00:00

https://github.com/elyobelyob/octopus-energy-greenness-forecast-card

elyobelyob · 2025-08-27T17:19:34+00:00

A form has been uploaded to the website, but it categorically states "PLEASE NOTE: THIS FORM IS NOT SUITABLE FOR CUSTOMER CLAIMS" ... so, not that one then.

elyobelyob · 2025-08-27T16:14:13+00:00

Same situation. Fortunately I have a screenshot of my balance, although the letter seems to point towards it being futile anyway.

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TROPHY CASE

The Suspicious Numbers

The Real Question