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A major energy supplier faces collapsing into administration within days. Tomato Energy could go bust within days after building up huge debts and has been hit with a £1.5million fine from the regulator, it has emerged.

The firm was banned from taking on new customers in April after racking up £3million in debt. The energy supplier has now filed for an administrator to take over.

If it doesn’t pay off its debts in the next 24 hours, an administrator will likely take charge, according to reports. That's because filing a notice of intent to appoint an administrator typically means a company has 10 days to fix its problems beforet officially goes bust.

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Tomato Energy filed the notice nine days ag

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