Looks as if there may be two separate companies.
This one in London:
https://www.ukdata.com/numbers/03784059.html which is in administration.
And this one, our friends in Bath:
https://www.ukdata.com/numbers/05915451.html which we hope is not.
if you go through the history of both they appear to be linked, however the main one in SW England does seem to be still trading.
I would find it very surprising if Powabyke does not find a buyer, given that they are a well established brand with substantial awareness and popularity particularly amongst the older generation.
That said I do wonder if they have suffered from the "milk float" effect? about 23 years ago in high school I first became interested in environmental matters, and learned that many British milk float manufacturers went out of business because the vehicles were so reliable, and the only main replacement component was lead-acid batteries which were standardised and available from a variety of competing sources.
Even today I still see milk floats around which are as old as me, whilst it is rare to see petrol motor cars of such age unless they are preserved classics..
This is also why I suspect e-bike manufacturers do not want to standardise batteries, as planned replacement costs must be viewed by their investors as a substantial amount of future revenue!