Administration for renewable energy firm

Wed, 30 May 2012 | ADMINISTRATION

A renewable energy installation firm has entered administration following trading problems due to the government's Feed-in Tariff changes.

The administration of Norton Energy Solutions, based in Coventry, is being handled by Cranfield Business Recovery. According to the administrators, the firm is due to be taken over by Zeus Business Services Ltd.

All planned installations will be carried out, but the joint administrator Tony Mitchell stated that they cannot guarantee there won't be a loss of jobs. "There may have been some redundancies made, but we're still trying to clarify the position," Mr Mitchell told Construction News.

A number of renewable energy installation firms have struggled to stay afloat after the government announced that the Feed-in Tariff would be cut. An initial reduction in the pay-out for individuals generating their own energy was introduced on 1 April, but further cuts have now been confirmed for 1 August this year.

These changes in the industry mean that Norton Energy Solutions is far from alone in its struggles to continue trading. Other renewable energy firms have faced similar problems as the government's changing viewpoint on the Feed-in Tariffs has left consumers uncertain about investing

Share this article

Latest Businesses for Sale

Stockist & Supplier of Pipeline Products
North West, UK

Serves both sole traders and blue-chip organisations throughout the UK and internationally. Products include, but are not limited to, valves, tubes, steam equipment, strainers, filters, flanges and thermometers. Offers bespoke process products to mat...

Asking Price: Offers Invited
Turnover: £3,700,000


Draught Beer & Associated Dispensing Equipment Manufacturer & Supplier
UK Wide

Specialist in-house expertise in the design and development of a range of innovative beer dispensing equipment. Predominantly provides services to high-value, blue-chip clients in the brewing industry. Long-standing relationships with several prestig...

Asking Price: Offers Invited
Turnover: £4,000,000


Wood Fuel Processing & Renewable Energy Hub
South of England, UK Wide

Specialises in low-carbon energy generation and biomass fuels including wood-fuel drying and processing, renewable electricity generation and on-site wood pellet production for the wholesale and industrial markets. Offers invited.

Asking Price: Offers Invited
Turnover: £1,100,000


View more businesses for sale

News Search

Latest News


Digital account provider snapped up by Morses Club | BUSINESS SALE

Sheffield-based U Holdings Limited, which trades under the n...


Property business merger creates £400 million company | MERGER

A housing specialist that works on new and refurbished premi...


Prescription start-up acquired by healthcare giant for undisclosed sum | BUSINESS SALE

A UK start-up company that helps individuals manage their su...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources