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
The company is a leading manufacturer of cabling equipment for use across a variety of industries. With UK market dominance, the company also has an international customer base and receives recurring business through service and maintenance contracts...
A long-established distributor of bicycle components, accessories and maintenance products which supplies more than 1,000 retail and online shops across the UK has been placed in administration. Offers are now invited by 5pm on Monday, June 30, 2025.
The company is a prominent provider of installation, commissioning, and repair services for water purification systems, serving over 30 active clients across diverse sectors such as energy, industrial, healthcare, and pharmaceuticals. With a strong r...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.