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
This well-established hotel for sale in Hereford presents a unique opportunity with its prime location close to the cathedral, offering 83 en-suite bedrooms and versatile dining and event facilities.
FREEHOLD
Located on the Island of Burray, just off mainland Orkney, once only accessible by boat, but now linked by the iconic causeways - the Churchill Barriers. The hotel itself has an imposing position overlooking the beach and Burray Harbour, with stunnin...
FREEHOLD
An established car dealership in Berkshire, positioned on a prominent main road, is now available for purchase, offering a prime opportunity for investment in a lucrative market.
LEASEHOLD
Looking for more businesses? Try our off-market tool.
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.