Tue, 04 Jun 2013 | ADMINISTRATION
Enact Energy Renewables, one of the pioneering Green Deal providers in Britain, has entered administration.
Begbies Traynor has taken control of the firm, which is based in Cornwall and has upgraded 300,000 properties in conjunction with over 100 local authorities since its beginnings in 1996.
The administrators, Christopher Norman and Ian Walker, are seeking a sale of the firm, which had plans to improve 10,000 buildings over the next five years, a sizeable workload to the value of £100 million.
Mr Norman said: “29 members of the company’s staff were made redundant on the appointment of the joint administrators on account of the company’s insolvency.
“The company had retained some of its employees to assist the administrators in conducting an orderly winding down of the company’s affairs.
“We will now attempt to source a purchase for some of all of the company’s business undertaking and assets.”
It was the first business in Cornwall to gain the Green Deal Provider status from the Department of Energy and Climate Change in January. It counts Tesco, Marks & Spencer and Torbay Council amongst its former customers.
Enact installs solar panels on to roofs so that homes can generate electricity for use, insulation to reduce energy bills and also helps to improve heating efficiency in homes.
___________________________________________________________________________
Related articles:
Latest businesses in administration
Hewlett in administration
This well-established fencing contractor, with a solid 30-year track record, offers a unique opportunity to acquire a business with a diverse product range, skilled team, and a loyal client base comprising local councils and blue chip companies. With...
This thriving event management company boasts a flagship seasonal event, a robust pipeline, and secure multi-year contracts, making it a prime opportunity for strategic growth under new ownership.
This company is a leading provider of comprehensive heating equipment services for commercial and industrial properties in the West Midlands, renowned for its first-class customer support and cost-efficient solutions. With a strong reputation and lon...
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.