Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Warm Zones enters administration

Warm Zones enters administration

Sat, 17 Nov 2018 | ADMINISTRATION



A North Shields-based non-profit business dedicated to helping low income families stay warm has gone into administration after suffering trading difficulties and cash flow problems.

Warm Zones assists low-income earners stay warm during the colder months by addressing fuel poverty.

Partnering with local authorities, social housing providers and communication organisations, the company provides energy efficient assessments, installation of insulation and heating, and additional funding for vulnerable households across the country.

Andrew Haslam and Gordon Goldie from FRP Advisory have been appointed as joint administrators. A hunt for a new buyer is underway for the not-for-profit business so it can continue doing its charitable work.

Haslam, an insolvency specialist at the Newcastle branch of FRP Advisory, said: "Warm Zones delivers a worthwhile service and one that is particularly important at this time of year. As a priority, we are working closely with various stakeholders to carry out a review of the business and will be considering all options available.

"This includes a review of all ongoing projects to assess the viability of a sale of the business, while working closely with the directors to ensure that we achieve the best possible outcome for everyone involved."

Established in 2000, Warm Zones is a not-for-profit Community Interest Company and UK’s leading charity that aims to end fuel poverty. The company delivers practical ways to improve energy efficiency across Great Britain and is a wholly owned subsidiary of National Energy Action (NEA).

The company is made up of 32 employees, with the majority employed in the North East.

For all our administrations listings, click here. For more news stories about administrations click here.


Share this article



Latest Businesses for Sale

Domicillary Care Agency
South of England, UK

An established professional company with excellent record and reputation, providing adult domiciliary home day care agency (no live-in care).

Asking Price: Offers Invited
Turnover: £906,999

LEASEHOLD


Distribution Logistics Firm
Yorkshire and the Humber, UK

Warehousing, freight handling and distribution throughout the UK. Business located in Yorkshire with good access to M62/M1/A1. Modern vehicle fleet.

Asking Price: Offers Invited
Turnover: £2,900,000

LEASEHOLD


Provider of Introduction and Matchmaking Services
South of England, UK

A successful matchmaking service provider operating for over three decades. Offers several core membership packages tailored to a variety of client requirements. A well-established brand that has facilitated the company’s continued expansion. Primari...

Asking Price: Offers Invited
Turnover: £340,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Aug
 

Administrators seeking buyer for Bristol window manufacturer | ADMINISTRATION

A buyer is being sought for window manufacturing firm The Wi...

 
18
 
Aug
 

Fully let Cambridgeshire business park on the market for £1.65m | COMMERCIAL PROPERTY

The near 5-acre Haddenham Business Park in Haddenham, Cambri...

 
17
 
Aug
 

Analysis: Administrations set to rise in 2022 | BUSINESS NEWS

New analysis from global risk and financial consultancy firm...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
07
 
Oct
 

Cleveland Bridge assets to go to auction next month | COMMERCIAL PROPERTY

It has been confirmed that an auction of the property and as...

 
10
 
Sep
 

Cleveland Bridge property and assets to head to auction as search for a buyer fails | ADMINISTRATION

Administrators for structural engineering firm Cleveland Bri...

 
08
 
Sep
 

Assets for sale as Scottish wind turbine firm enters administration | ADMINISTRATION

Scottish wind turbine manufacturer CS Wind (UK) has fallen i...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.