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.
A Cumbria based children’s day nursery offered on a freehold basis, registered for 70 with 110 on roll.
The company provides a comprehensive range of fire alarms, extinguishers, and suppression systems. Additionally, it offers installations, servicing and maintenance and repair solutions, in addition to fire signage surveys, weekly alarm and extinguish...
The company specialises in providing surface preparation services and support to organisations that apply coatings in a wide range of fields. The company is ideally placed for an acquirer to achieve further growth, due to its extensive, high-quality...
19
|
Mar
|
Newcastle estate agency acquires local rival | BUSINESS SALE
Northwood Newcastle, a family-run estate agency based in New...
18
|
Mar
|
Utilities group Beauparc acquires Sheffield waste management firm | BUSINESS SALE
Beauparc, a Dublin-headquartered utilities provider, has acq...
18
|
Mar
|
Derbyshire flag printing firm set to fall into administration | ADMINISTRATION
A Derbyshire-headquartered flag printing and branding busine...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.