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.
Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...
LEASEHOLD
The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.
FREEHOLD
Established in the late 1970s, this business is now one of the leading air treatment companies in Ireland. The business is highly accredited and provides a diverse range of products. Offers invited.
LEASEHOLD
|
22
|
|
Mar
|
Scunthorpe nightclub up for sale | BUSINESS SALE
A former nightclub based in Scunthorpe has been put up for s...
|
21
|
|
Mar
|
Kent Logistics provider completes a successful acquisition | BUSINESS SALE
A Kent-based personalised logistics provider, backed by Livi...
|
20
|
|
Mar
|
Warrington construction company enters administration | ADMINISTRATION
A prominent construction business headquartered in Orford Gr...
Sign up to receive our acquisition alert emails to get your FREE guide
|
05
|
|
Mar
|
Independent bathroom retailer enters administration | ADMINISTRATION
Thought to be the UK’s largest independent bathroom re...
|
21
|
|
Feb
|
Lakeside hotel enters administration | ADMINISTRATION
A historic but well-preserved hotel located on the banks of ...
|
31
|
|
Jan
|
UK's largest manufacturer of ceramic tiles enters administration | ADMINISTRATION
Based in Newton Abbot in Devon, British Ceramic Tile Limited...
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