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

Nationwide Loss Adjuster
UK Wide

Specialises in providing complete, responsive loss adjusting services for property, motor, goods in transit and liability insurance claims. The shareholders are offering the business for sale due to their retirement plans. Offers invited.

Asking Price: Offers Invited
Turnover: £327,000

FREEHOLD


Gas Leakage Repair Solutions & Pipeline Corrosion Protection
UK Wide

Gas leakage repair solutions and pipeline corrosion protection to the utilities industry. Strong second-tier management team in place able to run the day-to-day operations of the business. Offers invited.

Asking Price: Offers Invited
Turnover: £2,800,000

LEASEHOLD


Private Hire Taxi Company
North of England, UK Wide

Specialises in providing fast, reliable and trustworthy private hire transport services using a modern and maintained fleet for the public, commercial and corporate sectors. Service offering is enhanced through an industry-leading smartphone applicat...

Asking Price: Offers Invited
Turnover: £5,600,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
16
 
Oct
 

Bloodhound Programme enters administration | ADMINISTRATION

The Bristol-based company that commissioned the project to b...

 
19
 
Sep
 

Viking Trailers enters administration, seeks buyers | ADMINISTRATION

Specialist manufacturing company Viking Trailers have fallen...

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