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

Air Conditioning, Heating & Ventilation Contractor
West Midlands, UK

Air conditioning, heating & ventilation contractor offering consultancy, design, sales & installation to commercial, industrial & residential properties. Supplies & installs market leading products to SME’s & blue-chip customers operating in a range...

Asking Price: Offers Invited
Turnover: £1,770,000

Supply & Servicing of Vending Machines & Related Equipment
East Anglia, UK Wide

Supplies, services & maintains a range of vending equipment such as coffee machines, snack vending machines, cold drink machines, water coolers & slush machines. Companies involved in the supply, filling & servicing of food & drink vending machines,...

Asking Price: Offers Invited
Turnover: £800,000

Road Marking Specialist for Builders, SMEs, Schools & Hospitals
North West, UK

Provides thermoplastic markings for roads, car parks & playgrounds, as well as anti-skid paint solutions & road studs. Customers include local authorities, SMEs, hospitals, schools, universities & PLCs within the construction industry. Contracted to...

Asking Price: Offers Invited
Turnover: £640,000


View more businesses for sale

News Search

Latest News

 
21
 
Nov
 

Buyer sought as North East contractor enters administration | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the ...

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

 
19
 
Nov
 

UK government set to approve Cobham takeover | BUSINESS SALE

The British government is poised to approve the $5 billion t...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
30
 
Oct
 

Building contractor Simons goes into administration | ADMINISTRATION

Lincoln-based building contractor Simons Group has announced...

 
22
 
Aug
 

Welsh technology firm plunges into administration | ADMINISTRATION

Thought to be one of the country’s leading ICT supplie...

 
17
 
Jul
 

Preston caravan manufacturer seeks buyer following administration | ADMINISTRATION

A caravan manufacturing business in Preston is on the lookou...

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