Wed, 30 May 2012 | ADMINISTRATION
A renewable energy installation firm has entered administration following trading problems due to the government's Feed-in Tariff changes.
The administration of Norton Energy Solutions, based in Coventry, is being handled by Cranfield Business Recovery. According to the administrators, the firm is due to be taken over by Zeus Business Services Ltd.
All planned installations will be carried out, but the joint administrator Tony Mitchell stated that they cannot guarantee there won't be a loss of jobs. "There may have been some redundancies made, but we're still trying to clarify the position," Mr Mitchell told Construction News.
A number of renewable energy installation firms have struggled to stay afloat after the government announced that the Feed-in Tariff would be cut. An initial reduction in the pay-out for individuals generating their own energy was introduced on 1 April, but further cuts have now been confirmed for 1 August this year.
These changes in the industry mean that Norton Energy Solutions is far from alone in its struggles to continue trading. Other renewable energy firms have faced similar problems as the government's changing viewpoint on the Feed-in Tariffs has left consumers uncertain about investing
The company offers an aluminium design, fabrication and installation service, specialising in aluminium windows, doors and curtain walling systems. The company works closely with a number of prestigious suppliers and subcontractors in order to provid...
The company provides a diverse range of solutions to clients across the healthcare sector, including temporary staffing, supported living, and complex care. To complement its core services, the business has developed its own app, enabling healthcare...
The company offers the hire of a wide range of high-quality, modern plant, access, and tools regionally. Priding itself on its outstanding customer service and large, loyal client base, the company also provides training for IPAF courses through an e...
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.