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

Logistics Company
North West, UK

This logistics business operates within two large industrial centres providing storage, courier and haulage services from single parcel up to palletised freight. Offers invited.

Asking Price: £750,000
Turnover: £3,800,000

LEASEHOLD


Vehicle Repair Garage
Lancashire, UK Wide

The garage was originally established in this location by our clients in 1986. This family run business, benefits from repeat loyal trade and word of mouth recommendations. Our clients are now looking to sell the business, due to the desire to take a...

Asking Price: Offers Invited
Turnover: £304,000

LEASEHOLD


Marine Repairs & Chandlers Concern
Worcestershire, UK Wide

This multi-facet business offers marine engineering and repairs as well as a popular retail chandlers. The business was originally founded by our client in 1995. The business is owner run and managed with the assistance of 4 full time and 3 part time...

Asking Price: £125,000
Turnover: £356,759

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
Aug
 

Administrators called in for energy technology firm Faraday Grid | ADMINISTRATION

Faraday Grid, an Edinburgh-headquartered energy transformer ...

 
22
 
Aug
 

Welsh technology firm plunges into administration | ADMINISTRATION

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

 
21
 
Aug
 

Solicitors Title LLP buys Somerset law firm in pre-pack administration | ADMINISTRATION

Somerset-based law firm, Broomhead & Saul LLP, has been save...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
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...

 
18
 
Jun
 

Administrators called in for West Midlands contractor | ADMINISTRATION

A contractor based in Aldridge, West Midlands has collapsed ...

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