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Enact Energy Renewables Ltd (In Administration)

Administration

| June 3rd 2013

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Enact Energy Renewables Ltd (In Administration)

Ian Walker and Christopher Norman of the Exeter office of Begbies Traynor, the UK’s leading business rescue and recovery Specialist, were appointed on 30 May 2013 as Joint Administrators of Enact Energy Renewables Ltd. The Company traded from offices in Camborne, Cornwall, as a provider of renewable energy and insulation solutions to the private and commercial marketplaces.

29 members of the Company’s staff were made redundant on the appointment of the Joint Administrators on account of the Company’s insolvency. The Company has retained some of its employees to assist the Joint Administrators in conducting an orderly winding down of the Company’s affairs.

The Joint Administrators will now attempt to source a purchaser for some or all of the Company’s business undertaking and assets.


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Ian Walker

Partner

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Ian joined Begbies in 2000 from Pannell Kerr Forster after practicing insolvency for the previous 20 years with Big Four firms. A member of R3 and a Fellow of the Institute of Chartered Accountants in England & Wales (from which he also takes his Insolvency Licence, he is currently a member of the ICAEW Investigation Committee. Over the years, Ian has dealt with all types of insolvency and at least three recessions. Currently, his practice based in Exeter and Plymouth covers the whole of Devon & Cornwall (including the Scilly Isles), together with as much of Somerset and Dorset as he can get away with! He deals with all types of personal and corporate insolvency and also concentrates on pre- and post-lending review work for all the major lending institutions.

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