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York energy efficient products company placed into administration

Administration

| March 15th 2016

More News by Dave Broadbent

York energy efficient products company placed into administration

On 11 March 2016 Rob Sadler and Dave Broadbent of Begbies Traynor in York were appointed as joint administrators of Solarwall Limited.

The family business, which has traded in York for nearly 40 years, provided a range of energy-saving products including insulation, solar panels and heat pumps. It suffered as a result of a series of changes in recent years to government policy and energy suppliers’ commitments.

The company, located in Clifton, ceased trading on 11 March 2016 with all 21 staff being made redundant.  Begbies Traynor is currently marketing Solarwall’s brand and intellectual property assets.

Joint administrator Rob Sadler said: “It is sad to see the demise of such a long-established York business and the loss of local jobs.  Unfortunately, the spate of changes in government policy in the energy sector made it very difficult for Solarwall to forecast future work, leading to cash flow problems.

“We are currently trying to salvage what we can for the creditors by seeking a buyer for the company’s brand and IP.”

Sue Lamb, director of Solarwall Limited, added: “Since 1999, we have had to adapt to ongoing changes in government policy; in 2015 we concentrated our efforts on installing our renewable technology products when there was little activity from the energy suppliers on insulation and boilers, but the severe changes in the feed-in tariffs which came into force in January this year, proved to be the final straw.”

“We recently lost two not for profit organisations which work on fuel poverty alongside local authorities in Yorkshire and that had a further impact on our business.  They have been hit with the same problems, a lack of a strong, consistent government policy on energy efficiency, knee jerk reactions and letting the energy suppliers control the targets set upon them for their energy company obligations.”


About the author

Dave Broadbent

Partner

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Dave began working in the insolvency sector in 1997 and in 2005 became one of the country’s youngest insolvency practitioners, taking formal appointments at David Horner & Co.
 
Having assisted David Horner with growing his own practice, which was acquired by Begbies Traynor in 2007, Dave created Broadbents Business Recovery Services (in 2010) with Andrew Peace. Following rapid expansion during the following five years, their business was purchased by Begbies Traynor in March 2015.
 
Dave specialises in small- to medium-sized owner-managed businesses, using the experience and skills obtained from a number of years within the sector, as well as those gained from running his own company. Whether it’s a PAYE employee, a self-employed trader or a director of a limited company, Dave takes pride in being able to find a number of solutions to a wide range of problems.
 
Using skills honed in his brief time as a schoolteacher, Dave has also run a number of seminars in Yorkshire and the North East for individual firms of accountants and solicitors and for larger groups of professionals at their well-attended spring/autumn events.

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