Climate Energy Homes Limited (07721855): administration
- Status
- Administration ended
- Administration began
- 2018-01-10
- Administrators
- Geoffrey Paul Rowley, Philip Lewis Armstrong
- Administrators' firm
- FRP Advisory
- Incorporated
- 2011-07-28
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Loss of key people
- Parent or group failure
From the administrators' statement
The Company was incorporated in July 2011 and operated out of an office in Winchester. Its main function was the construction of housing incorporating the Eco TECH Passive House Build System The Company completed three projects with clients Circle Housing (Rainham, Essex), Quadrant Construction (Oakfield Road), Volker Fitzpatrick (LSIPS Building) and had one mayor ongoing project with Kter Construction at seven sites in Enfield, Middlesex.
The Company was part of a wider group on Companies owned by Climate Energy Holdings Ltd (CEHL). The Group provided energy efficiency services and advice and funding solutions to local authorities, registered social landlords, homeowners and businesses The wider group was impacted by the government's withdrawal of the Eco/Green deal initiatives and the reduction of feed in tariffs, particularly photovoltaic and biomass systems.
The government changes led to a material fail in the profitabilty of the wider group and by October 2015 the shareholder decided it was unable to continue to provide financial support and a number of the group Companies entered Administration
Administrators' statement of proposals (2016-01-25) · Companies House register