Enact Energy Renewables has gone into administration only a few months after being awarded Green Deal provider status.
The company was the first in Cornwall to receive provider status from the Department of Energy and Climate Change and was named as one of the first 22 Green Deal pioneers, which included other construction giants Wilmott Dixon and Carillion.
Business restructuring advisors Begbies Traynor have been appointed as Enact’s admnistrators, and have made 29 members of staff redundant as a result of the company’s insolvency.
Enact has been operational for more than 25 years, working with 100 local authorities on 300,000 properties. Despite a project pipeline of £100 million on 10,000 properties over the next five years, and a recent deal with the Residential Landlords Association to provide Green Deal upgrade work, the Tolvaddon-based company will be winding down soon, with offers for purchase of the company’s assets and undertakings currently being sought.