Jon Beard and John Walters, partners at Begbies Traynor, have been appointed as joint administrators to Southern Solar Ltd, a high profile solar panel installation business based in the south of the UK
The firm - which was established in 2002 by CEO Howard Johns, former chairman of the Solar Trade Association, and delivered solar electric and solar thermal equipment to commercial, public sector and domestic clients - operated from sites across Wales and the south of England.
John Beard, Begbies Traynor partner and joint administrator, said: ‘It is without doubt that the removal of the Feed-in Tariff subsidy has had a significant impact on the business of the company. Prior to the administration we had been seeking a buyer for the business in the hope that its future could be secured. However, this proved unsuccessful and we have been left with no option but to wind the company down.’
As a result of the business closure a total of 21 employees have been made redundant. The joint administrators said they are assisting employees in order to expedite their claims following the closure of the business and are examining opportunities to transfer a number of outstanding contracts.
Southern Solar is the second green energy operation this month to announce it has been forced to close as a result of recent changes to renewable energy subsidies introduced in the Summer Budget.
Earlier in October Deloitte were appointed joint administrators of Mark Group Ltd, an energy advice and installation company based in Leicester, which collapsed with the loss of over 900 jobs.
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