Falmouth-based renewable heat company EarthEnergy Ltd has gone into administration.
The company, which makes ground source heat pumps, appears to have been a victim of the public spending squeeze.
Managing director Brian Kennelly said: “Most of our business was related to the public sector and it pretty well dried up following the Comprehensive Spending Review in October.”
Administrators are said to be “very hopeful” of finding a buyer for the firm which was founded in 1996 and employs 24 people.
Ian Walker of Begbies Traynor said: “This company is at the forefront of the industry in pioneering green energy. There is likely to be considerable interest in the business and I am very confident the business will be sold as a going concern in due course.”
It is very sad news to hear that such a well respected company such as this ends up in administration weeks before the confirmation of the RHI. Richard Freeborn is quite correct that this has effected both Earth Energy and all renewable energy equipment suppliers and installers alike.
Quite a lot of EarthEnergy’s problems were due to Government announcing the RHI scheme, and then not implementing it.
The sooner they implement it, the better.
We have been putting a lot of pressure on Government to come good on their promises – with lots of support, by the way, from our MP Sarah Newton – and we hope that the RHI comes in to support both existing and new jobs in renewable energy.
Richard Freeborn
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