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Another Solar Company Folds

September 29, 2016

By Paul Homewood 

 

A sign of the times.

 

Dave Ward spotted this in his local paper:

 

image

 

The address actually belongs to a firm of solicitors, which is presumably handling the winding up. The company was based to the east of Norwich.

However, when Dave looked for more detail on Renewable Technologies (UK) Ltd, he found this on their website:

 

image

http://renewabletech.co.uk/

 

According to Solar Guide, Renewable Technologies (UK) Ltd specialised in Domestic and Business Solar PV (Electricity), stating:

 

 

Renewable Technologies Ltd are a commercial and residential solar PV and electrical contractor. We have installed over 1500 residential systems and over 1.5 MW of on roof commercial systems. We employ all our own highly trained staff and our products are sourced direct from manufacturer. We provide a 10 year guarantee as standard covering parts and labour.

We only use quality products and have excellent references, our clients include many district councils, schools, and large PLC companies. We do not hard sell.. we offer a great quality service at good prices with excellent warranty backup. We are fully accredited and install nationwide.

 

It is sad whenever anybody loses their job, but there will be many other cases like this one, up and down the country. And all will have been caused by the market distorting subsidies introduced in the first place.

Meanwhile, customers are left in the lurch. One wonders how many will lose deposits, or be left with unfinished work. Meanwhile, the 10-year guarantee is completely worthless.

17 Comments leave one →
  1. Joe Public permalink
    September 29, 2016 12:39 pm

    Strangely, they forgot to admit that what happened was that solar deployed more-rapidly than expected, due mainly to the generous subsidies that were originally on offer.

  2. CheshireRed permalink
    September 29, 2016 12:46 pm

    If a business is entirely reliant on government subsidy then it’s not really a proper business, is it.

  3. Oliver K. Manuel permalink
    September 29, 2016 12:49 pm

    Thanks for another reminder of the damages inflicted on other by inflated egos of political leaders.

  4. Harry Passfield permalink
    September 29, 2016 1:27 pm

    Well, if it’s subsidy that kills businesses (and in this case, it is) then NS Oil/Gas is next as, according to Labour’s Barry Gardiner (Andrew Neil interview yesterday) they get a whopping 75% subsidy through tax breaks. /s

    • Gerry, England permalink
      September 30, 2016 12:59 pm

      They can’t seem to understand that taking less tax is not a subsidy. Or they believe in some mythical environmental cost of fossil fuels that they aren’t paying and even though it doesn’t exist this is some kind of tax break.

  5. 2hmp permalink
    September 29, 2016 1:32 pm

    the writing was on the wall from the very first. Many people in the renewables industry probably went in for a quick buck knowing that such subsides could not last.

  6. September 29, 2016 2:35 pm

    Paul,
    More likely the liquidation will be being done by an insolvency practitioner other than this solicitor. It’s commonplace for small limited companies to have a solicitor firm – which was probably the agency that created the company for the directors in the first place – as their ‘registered’ office.

    Shifty businessmen, (who may suspect that the business may not be long term) keep their operational offices out of the public eye so they don’t get too bothered by creditors when they go under. Sometimes they have two or more companies operating from one operations address, and some even have the registered offices of these, with different solicitors.

    Not that I’m suggesting at all that this is the case in this instance of course.

  7. September 29, 2016 3:15 pm

    If this is a final winding up then the company probably ceased trading long ago, and this will be just an interment of the corpse. Looks like creditors’ meetings were recorded for this company in June 2014 and the company was likely in trouble before that.

    If you google ‘Renewable technology creditors’ you’ll see that they are only one of many companies with similar names that have sued for bankruptcy/ entered liquidation or administration in the last few years.

    But, then again, reams of companies seem to think it is a good idea to have ‘renewable’ in their title or mission statement, even if they couldn’t care less about the subject! As you can see every minute or so written on vehicles travelling our major roads. It is an astonishing, all-pervasive madness of the time!

  8. September 29, 2016 3:32 pm

    A few less parasites leaving of the public.

  9. tom0mason permalink
    September 29, 2016 3:49 pm

    A correction to the stated reasons for this company folding —

    Renewable Technologies (UK) Ltd
    USED A BUSINESS PLAN THAT RELIED ON HOODWINKING THE PUBLIC THROUGH A FOOLISH GOVERNMENT’S LARGESS. THIS GOVERNMENT HAS SINCE SEEN SENSE AND RIGHTFULLY PUT THIS COMPANY OUT OF BUSINESS!

  10. markl permalink
    September 29, 2016 3:55 pm

    Tip of the iceberg. All the low hanging fruit has been picked by the myriad of PV companies and there’s not enough business remaining to make them viable even if they still had subsidies. In the years to come we may see what the true lifespan of the panels is as they deteriorate to the point of insufficient output and the owners have no warranty recourse. The panels will become liabilities and eyesores.

  11. John F. Hultquist permalink
    September 29, 2016 4:11 pm

    “… a 10 year guarantee as standard covering parts and labour . . .
    … with excellent warranty backup

    Just wondering: Our heating/air-conditioning is air-sourced “heat pump” with the major parts supplied by well established major corporations. (now well past the initial guarantee)
    The installation was by a very small local, 1 owner, place. Actual installation was by hourly workers he hired as needed. At other times they also put up rain-gutters.
    Even now, years later, the manufacturer of the equipment is still functioning. I could get parts and service – if needed. Currently yearly service is available from the new business owner, or from another company that sells a different brand.

    Solar PV technology and the companies have changed so rapidly – and now the local installer (in this case Renewable Technologies Ltd) is gone …
    Is it correct to assume that now, as the equipment fails, it becomes junk that the owner will have to deal with at his/her/its own expense? Options are to leave it in-place and non-functioning, remove and recycle, send to landfill.
    Maybe one or two could be donated to a museum!

  12. September 29, 2016 11:00 pm

    The website in 2016 just says

    Due to changes in government policy and the reduction in subsidies Renewable Technologies are no longer trading

    em the motion to liquidate was called “02 July 2014 ” ..isn’t that well before subsidy cuts was mentioned ?
    meeting notes

    “That it has been proved to the satisfaction of this meeting that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and, accordingly, that the Company be wound up voluntarily ..

    They have a Subsidiary RENEWABLE TECHNOLOGIES HOLDINGS LIMITED small less than £60K

    Paul’s previous story(Norwich) Solar Firms Going To The Wall MARCH 30, 2016
    Eco Juice details debts of £800K
    Absolute Renewable Energy (UK) debts of £45K
    There is no overlap of directors between the 3 corps

  13. September 29, 2016 11:02 pm

    It is strange that 20 companies of the name XYZ Renewable Technologies exist.
    I wonder if there is a common template like they are part of a sales marketing system where people set up a sales team who collect orders which they subcontract to solar installers and collect the subsidies themselves.
    ..No obvious overlap of directors though on a quick search

    Last time I said “In UK solar installers are going bust, so be careful if they owe you money.”

    Paul said “It is sad when any business goes under and employees lose their jobs. But unfortunately the solar industry in the UK never was a sustainable one, relying wholly on government subsidies to be viable.”

  14. September 29, 2016 11:05 pm

    There is an interesting line in one of their planning permission documents PDF

    Policy ENG1 of the East of England Plan requires that in developments of 10 dwellings or more or 1000 square metres of non-residential floorspace development should secure at least 10% of their energy from decentralised, renewable and low carbon sources

    That regulation guarantees biz for renewable pushers.
    Wonder if the regulation makers are the same guys who end up as directors renewable corps ?

  15. songhees permalink
    September 30, 2016 2:32 am

    I would like to tell you of my latest book, “Human Caused Global Warming”.
    The Biggest Deception in History.
    Available on ‘Amazon.ca’ and ‘Indigo/Chapters’.
    Trial date for Dr Michael Mann vs Dr Tim Ball, February 20th, 2017.
    http://www.drtimball.com

  16. Ben Vorlich permalink
    September 30, 2016 10:30 am

    Meanwhile, the 10-year guarantee is completely worthless.

    This may not be the case. We had a fitted kitchen from MFI just before the final liquidation. It came with a 5 year guarantee, if I remember correctly. The dishwasher which came “free” broke down three times and was eventually replaced all done by a third party insurance after MFI ceased trading. Possibly this company and others will have done something similar.

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