Leonard Curtis Business Rescue and Recovery can confirm that iCD Energy Limited – the Rotherham- based installer of domestic and commercial metering – was placed into administration on 18th May 2018 with Richard Pinder and Sean Williams appointed as joint administrators.
The business entered administration as a result of a loss making contract which meant the company suffered a build-up of trade liabilities.
Legal action was imminent and therefore appropriate steps were taken by the directors to preserve the business.
After a period of marketing the administrators concluded a pre-packaged sale of the company business to a connected party. This resulted in the transfer of all six employees to the new purchasing entity.
Leonard Curtis Business Rescue and Recovery is part of the Leonard Curtis Business Solutions Group (LCBSG).
For further media information, please contact Karen Winstanley or Sue Souter at Souter PR on 01625 839 319 or email firstname.lastname@example.org / email@example.com
Back to updates