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Sunday, October 11, 2015

PETERBOROUGH COUNCIL 'HEATABOROUGH' CONTRACTOR THE MARK GROUP LIMITED GOES BUST.... and now sold back to management!


Markgrouplogo.jpg
                                        IN ADMINISTRATION



Mark Group buyout 'safeguards about 235 jobs'

 
Nisha Chopra
BBC Radio Leicester newsreader
The administrators Deloitte have announced that they've sold the Leicestershire firm Mark Group.
BREAKING NEWS: The solar energy company based in Beaumont Leys has been sold to a company operated by members of the previous senior management team of Mark Group, called BillsaveUK Limited. Administrators say the management buyout safeguards about 235 jobs
Any Peterborough resident that has paid a deposit as part of the Heataborough (Green Deal Communities Scheme) to the council appointed contractor The Mark Group, can say goodbye to the money and possibly expect a few pence in the pound at a much later date. The firm has suddenly gone into administration and by the time the secured creditors and the liquidators extract their fees then very little is usually left over.


But that isn't the gung-ho misleading message coming from an unnamed council spokesman who shrills:

We are aware that The Mark Group has been placed into administration and are in the process of talking to their administrators.

“The Mark Group was one of several contractors appointed to install solid wall insulation in homes as part of the Heataborough scheme (Green Deal Communities scheme)

“Residents who have works either due to start or that haven’t been completed will no doubt be worried. ( YOU BET READ THE STATEMENT BELOW! )

“Our main priority currently is to get a clear understanding of the situation and to fully understand the number of residents that may be affected by this news.

“We want to reassure residents that we are committed to do all we can to support those who have paid deposits to either have the work completed, or their deposits refunded.  

The only bright light on the horizon for bilked residents is that if the resident parting with a deposit paid at least £100 of this this using a credit card, then they will have a claim against the credit card company for the full amount (even if the balance over £100 was paid using cash) under Section 75 of the Consumer Credit Act.

We say this as Mrs Gillian Beasley, the PCC Chief Executive is a solicitor, and should have briefed her PR spokesperson accordingly. The council simply has no say in the administration and subsequent liquidation of the contractor. The unnamed spokesperson is simply being misleading.


On 7 October 2015, Chris Farrington, Matt Cowlishaw and William Dawson, partners in Deloitte LLP, were appointed Joint Administrators of Mark Group Limited – In Administration (“the Company”) 

The affairs, business and property of the Company are currently being managed by the Joint Administrators. The Joint Administrators act as agents of the Company only and contract without personal liability. The Joint Administrators are authorised by the Institute of Chartered Accountants in England and Wales (ICAEW).

Residential & Domestic Customers (Solar Panel and Insulation Installations)

Regrettably, all appointments have been cancelled for surveys and installations. We will be writing to customers shortly.

For the PV (solar panel business) the customer contracts are with SunEdison and not Mark Group Limited. SunEdison have released the following statement for customers and will be speaking directly to customers. "SunEdison will continue to look after our existing customers, honouring existing planned installations via our channel partners."

If you have any queries in the meantime, please contact the dedicated customer service team on 0800 633 5036 or via email on UKFAmarkgroupcustomers@deloitte.co.uk   

New build (Insulation)

 The New Build business will continue to trade for a short period of time whilst a sale of the business and assets is pursued. A member of the Joint Administrators’ team or the Company’s management team will contact you shortly to discuss the position.


If you have any specific queries regarding New Build work in the meantime, please contact the Company’s head office and ask to speak to the New Build sales team.

Suppliers

 The Joint Administrators are not personally adopting any contracts that may have been entered into by the Company, nor are they personally liable in respect of them. Suppliers will be contacted directly in relation to future orders. If it is necessary to place orders with you for goods and services, such orders must bear the signature of the Joint Administrators or one of their authorised representatives.


If any orders placed by the Company prior to the Administrators’ appointment have not yet been completed, these should not be delivered unless you receive written confirmation, from the Joint Administrators or one of their authorised representatives, that the goods and services are still required.

Certain creditors may have a Retention of Title (ROT) claim over goods in the Company’s possession. If you believe you have an ROT claim please contact one of the Joint Administrators’ duly authorised representatives via email on UKFAmarkgroupsuppliers@deloitte.co.uk  
to make the necessary arrangements to deal with your claim. Such claims should be supported by relevant documentation.


BACKGROUND:

Mark Group started in 1974 as a small family-run business, installing cavity wall and loft insulation in Leicestershire, under the name Mark Insulations. The company was overhauled in 2006, with the introduction of renewable technology options; by 2007, the company had grown from 400 to over 1000 employees.

In 2013 Mark Group was recognised as the 'Fastest Growing Business' in the UK's Sunday Times HSBC International Track 200 Awards.

Following a change of government policy, it was announced in 2014 that Mark Group were cutting 670 jobs across the UK.Mark Group USA went out of business in December 2014. In February 2015, Mark Group New Zealand was placed in liquidation with staff laid off.

The business was sold on the 15th July 2015 to SunEdison Inc a major US corporate with a market capitalisation on the New York Stock Exchange of $9 billion. As part of the deal the previous owners, the Cottingham family left the business. On 7th October 2015. The firm went into administration. SunEdison Inc has also announced it is quitting the UK see: http://parkfarmneighbourhoodwatch.blogspot.co.uk/2015/10/major-solar-panel-firm-pulls-out-of-uk.html



Since posting this we've had a tweet:


Will honour the terms of the guarantee for CWI .
Any info to the contrary please let us
know. 
Claire Eades features in this Hansard report Click the link:





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OUR HUMAN RIGHT TO LAMPOON AND CRITICISE POLITICIANS

THE HIGH COURT has ruled....People have a right to lampoon and criticise politicians and public officials under the Human Rights Act, the High Court has ruled.

We have the full High Court judgment, saved as a page on here. l

ampoon (lampoon) Pronunciation: /lamˈpuːn/ verb [with object] publicly criticize (someone or something) by using ridicule, irony, or sarcasm: the actor was lampooned by the press noun a speech or text lampooning someone or something: the magazine fired at God, Royalty, and politicians, using cartoons and lampoons.

Derivatives: lampooner noun lampoonery noun lampoonist noun Origin: mid 17th century: from French lampon, said to be from lampons 'let us drink' (used as a refrain), from lamper 'gulp down', nasalized form of laper 'to lap (liquid).

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