Jobs lost as liquidators unplug energy company

A STAFFORDSHIRE energy company has closed, with the loss of 29 jobs.

Purple Energy specialised in the design and installation of renewable heating systems for large domestic and commercial properties.

However it had got into trouble through a combination of reduced orders, the low oil prices and uncertainty about Government incentives.

John Paul O’Hara of JPO Restructuring and Lindsey Cooper of RSM Restructuring Advisory have been appointed joint liquidators of Purple Energy. As a result, the company ceased to trade and all employees were made redundant. Their claims are being dealt with by the Redundancy Payments Service.

Purple Energy was established in 2006 and was headquartered in Talke, Stoke-on-Trent. 

Joint liquidator Ms Cooper said: “The energy sector is facing increasingly challenging trading conditions – from fluctuation in oil prices to ongoing uncertainty regarding future government support and incentives.

“The company suffered from reduced activity due to this uncertain trading environment, and unfortunately liquidation became unavoidable.”