The UK subsidiaries of Endurance Wind have been place into administration following the collapse of its Canadian parent company.
Sarah O’Toole and Eddie Williams of Grant Thornton UK have been appointed administrators of Endurance Wind Power (UK) Ltd and Endurance Mftg (UK) Limited. The companies are wholly owned subsidiaries of Endurance Inc which is located in Vancouver, Canada.
The companies, which employ 45 people, install and maintain wind turbines in locations across the UK with a manufacturing facility in Hartlebury, Worcestershire.
There are about 900 Endurance turbines in operation in the UK, mostly the 50 kW E-series model, in addition to several of the 225 kW X-series
Manchester-based partner Sarah O’Toole said: “Whilst the impact of the changes to feed-in tariffs in the renewables sector has had a detrimental impact on the recent trading performance of the UK subsidiaries, the manufacturing and maintenance businesses have remained cash generative and profitable.
“The recent bankruptcy of the Canadian parent company has resulted in essential central services being withdrawn from the UK operations which has led to the director reluctantly taking steps to place the companies into administration.
O’Toole added: “At this stage we are exploring all options, we are hoping to achieve going concern sales of the businesses and in doing so preserving jobs for the employees.
“In the meantime, it is a priority for the wind turbines across the UK to remain operable and we are working with the employees and the Canadian Receiver to ensure this happens.”