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Enpure placed into administration

Date: Fri, 7 Sep 2012 | Author: Paul Sanderson

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Birmingham-based process engineering and project management company Enpure has been placed into administration.

The business, which specialises in the waste, energy and water sectors has appointed Mark Hopkins, Matthew Hammond and Steve Ellis of PwC as joint administrators of Enpure Limited and Enpure Holdings Limited.

Enpure has a turnover of £65 million and employees 160 people  and was recently announced as the sub-contractor to provide the design, supply, installation and commissioning of technologies for the Glasgow mechanical biological treatment and anaerobic digestion facility for Interserve and Viridor.

The company has been placed into administration following a challenging period in 2012 which has seen it experience significant creditor pressure.

Due to the extensive pressure on working capital on a small number of large projects, the company could not continue to trade as a going concern.

As a result, the directors of the company requested that its funders place the business into administration.

Company operations are on hold pending discussions with customers and contractors, and the administrators have entered into a period of consultation with employees.

PwC partner Matthew Hammond said: “Our immediate priority is to review the existing financial position, explore available restructuring options and develop an effective strategy for the business, with a view to realising best value for the creditors.

“We are in discussion with a number of parties who have expressed interest in certain assets and contracts of the business, but would encourage any further interested parties to contact us as a matter of urgency.”

Category: Energy
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