Ploughcroft in Administration

[whinmoor]

More time for body-building...

 

[Eco Deal]

sad to hear another firm might be going down . I feel sorry for the staff , and xmads closing in

 

[Eco Deal]

Deborh did say at the last board meeting ''theres nothing in solar pv for that reason Im out''

 

[Somecamel]

WOW- That is all

 

[sedgy34]

I may be mistaken but the bloke had a porche he must have drained it with greed oh well he can go back to being a roofer

 

[Somecamel]

I just checked their credit score- 5 out of 100- bad

 

[sambotc]

Surprised but unsurprised in the same moment!

 

[solarsavings]

I've been reading on another forum where a lot of the guys have or are giving it up as the returns are just not worth the hassle from real and mcs now.
Maybe in another 18 months or say the number of installers will be so low that those remaining will have their businesses on a firm footing but I doubt it.

 

[Energetic]

Has this made the local news up that way? imagine it will get some coverage given he's had plenty of airtime to say he's the best at everything.

The same journalists that built them up will be the first to revel in their downfall.

 

[dansk]

nope not heard anything, it (supposedly) only happened Friday afternoon, i guess Monday will be the tell tale sign.

 

[Worcester]

Deborah Meaden sold out her shares back to Chris Hopkins and the other shraeholders at it's peak just before the crash in the industry, at the time he has happy to buy them back at the price she asked !!.

That's why they're called Dragons! - And as entrepreneur investors - they ALWAYS have an exit strategy for their money.

She will not be shedding dragon tears

 

[Gavin A]

oh really. But she only invested in the summer last year didn't she, and the peak was what last Autumn?

that'd explain a lot though if they pulled a load of money out at that point, at the same time as losing a lot of financial backing and business experience from the board.

 

[Somecamel]

Ploughcroft goes out of business | Renewable Energy Installer

He does say he will be back under a different name The art of phonixing!!

 

[dansk]

There you go - all all those systems that they installed now dont have anyone to go back to! and those customer think the one man bad type are more of a risk!

 

[Energetic]

A quote from him in May:

“The Feed-in Tariff was too good anyway; 21p is the right place for it and those people who are whinging are the get-rich-quick brigade. In a sustainable industry you don’t want them because all they do is take the cream off the top and go bust,” he says.