31 May '15, 11pm

Scottish insulation firm calls in administrators blaming 'rollercoaster' carbon trading market:

An insulation firm in Dundee appears to have become the latest victim of the government's decision to water down the ECO domestic energy efficiency policy, after it was forced to call in administrators last week. Sustainable Energy Scotland (SES) has appointed Begbies Traynor as provisional liquidators, Charlene Carson, manager at the insolvency firm, told BusinessGreen . According to local reports, the move has led to 40 people being made redundant, although 15 people may be redeployed to RedwellGB, a heating company also owned by SES managing director Callum Milne. In a statement reported by the Courier , Milne blamed the "rollercoaster" carbon trading market and "significant bad debt" for the demise of the company. SES was formed in 2012, targeting energy efficiency upgrades in homes and on small construction projects. Milne said much of its work was funded by ECO, whic...

Full article: http://www.businessgreen.com/bg/news/2410771/scottish-ins...

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