NMBS speaker buys back own firm after administration

The Ploughcroft Building Services business solar panels installer network has gone into administration with the loss of 15 jobs.

The business, set up by Chris Hopkins with £120,000 backing from the Dragons Den TV show, lost the backing of Deborah Meaden and Theo Paphitis six months ago.

Hopkins spoke at this Summer’s NMBS Conference about his experiences in getting the funding and how he became the first roofing contractor with an NVQ solar roof training centre and CSCS centre in the UK after setting up a training centre.

He blamed the Government’s cut in the rate of the Feed-In-Tariff as well as the poor weather conditions over the Summer.

Huddersfield administrators DL Partnership will sell all the firm’s assets and goodwill to Hopkins, who will now trade as Ploughcroft Ltd as a one-man band. He hopes to use some of the 120 sub-contractor solar installers who qualified through his training centre.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

Check Also

insulation general image LR

Government to fund £1bn home insulation scheme

The Government is to spend up to £1bn on another scheme to improve the insulation …