The Mark Group blames recent government policy announcements for scuppering its turnaround plan
Almost 1,000 jobs were lost on Wednesday night as one of the UK’s leading solar- panel installers went into administration, blaming government changes in energy policy for its downfall. The Mark Group said it had been to bring in insolvency specialists because it was unviable due to ongoing losses at the Leicester-based business. So far the administrator, Deloitte, has made 939 redundancies, but a further 200 jobs are at risk unless a buyer can be found.
“The turnaround plan, which was already under way, focuses on solar PV, but the government’s recent policy announcements mean this is no longer viable,” said a statement from the company.
Source: Guardian Environment