UK business of wind turbine maker Endurance falls into administration
The UK businesses of small wind turbine manufacturer Endurance Wind Power Inc have been placed into administration in the wake of the bankruptcy of the Canada-based parent company.
Endurance Wind Power (UK) and Endurance Manufacturing (UK) are now being run by administrators from Grant Thornton, The Express & Star reported today.
Together the two companies employ 45 people, whose jobs are now at risk.
Eddie Williams, advisory partner in the Midlands, was cited as saying that currently all options are being explored, with the hope being to secure going concern sales of the businesses.
Commenting on the Canadian company's bankruptcy in early November, its chief executive Brad Bardua told local media that Endurance had been hit by the withdrawal of subsidies for small wind turbines in its main market, the UK, as well as the drop in the pound.