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Government winds up solar firm following insolvency investigation

Insolvency Service officers will be contacting solar panels installation contractors to see if they are owed money by a firm wound up for mis-selling.

Solar Energy Savings Limited, which marketed and sold solar panel systems to the public, has been wound up by the High Court in Manchester following an investigation by the Insolvency Service.

It had a turnover of more than £50m, gained through telephone and face-to-face marketing of panels.

An Insolvency Service spokesman said: “We believe they used contractors to install panels and it is our job to go through the names of all the suppliers and contractors on their books to see if they are owed money.

“Winding up means we seize their bank accounts and assets but we do not yet know how much money is there.”

The service is part of the Department for Business, Innovation and Skills. Among its roles is to conduct investigations into companies when the public interest requires this.

The investigation found Manchester-registered Solar engaged in serious mis-selling including high pressure sales tactics during home visits, misrepresentation and other illegal practices.

Investigation supervisor Scott Crighton, said: “Solar Energy Savings Limited persistently and deliberately flouted both statutory regulations and industry standard selling practices in order to generate sales and widely promoted a non-existent scheme in order to induce members of the public into signing a contract.

“These proceedings make clear that the Insolvency Service will take firm and decisive action to protect the public against such objectionable practices.”

Solar Energy Savings made false claims that it was part of a government backed scheme, overstating panels’ performance and the savings generated and wrongly claiming to belong to a trade body.

The firm did not admit misconduct but did not object in court to the winding up order, the Insolvency Service said.

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