AWARD-WINNING Burnley company Gavin Ward Ltd has gone into administration – but its heating and plumbing division will continue trading.
Gavin Ward Ltd, founded in 1968, specialises in heating installation, particularly through the last Government’s Warm Front scheme across the North-West.
But it is believed the decision of the Coalition Government to scrap the scheme last year contributed to falling revenue, and subsequently the decision of company bosses to seek administration at the High Court.
A spokesman for Gavin Ward said: “For some time staff have been aware of the difficulties the business has been facing and I am grateful for the tremendous effort they have all put in.
“A cut-throat trading environment and major changes to government policy in how domestic insulation services and repairs are funded is hitting our industry hard. It has become necessary to focus Gavin Ward Ltd’s efforts solely on the heating side of the business.
“As a result, it is with regret that I can confirm the closure of the company’s insulation and building services divisions, with the loss of those people employed in that division. Unfortunately, we will lose some good people. The heating and plumbing division will remain with us. We must now look forward as a company.”
The company, which employs around 50 people, provides heating, insulation, renewables, plumbing and building services from its base in Northbridge House, Elm Street.
Manchester firm of chartered accountants CLB Coopers is acting as administrator.
Partner at the firm Mr Mark Getliffe said: “We are hopeful that part of the business value can be realised.”