Creditors
Creditor FAQs
What does ‘going into administration’ mean?
Going into administration means the Company is being taken under the management of an administrator (a licensed insolvency practitioner). The administrator assumes control of the Company from the current directors Administration is one of a number of insolvency processes.
What is an administrator?
An administrator is an officer of the Court and is qualified to manage the affairs of a business when it is insolvent. It is their role to take control of a Company’s affairs when it is in financial difficulty and try to find a longer term solution for it.
The administrators act as agents of the Company and without personal liability.
Who are the administrators?
The administrators are Helen Laura Wheeler-Jones, Timothy Andrew Higgins and Edward Williams of PricewaterhouseCoopers LLP (the “Administrators”).
What has happened?
Following a period of significant financial strain arising from contract losses, increasing creditor pressure and constrained liquidity, the Company had been pursuing opportunities to secure a long-term future through a sale of all or part of the business.
Despite a comprehensive marketing process, no viable offers were received for the business and the Company entered administration on 24 July 2026.
Following their appointment, the Joint Administrators completed a sale of certain intellectual property assets to Thermserve Limited. Unfortunately, due to the nature of the asset sale, it was not possible to preserve any roles within the Company.
As a result, 66 employees were made redundant on appointment, with four retained to support the joint administrators’ in winding down the Company's operations for a short period.
We appreciate this news will be disappointing. The administrators will be in touch with suppliers and creditors in due course with further information regarding next steps.
Future supplies
While the Companies are not going to trade in administration, there will be some essential supplies needed to facilitate an orderly winding down of the business. We will reach out to these suppliers over the coming days. Please note that the Administrators will ONLY pay for supplies where instruction to continue supply has been provided in writing by the Administrators.
I have goods on site, can I get them back?
If you believe you have a Retention of Title claim over goods or a claim over a leased asset that you have supplied to the Company please contact the Administration team at:
uk_mechatherm_creditors@pwc.com
Can I claim as a creditor?
If the Company owes you money prior to the administration appointment date, you will be an unsecured creditor of the administration estate. You can submit an unsecured claim for the amount you are owed into the administration estate.
Further information on submitting a claim into the administration and to download a proof of debt for completion, please visit the Administrators website at www.pwc.co.uk/mechatherm
Based on what we know currently we don't think there will be sufficient realisations to enable any distribution to unsecured creditors of the Company.
If you have any further queries, please email:
uk_mechatherm_creditors@pwc.com
What further information on the Administration will I receive?
The Joint Administrators will publish a report via the case website to all known creditors and members of the Companies including their report on the pre-packaged sale achieved by no later than 31 July 2026. This report is known as the Joint Administrators’ proposals and will outline steps taken by the Administrators to date and the strategy going forwards.
The Joint Administrators are also required to provide a written update on the administrations to all known creditors every six months. This report will be published to the case website within one month of every six month anniversary or earlier if an Administrator vacates office or an extension to the administration is granted.
