pikestaff
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Post by pikestaff on Feb 3, 2016 9:07:23 GMT
I understand that Mosscliff Enviromnental Limited is in liquidation, which may have been triggered by the early termination of the subsidy regime. Mosscliff is/was the contractor engaged to procure, install, and maintain many of the wind turbines funded on AC (and other platforms).
I am not too worried about this where the turbines have already been installed. Other maintenance providers should be available. But I don't think they have all got to that stage.
Please could AC update us as to the position on all affected loans.
[Mods - I am putting this on the pink board because I cannot find evidence that it is in the public domain although this surprises me. I'd prefer it to be on the public board if poss.] Has now been moved - thank you.
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Post by Come_on_Grandad on Feb 3, 2016 9:43:06 GMT
I understand that Mosscliff Enviromnental Limited is in liquidation, which may have been triggered by the early termination of the subsidy regime. Mosscliff is/was the contractor engaged to procure, install, and maintain many of the wind turbines funded on AC (and other platforms). I am not too worried about this where the turbines have already been installed. Other maintenance providers should be available. But I don't think they have all got to that stage. Please could AC update us as to the position on all affected loans. [Mods - I am putting this on the pink board because I cannot find evidence that it is in the public domain although this surprises me. I'd prefer it to be on the public board if poss.] The company name appears in a list here ... www.creditman.co.uk/news/meeting-of-creditors-liquidation-notices-section-98-of-the-insolvency-act-1986-18-january-2016/Does that count as being in the public domain?
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pikestaff
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Post by pikestaff on Feb 3, 2016 10:02:37 GMT
Yes it does. Thank you.
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oldgrumpy
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Post by oldgrumpy on Feb 3, 2016 10:03:11 GMT
I would think that discussing Mosscliff in relation to a group of loans is not a problem because Mosscliff is not (any more) one of our borrowers. Naming of K****** on public pages would not be allowed.
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kermie
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Post by kermie on Feb 3, 2016 13:13:18 GMT
Like pikestaff, where a wind turbine is generating already, I am not that concerned - other maintenance contractors will step in. I asked a QnA about one of the loans (N***h L****n WT) because it was not clear to me who was the maintenance contractor. |
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jjc
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Post by jjc on Feb 3, 2016 13:23:43 GMT
kermie my notes (haven't checked) tell me that it was Enercon (the turbine manufacturer/supplier & also the party that erected it). If that's so then nothing to worry about. I have a big holding in that loan (& am often distracted) so feel free to poke me if any news :-) (ever!) :-)) ..might doze off for a few mnths now.. ;-0
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jjc
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Post by jjc on Feb 3, 2016 14:00:39 GMT
chris , I think the "Last update" column is not working, judging by 23rd Sep latest specified on 90, despite kermie's Q yesterday. In fact the sys says no loans updated today..
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sl75
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Post by sl75 on Feb 3, 2016 14:12:23 GMT
chris , I think the "Last update" column is not working, judging by 23rd Sep latest specified on 90, despite kermie's Q yesterday. In fact the sys says no loans updated today.. I thought the last update was currently designed to show only ANSWERS as an update (to avoid frustration when people see an "update", and it's only someone asking a question like "what happened to the update we were due to have had?")
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kermie
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Post by kermie on Feb 3, 2016 15:50:22 GMT
kermie my notes (haven't checked) tell me that it was Enercon (the turbine manufacturer/supplier & also the party that erected it). If that's so then nothing to worry about. I have a big holding in that loan (& am often distracted) so feel free to poke me if any news :-) (ever!) :-)) ..might doze off for a few mnths now.. ;-0 Thanks, jjc. Given the LTV and good generation for that loan, I am pretty relaxed - in fact, am still trying to increase my holding. I suspected it was not Mosscliff given they are mentioned explicitly in all credit reports where relevant (I hope!), but good to hear the name of the actual company.
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am
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Post by am on Feb 3, 2016 17:24:50 GMT
Does anyone recall the details about what was happening with Carmarthenshire?
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kermie
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Post by kermie on Feb 3, 2016 17:52:29 GMT
Does anyone recall the details about what was happening with Carmarthenshire? We will find out in due course. My notes tell me to avoid this one: (i) generation is well below expectation at 60% at best. (ii) Water ingress early on (iii) Requiring subsidy from K*******. (iv) Maintenance by Mosscliff - who have gone bust. All in all, I decided to walk away from that one.
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