Solar panel company ordered into liquidation for illegal sales tactics
A solar panel sales company has been ordered into liquidation after an investigation found it had engaged in serious mis-selling practices.
Solar Energy Savings Limited (Solar) marketed and sold solar panel systems to the public, however, an investigation found that the company used high pressure sales tactics, misrepresentation and other illegal or irregular sales practices.
According to the Insolvency Service, who carried out the investigation, customers were falsely led to believe that Solar was part of a government backed or officially authorised scheme providing discounts of up to 30%.
Solar's salesmen consistently overstated the performance of the panels and the return on investment likely to be achieved by the customer.
Solar also failed to maintain adequate accounting records, preventing the Investigator from obtaining accurate information about sales and cancellations, customer deposits and the true nature and extent of payments made from its bank account.
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.
The company was forced into liquidation on July 26 by the High Court in Manchester.