Justice Mark Sanfey appointed a provisional liquidator so that efforts can be made to find a buyer for the Hub subscription service. Photograph: Bryan O'BrienMore than 10,000 households using heating systems operated by remote control could be left without heating if a buyer is not found to take over the controller system, the High Court heard.
In the event of the company ceasing operations, it says these services would “immediately stop” and up to 10,000 homes left without heating. Householders would have to call in an electrician to bypass the system and install a new device before the heating system could be used again, Hub Controls says.Mr Justice Sanfey appointed Declan De Lacy of Azets Ireland as provisional liquidator with liberty to apply for additional powers if necessary before the case returns next month.
It also developed an expertise in processing similar energy credits for electric vehicle charging companies. Initiatives to rescue the business were taken including seeking to grow the number of paying subscribers, seeking a partnership with the Climote firm, restructuring loans and cost reductions.