Apr 28 2011 By Craig Robertson, Dumfries Standard Friday
CREDITORS of a debt-ridden energy firm have moved a step closer to obtaining answers over the company’s affairs.
A meeting of the many local firms and individuals owed money by Waste2Energy Engineering is being lined up for the middle of May.
It’s being organised by Irene Harbottle of Glasgow-based WD Robb & Co who was appointed liquidator of the company by Dumfries Sheriff Court.
She said yesterday: "I will be contacting all the creditors and will be holding a creditors meeting in Dumfries in three weeks time.
"It will provide them with an opportunity to discuss their views and bring up maters for the attention of the liquidator.
"Anyone who believes they are a creditor should make contact with WD Robb & Co on 0141 222 3800."
The scandal over Waste2Energy Engineering emerged following an investigation by the Standard which showed the extent of the company’s unpaid debt.
More than a dozen local firms have claims totalling several hundred thousand pounds.
Waste2Energy Engineering set up office at the Crichton in Dumfries in 2009 to work on the Scotgen energy firm’s waste plant on the outskirts of the town.
Two weeks ago at Dumfries Sheriff Court, one of their creditors – Cochran of Annan – were successful in an action to have them placed into liquidation.
The company’s directors then said the court move would prevent them from making any payments to creditors.
It had previously been hoped that a takeover bid by a Canadian firm – Waste to Energy Canada – would provide funds for debt payment.
Creditors have long been calling for answers from Waste2Energy Engineering over how the debt situation occurred.
One of its smallest creditors, Ian White of Nith Valley Embroidery who is owed £750, said: "We need answers on why this company failed to pay any of its bills and why these debts have went unpaid for so long."
Liquidators will be looking at the assets of the firm of which there are thought to be few.
Bank accounts and the Waste2Energy Engineering relationship with its related companies will also be examined.