World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Dunham-Bush debts nearly £4m

UK: Creditors of Dunham-Bush Ltd are unlikely to receive any money after the Hampshire-based chiller manufacturer accumulated debts of nearly £4m.

The company went into administration on April 3 after “several” years of accumulated losses. Accounts for the 2022 calendar year revealed losses of around £909,000, with further losses for the two months to February 2023 being estimated at around £203,000. Unsecured creditors claims total £3,962,730.

Despite forecasting a profit of £200,000 for the current financial year through substantial cost reductions, subsequent cash constraints and an erosion of goodwill with suppliers meant the business began running out of critical component parts which was having a detrimental impact on sales.

Ultimately, a winding-up petition from steel supplier CJ Upton & Sons, in respect of an outstanding debt of £139,000, prompted the directors to file for administration.

Established in 1935 as the UK subsidiary of a US manufacturer, Dunham-Bush underwent a number of changes of ownership in recent years but continued to operate as a subsidiary of the wider Dunham-Bush group, which is now owned by the Chinese based State-owned Assets Supervision Administration Commission (52%) and Yantai Hongyuan Industrial Co Ltd (48%).

The company was a manufacturer of a range of HVAC products, including chillers, fan coils and radiant panels.

Latest News

22nd January 2025

Daikin forms Taiwan joint venture

MALAYSIA/TAIWAN: Daikin Malaysia Sdn Bhd, the Daikin subsidiary responsible for business in Southeast Asia and Oceania, has formed a joint venture for large-sized commercial HVAC equipment in Taiwan.
22nd January 2025

Sunswap expands UK manufacturing

UK: Sunswap, the UK pioneer in combined solar and battery technology for refrigerated trailers, has expanded its manufacturing capability with a new facility at its headquarters in Leatherhead, Surrey. 
22nd January 2025

Anderson named as Carter Synergy MD

UK: James Anderson has been appointed managing director of Carter Synergy and KB Refrigeration. 
22nd January 2025

Alloy stabiliser advances magnetic cooling

GERMANY: Magnetic cooling company Magnotherm claims a significant advancement in the technology by protecting magnetocaloric alloys from corrosion and mechanical fracture.
22nd January 2025

Pioneering lab to study mine water heating

UK: The Mining Remediation Authority has established a pioneering research laboratory in Gateshead to expand the potential of mine water heat technology.
21st January 2025

Scottish home for Panasonic’s first propane heat pump

UK: A five-bedroom bungalow in Thurso, Scotland, is the first property in the UK to install Panasonic’s propane Aquarea 9kW M Series heat pump.