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Shareholder and co bid to oust Worthington Nicholls’ board

THE BOARD of air-conditioning installer Worthington Nicholls faces being removed from power by shareholder Simon Beart and two others, according to a report by the Manchester Evening News.
Worthington Nicholl's acting chief executive Alaistair Stoddart, directors Christopher Neilson, David Levis and non-executive director Stephen Mulligan face being culled and replaced by Simon and businessmen Rodney Mann and William Good, according to the paper.

Last week (October 15) Mark Worthington stepped down as CEO at Worthington Nicholls and it was Alaistair Stoddart who has taken up his post until a 'more suitable' permanent candidate is found.

Mark Worthington stepped down on the day the firm's board of directors announced it expects to write off 6.5m from the group's net assets. The group's troubles, made worse by a summer of contract delays, led to a review of the company's accounting practices by KPMG.

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...


High temperature CO2 heat pump increases hot water efficiency

Mitsubishi Electric has announced the launch of a new commercial heating system running on CO2 (R744) to deliver hot water up to 90°C and help businesses increase the efficiency of hot water production whilst significantly reducing their carbon ...


Fridge Freezer Direct Introduces J & E Hall's range of Cellar Cooling

Reliable and energy efficient, the JCC range of cellar coolers are designed to be used in wine and beer cellars above or below ground.
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