Investment Opportunity – Clean Cold Power

Sale Type: Business Sale
End date: 23/05/2024

Contact: Mark Edmunds
T. +44 (0) 1858 555434
E. Mark.edmunds@wyleshardy.com

 

Description

Clean Cold Power UK Limited has appointed Paul Bailey and Tom Ahmad of BABR, as Joint Administrators of the Company.

The Company which started trading following the purchase of the business and assets of the Dearman Engine Company in 2020, has developed the Dearman Transport Refrigeration Unit (TRU), a zero emission TRU, which runs on liquid Nitrogen and is powered by the revolutionary Dearman Engine.

Key features include:

  • Costs less and quieter than Diesel TRU to operate
  • Superior refrigeration performance than Diesel TRU
  • Refill in less than 10 minutes
  • Already tested in USA and UK, now at pre-production phase

Unfortunately, the company found itself unable to secure the additional funding required to run the final stage developments and was forced to cease trading.

The Joint Administrators are seeking to sell the Company’s assets including the intellectual property of the Dearman TRU and any interested parties should contact: Mark.edmunds@wyleshardy.com T. +44 (0) 1858 555434

https://www.youtube.com/results?search_query=clean+cold+power

https://www.channel4.com/news/zero-pollution-refrigerated-truck-trailers-trialled-to-cut-diesel-use

https://www.bbc.co.uk/programmes/p078552m

https://www.bbc.co.uk/sounds/play/m000r368

 

Expressions of interested are required by Thursday 23rd May

Schedule and Notices to Purchasers    AJ1030 BUSINESS SALE Schedule and Notices to Purchasers V1