Investment Opportunity – Clean Cold Power in Administration

Sale Type: Private Treaty Sale
End date: 23/05/2024

Contact: Mark Edmunds
T. +44 (0) 1858 555434



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: T. +44 (0) 1858 555434


Expressions of interested are required by Thursday 23rd May



Schedule and Notices to Purchasers


in respect of the following Negotiated Sale By Contract


Sale by Contract: Sale by Paul Bailey and Tom Ahmad, Joint Administrators of Clean Cold Power UK Limited

Direction: Clean Cold Power UK Limited, Dearman Technology Centre, Unit 5 Stafford Cross Business Park, Stafford Road, Croydon CR0 4TU.

Viewing: Viewing and inspection of the tangible assets included in this sale will take place from 10.00am to 5.00pm during weekdays by prior appointment at the above address.  Wyles Hardy & Co Ltd may refuse access to the viewing and inspection of the goods to anyone in its discretion without giving any reason.

Car Parking: There is limited car parking on site.

Damage: Persons attending the viewing will be held liable for any loss or damage they cause, and shall meet all costs, expenses, damages, losses and liabilities incurred in the rectification of the damage so caused, as advised by Wyles Hardy & Co Ltd.

Form of Offer: All offers must be submitted on the basis of being the “Best and Final Offer” subject to VAT and with Proof of Funding and must be sent by email to no later than 12 Midday on Thursday 23rd May 2024 (unless circumstances dictate).  Any offers received after this deadline are unlikely to be considered by The Administrators.

Notification: The successful offeror will be advised by email or by telephone.    The sale will be completed by way of a legal contract which will be sent to the successful offeror by the Solicitors appointed by the Administrators.  It is Strongly Recommended that all interested parties use the services of a UK Insolvency Lawyer, who will be familiar with the process.

Value Added Tax: All assets are sold exclusive of V.A.T. which will be added to the Buyer’s sale accounts at the rate of 20%.

Insurance of the Assets: The Buyer is at risk from notified of acceptance of offer tendered and is advised to obtain immediate and adequate insurance.

Buyers of motor vehicles and/or road-going powered plant are responsible for ensuring that prior to use on the road, that in all respects the vehicle complies with all legal requirements as to the construction and the use of such a vehicle and furthermore for obtaining all certificates, permits and other authorisations necessary.

Smoking: Is not permitted at the premises where the goods are available for inspection.


Provision of Services

Information:  Wyles Hardy & Co. Ltd’s (whose trading style is Wyles Hardy & Co) principal place of business is Ley Hill Road, Bovingdon, Hemel Hempstead, Hertfordshire HP3 0NW, Great Britain.

Registered in England No. 2598566, Registered Office: 9 Bonhill Street, London EC2A 4DJ, Great Britain. VAT Registration Number: GB579 1851 94.


Please note Wyles Hardy & Co Ltd issue self billing invoices only.

Wyles Hardy & Co. Ltd operate a complaints handling procedure which is in compliance with the requirements of the RICS.

Professional indemnity insurance is provided by: Aegis E&O Consortium 4605 and 1414 at Lloyd’s, Under Binding Contract No: B1309LM2117536537, Square Mile Underwriting, 6 Lloyd’s Avenue, London, EC3N 3AX.