It is with a great deal of regret that the Board of the Industrial and Power Association Ltd has reached the very difficult decision to cease trading on 30/6/2017 by moving to implement voluntary dissolution.
The timing of this decision means that the business will be able to continue to provide members with the normal service until the end of June 2017, pay all creditors and close the business in an orderly, professional and responsible manner. It is a priority for the Board that we honour all of our commitments during the winding-up process. The business currently conducted under the SEA brand will also cease at that time.
The changes we have witnessed across the energy industry have impacted many of our colleagues in oil and gas, renewables, nuclear and hydro with the knock-on effect for IPA. The Board, after careful consideration, extensive research, analysis and discussion, has reached the unanimous decision that matters are unlikely to improve in the foreseeable future.
This course of action enables us to give members three months notice of the closure and to continue to supply them with services during this period whilst allowing them to put in place suitable alternatives.
We hope that, after due consideration, members will find this to be the proper and sensible decision. The Board has enjoyed serving members in the past and we wish them every success in the future.
Finally, we especially hope that members will be able to attend our Knowledge Exchange meeting on 20/4/2017, it would be good and fitting to see as many of our members as possible at our final event.
Chair, Industrial & Power Association