The former management team of collapsed solar and wall insulation installer Mark Group has acquired the new homes division of the business from administrator Deloitte.

The newly-named company, BillsaveUK, will be based in Leicester and will focus on installing loft and cavity insulation for new homes, saving 200 jobs.

BillsaveUK Director, Bill Rumble said: “After the shock of last Wednesday, the mood in the team is not one of celebration.

“Our thoughts are very much with our friends and colleagues who lost their jobs last week. We will continue to do what we can to support them to find new opportunities.

“BillsaveUK will initially focus on the supply and installation of loft and cavity insulation for new homes to construction companies.”

Thousands of jobs in the energy-saving industry have been lost across the country as a result of government’s policy U-turns on energy efficiency and most recently, solar.

Rumble said: “We call on government to take seriously the issue the UK’s inefficient buildings and develop long-term policies to drive down the cost of energy bills.

“The UK has some of the lowest unit prices of energy in Europe, yet the highest energy bills. One of the reasons for this is this country’s inefficient buildings simply waste too much.

“Addressing this issue and balancing centralised energy generation with more locally produced power using technologies such as solar, will lead to lower energy bills and carbon emissions. Crucially, it will also go a long way to keeping the lights on.”