Contract Natural GAS Limited (02897253): administration
- Status
- Administration ended
- Administration began
- 2021-12-17
- Administrators' firm
- Interpath Advisory
- Incorporated
- 1994-02-11
- Location
- London
- Industry
- 35220 Distribution of gaseous fuels through mains
Why it went into administration
- Regulatory change or action
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Creditor pressure / legal action
- Property / lease costs
- Loss of key people
From the administrators' statement
The Company was incorporated in February 1994 and was wholly owned by Group. Following a corporate reorganisation in November 2019, CNG Group Limited was split into the retail business, CNG Energy Limited and CNG Electricity Limited, and the shipping business, the Company. Please see the wider CNG Group structure set out above.
The principal activity of the Company was the operation of a wholesale gas supply business which provided gas, balancing and shipping services to 29 suppliers, who in turn served approximately 1.2 million meter points.
The Company traded from leasehold premises in Harrogate, North Yorkshire, covering four floors of the building under three separate leases, all in the Company’s name.
Administrators' statement of proposals (2022-02-02) · Companies House register