CNG Energy Limited (03869419): administration
- Status
- Administration ended
- Administration began
- 2021-11-30
- Administrators' firm
- Interpath Advisory
- Formerly
- Total Energy GAS Supplies Limited
- Incorporated
- 1999-11-01
- Location
- London
- Industry
- 35230 Trade of gas through mains
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Property / lease costs
- Loss of a key customer, supplier or contract
- Regulatory change or action
- Loss of key people
From the administrators' statement
The Company was incorporated on 1 November 1999 and changed its name from Total Energy Gas Supplies Limited on 31 January 2020. A corporate reorganisation was undertaken in November 2019 which resulted in the current group structure set out above.
The principal activity of the Company was the supply of gas to approximately 32,100, mainly commercial, customers which equated to c.46,500 meter points.
The Company traded from leasehold premises in Harrogate, North Yorkshire, and was wholly owned by CNG Group. The Company had three statutory Directors until 20 October 2021, when the group CFO formally resigned as a statutory Director. Whilst he remained in his operational post as CFO until the date of administration, there were two statutory Directors from 20 October 2021 until administration.
Administrators' statement of proposals (2022-01-21) · Companies House register