# CNG Electricity Limited (09263237)

> Why UK company 09263237 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09263237

- **Status:** Administration ended
- **Administration began:** 2021-11-30
- **Administrators:** Howard Smith, William James Wright
- **Administrators' firm:** Interpath Advisory
- **Formerly:** Silver Energy Supply Limited
- **Incorporated:** 2014-10-14
- **Location:** London
- **Industry:** 35140 Trade of electricity

## Why it went into administration

- Funding withdrawn / unable to refinance
- Regulatory change or action
- COVID-19
- Sustained trading losses
- Cash flow / liquidity pressure
- Loss of key people

## From the administrators' statement

The Company was incorporated on 14 October 2014 and changed its name from Silver Energy Supply Limited to CNG Electricity Limited on 18 June 2016. A corporate reorganisation was undertaken in November 2019 which resulted in the current Group structure set out above.

The principal activity of the Company is that of an electricity supplier, supplying electricity to small and medium enterprises which equated to approximately 306 meter points.

The Company traded from leasehold premises in Harrogate, North Yorkshire, and was wholly owned by CNG Group. The Company had two 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 was only one statutory Director, the CEO, from 20 October 2021 until administration.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09263237/filing-history/MzMyNjg2MjU2MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09263237

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.