CNG Central Services Co Limited (12358924): administration
- Status
- Administration ended
- Administration began
- 2021-11-30
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2019-12-11
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Loss of key people
From the administrators' statement
The Company was incorporated on 11 December 2019 and was a central services company providing servicing to the wider CNG Group. 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 to pay employee salaries and other general overheads on behalf of other Group entities.
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.
Administrators' statement of proposals (2022-01-18) · Companies House register