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Oct 2021

Last Updated: 29/10/2021

Business

Major Harrogate employer CNG 'enters liquidation'

by Connor Creaghan

| 29 Oct, 2021

The CNG Group, based on Victoria Avenue, is one of Harrogate's major employers with 180 staff. It is one of numerous companies affected by the spiralling increase in wholesale gas prices.

A member of staff at one of Harrogate's biggest companies has told the Stray Ferret that it has gone into liquidation today.

The CNG Group, which is based on Victoria Avenue and employs about 180 staff, is one of numerous companies affected by the spiralling increase in wholesale gas prices.

According to the source, staff were today informed they have lost their jobs.

The company supplies about 15 to 20 retail energy companies through its wholesale business arm and also has around 50,000 business customers.

The Stray Ferret understands that CNG has entered into the Supplier of Last Resort (SOLR) system and the administration and liquidation process.

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The employee, who requested anonymity, told the Stray Ferret:

"The staff were told to stay on and help the company close, they said that there was £12 million in the pot for redundancy pay outs.

"Just a couple of days later and today they have said that we will only be entitled to statutory redundancy through the government.

"There will be plenty of staff in a tricky financial situation, some have told me they are unsure how they will be able to pay their bills while they wait for the money to come through."

The Stray Ferret has approached the CNG Group for comment but had not received a reply by the time of publication.

Thank you for your interest in this story

Major Harrogate employer CNG 'enters liquidation'

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