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.
Major Ripon employer Wolseley celebrates 50 years in city todayOne of Ripon’s biggest employers is set to celebrate its 50th anniversary today.
Wolseley UK, which supplies building materials, is holding a family open day to coincide with the reopening of its head office.
The company, which employs more than 320 people in the city, is set to welcome all employees back today after its offices underwent a £500,000 refurbishment.
Face painting, a coconut shy and a performance from the Ripon City band will take place.
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Mayor of Ripon, Eamon Parkin, will cut the ribbon on the grand reopening.
Danny Bryan, employee engagement officer at Wolseley, said:
“Naturally, we’re incredibly excited about this step forward for our business, and it is sure to have a profound, positive impact on the local community worth shouting about.”
The company began life in Ripon in 1971 as The Wolseley Hughes Group.
It was based on Boroughbridge Road, where it remains to this day, and was made up of three companies OBC, Yorkshire Heating Supplies and Granville Controls.
In 1985, the company expanded its site and by 1996 was known as Wolseley Centres.
Parent company Ferguson sold Wolseley UK to a private equity firm, Clayton, Dubilier & Rice, for £308m in January.