Monday, May 10, 2021

Jobs lost as Nottingham gas cylinder firm enters administration

Nottingham business, Gas Container Services Limited, has entered administration, seeing 50 of the 53 roles at the company made redundant, with three remaining in employment to support the closure of the business.

Based across two sites in the Colwick Industrial Estate, Gas Container Services Limited provides a range of products and services for the testing, refurbishment, storage, transportation, and filling of gas cylinders.

The company has experienced significant financial challenges through the course of the COVID-19 pandemic. This has been largely due to the decrease in demand from its customers across the hospitality sector that have been closed following Government guidance for much of the past year.

John Lowe and Philip Pierce, partners at specialist business advisory firm FRP, were appointed Joint Administrators of Gas Container Services Limited on 9 April 2021, and are now actively looking for a new buyer for the business.

John Lowe, partner at FRP and Joint Administrator of Gas Container Services, said: “The COVID-19 pandemic has had a significant impact on businesses across the UK. The closure of hospitality firms throughout the pandemic has put substantial pressures on those in the supply chain, including Gas Container Services.

“We are now looking for potential buyers of the business as it has been unable to meet its financial obligations and has become insolvent. Our focus now remains on continuing efficient communication with creditors as part of our statutory duties while working with the staff to help them access the appropriate redundancy support.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close