Gas Tag Ltd Business Update
Gas Tag Ltd Business Update
The effects of COVID-19 have impacted Gas Tag Limited significantly, which has led to the business needing to secure additional finance to continue to trade. Despite the hard work and dedication of our teams, Gas Tag Limited was unsuccessful in securing this finance.
Unfortunately, on 14th October 2020, this has resulted in Gas Tag Limited being placed into Administration. The Administrators are supporting the business by allowing it to maintain business as usual whilst they seek a buyer.
Whilst the past couple of days have been challenging, the business has retained a dedicated team to ensure that our customers and key stakeholders will continue to receive all of their ongoing services and also have continuity of key contact personnel throughout the period of administration.
We are grateful for the support we have received during this difficult time.
S J Woodward is licensed in the United Kingdom to act as an insolvency practitioner by The Institute of Chartered Accountants in England and Wales and J P Sumpton is licensed in the United Kingdom to act as an insolvency practitioner by the Insolvency Practitioners Association. The affairs, business and property of the Company are being managed by the Joint Administrators, S J Woodward and J P Sumpton, who act as agents of the Company only and without personal liability. The Joint Administrators may act as data controllers of personal data as defined by the General Data Protection Regulation 2016/679, depending upon the specific processing activities undertaken. Ernst & Young LLP and/or the Company may act as a data processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrator’s appointment. The Office Holder Data Privacy Notice can be found at www.ey.com/uk/officeholderprivacy.at www.ey.com/uk/officeholderprivacy.