The liquidation of a council-run energy company is due to complete more than a year after it was taken in-house.
Enviroenergy had operated as a separate company, providing heating for around 5,000 homes and 70 businesses including the city’s Motorpoint Arena.
A decision was made by Nottingham City Council in 2021 to bring it in-house while the legal entity was liquidated.
At the time, the council said the company had been profitable every year since 2013, apart from 2017.
The Local Democracy Reporting Service said Environenergy was being propped up by numerous loans before being brought in-house, with 11m remaining unpaid as of November 2021.
However, the transfer of assets to the council was completed in December 2021.
The council sai…
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