North East energy consultancy Great Annual Savings has fallen into administration with the loss of more than 100 jobs after a restructuring plan was rejected at a High Court hearing.
The former Sunderland AFC shirt sponsor, based in Seaham, County Durham, had put together a plan in a last ditch bid to counter a winding-up order tabled by HM Revenue and Customs. The company operated for 10 years in the energy sector, helping businesses to reduce their variable costs in energy, water, telecoms, merchant services and insurance, but has now ceased trading.
The company had traded through challenging times in the pandemic when staff had to be furloughed, but had built up liabilities owed to HM Revenue and Customs and has since been challenged …
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