More than 100 jobs have been lost after a County Durham energy consultancy collapsed into administration.
Great Annual Savings, based in Seaham, had spent 10 years helping businesses to reduce their energy costs – but a host of factors, including the impact of Covid-19 on energy consumption, as well as the energy crisis and ongoing war in Ukraine, meant the business was no longer able to continue.
The former Sunderland AFC shirt sponsor, based in Seaham, County Durham, had put together a restructuring plan in a last ditch bid to counter a winding-up order tabled by HM Revenue and Customs, but the court didn’t sanction the plan at a hearing this week and the company was immediately placed into administration.
