THE boss of an Isle of Wight energy firm today (Monday) said the company was not closing down, although parts of it were being wound up.
Wight Energy managing director Ben Lansley-Brown said parts of the company were going into liquidation, but pledged the business would continue and there would be no job losses.
"We didn't get paid for a couple of large mainland contracts and the loss was unsustainable, so we had to close parts of the business down. But the core of the business — gas, heating, plumbing — will continue and no-one will lose their job," he said.
"It's very upsetting this has happened but the main thing is the employees are safe and will continue to have jobs.
"Wight Energy as a company is still going forward and, in terms of work coming through the door, we have no issues. Our order book is very full," he added.
Mr Lansley-Brown said he was 'not in a position' to say which parts of the company were being wound up.
Wight Energy is based in Shooters Hill, Cowes, and opened a shop in St Thomas Square, Newport, last summer.
A notice of liquidation proceedings has been issued by accountancy firm Chantrey Vellacott, based in Southampton, and a meeting of creditors convened for February 20.