Jobs threat at Sussex clean power company

One hundred jobs could go at a clean energy company facing closure in Crawley and Horsham.

Ceres Power, based in Horsham and Crawley, announced it had been unsuccessful in securing future funding for the business.

The company had been trying to secure additional funding for its small-scale combined heat and power energy efficient boiler.

Shares in the company have plummeted from a high of 17.50p to 1.68p this year.

In a statement to the Stock Exchange a spokesman for Ceres said: “The company will continue to explore all strategic options including a sale of the business, cancellation of the listing and in the absence of any alternative proposals commencement of an orderly wind down of the business.”

Will you be affected if Ceres closes? Do you know somebody who will? Email

Comments (1)

Please log in to enable comment sorting

7:50am Thu 18 Oct 12

ShorehamBeachcomber says...

A plc relying on funding?
A plc relying on funding? ShorehamBeachcomber

Comments are closed on this article.


About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree