200 North East jobs to be created through new venture taking on energy broker misselling

Two North East businesses have teamed up on a mission to seek compensation for misselling by energy brokers.

Newcastle-based Winn Solicitors has partnered with Gateshead-based Panoserve to claim back millions of pounds in compensation for businesses ripped off by energy brokers.

Winn Solicitors intends to hire more than 150 new employees as part of the new venture, while PanoServe plans to take on 45 workers.

The partnership already has 16 legal challenges set to get underway to claim back more than £2m in compensation for businesses.

Jeff Winn, chief executive of Winn Solicitors, commented: “This is an exciting new venture to help businesses ripped off by unscrupulous business energy brokers.

“They have nothing to lose and everything to gain by allowing us to assess if they have been mis-sold and pursuing those responsible where they have.

“Miss-selling is very common. When we checked we were shocked to find we had been miss-sold.”

Gerald Krasner, director of PanoServe, added: “The energy landscape is changing - businesses are facing challenges never seen before with rising energy costs and a need to reduce carbon emissions in an incredibly tough economic climate.

“The issue is that without regulations in place, brokers have been able to mis-sell energy contracts for decades. We’ve uncovered millions of pounds in mis-selling, and through our partnership with Winn Solicitors we’re now ready to embark on the legal process of reclaiming this money for businesses.

“We’re delighted to be creating jobs in the north-east as we seek to lead the UK in the energy claims market. Our aim is to help businesses fully understand their energy profile, explaining costs, consumption, and carbon reduction so that we can all live in a greener, cleaner world.”

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