Monday April 29, 2024 Windows giant Everest crashes into administration

Around 350 jobs at risk while hunt starts for a buyer to salvage business

One of Britain’s biggest windows and doors suppliers Everest has crashed into administration putting around 350 jobs at risk

Administrators from ReSolve were appointed on Friday to handle the Everest 2020 Ltd business and will try to find a buyer to salvage all or parts of the operation.

The specialist double glazing company was acquired by British venture capitalist Jon Moulton’s investment firm Better Capital over a decade ago after it then required a restructuring.

Later the Covid-19 pandemic hit Everest particularly hard with it being placed in a pre-pack administration in June 2020 by Better Capital, saving hundreds of jobs.

Headquartered in Cuffley, Hertfordshire, Everest also had a manufacturing plant in Treherbert, Wales.