Weathershield Windows Limited placed into Administration
“Luton based frame fabricators, Weathershield Windows Limited (the Company), has been placed into Administration by the Directors of the Company on Monday 6th January 2014. Gary Shankland and Kirstie Provan, of national corporate rescue and recovery specialists Begbies Traynor, have been appointed as Joint Administrators.
The Company has now ceased trading and around 60 staff are regrettably likely to be made redundant with immediate effect.
The Joint Administrators commented today “We are undoubtedly conscious of the effects that the redundancies will have on the Company’s workforce, and the individuals concerned however there is no other option at this time given the financial position of the Company. We will be working extremely hard to assess all viable options for the future of the business and are hopeful that we will find a purchaser for the whole or part of the business in the near future, which will allow for some employees to secure ongoing employment. Whilst there are enquiries from certain interested parties, the outcome is far from certain at present”
“For enquiries regarding the company, contact the Begbies Traynor’s London office on 0207 398 3800.”
Gary joined the London office of Begbies Traynor in 2004, having previously worked for Tenon Recovery. He is a member of The Insolvency Practitioners Association and R3 and has a broad range of experience covering all forms of Corporate Recovery and Personal insolvency.