It is predicted 60 members of staff will be made redundant, which Begbies Traynor admits was the only option ‘given the financial position of the company’. They go on to say ‘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’.
Begbies Traynor were appointed administrator for Luton based company, Weathershield Windows Limited, on 6th January 2014. They were appointed by the Directors of the double glazing supplier, which has since stopped trading, to try and find a suitable buyer(s).