Aperture Trading Limited has entered administration.
Operating from premises in Huthwaite, Nottinghamshire, the company specialises in PVC-U extrusion as well as fabricated window, door and conservatory solutions.
Chris Pole and Will Wright were appointed as joint administrators on Monday 16 March.
The joint administrators are attempting to trade the business whilst they seek a buyer, with 330 members of staff retained to assist with this process. Regrettably, 121 of the company’s 451 staff were made redundant on appointment.
Tim Bateson, Restructuring Director at KPMG, said: “Despite significant and ongoing restructuring of the business last year following its acquisition of Synseal Group’s assets, Aperture Trading has suffered from significant market headwinds, trading pressures and a decline in sales.
“Over the last few weeks, we have been exploring sale options for the company and unfortunately none of the interest received presented a viable solution. As a result, this led the directors to take the difficult decision of placing the company into administration.
“Our focus over the coming days and weeks will be to seek a buyer for the various elements of the business and to liaise with those employees who have been made redundant, ensuring they are provided with the support and information they need.”