System Building Products Limited has entered administration.
Conrad Beighton and David Griffiths of Leonard Curtis Business Rescue & Recovery were appointed Joint Administrators of the firm on 25th March 2020.
The Company traded from sites at Hinckley, Stafford, St Helens and Worcester, employing 71 staff. Its brands include Omnis and Burgess CEP.
Conrad said: “The business has faced considerable challenges in the external building products sector over the last three years but had continued due to its excellent market goodwill and reputation, underpinned by significant financial support from its parent company.”
An attempt had been made to secure a sale of the business over the last few weeks and, despite some genuine interest, potential acquirers were deterred by the current uncertainty and, as a result, all 71 employees have been made redundant.
Conrad continued: “Our focus now is to ensure that those affected employees are provided with all assistance necessary to enable them to claim for their entitlements as quickly as possible at this difficult time.”