Thursday, July 16, 2020

Huthwaite window and door company ceases trading after a lack of acceptable offers

Trading is to cease immediately at Huthwaite-based Aperture Trading Limited.

Following the appointment of joint administrators Chris Pole and Will Wright from KPMG’s Restructuring practice, on 16 March, no acceptable offer for the company, which specialises in PVC-U extrusion as well as fabricated window, door and conservatory solutions, has been received.

Upon the appointment of the administrators, 121 of the company’s 451 staff were made redundant. Now, the majority of the remaining staff will also be made redundant.

Tim Bateson, restructuring director at KPMG, said: “We have continued to trade the business since our appointment to enable time for a sale of business process to take place. Unfortunately, no acceptable offer has been received following this accelerated marketing process and as a result, trading will cease immediately.

“Whilst we will be retaining a small skeleton workforce in the short term to assist us with the wind down process, the majority of the 330 staff will regrettably be made redundant. All affected staff have been informed and will be paid for their time working for the joint administrators. We’d like to thank all employees for the support, service and co-operation they have provided to the company, both before and during the administration.”

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