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Safestyle In Administration – Industry Comment Reserved And Enraged
With Safestyle entering administration on 30 October, the GGF’s MD John Agnew and the chairman of the National Federation of Glaziers have both had...
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Jobs Saved As Livingston Windows Business Bought
After Ken Pattullo and Jamie Taylor of Begbies Traynor were appointed as joint administrators of Livingston’s Evoframes, a sale of the business and assets has been completed.
The business went into administration on 17 January 2024 with 76 jobs in the balance. All 76 personnel have seen their jobs saved.
Established in 2020, Evoframes is a major supplier of fenestration products to trade customers across Scotland, including trade counters, builders, joiners and window fitters. Offering a wide range of bespoke PVC-U windows and doors, it also has its own dedicated fleet of trucks delivering direct from its factory to the customer.
Crippling interest
Unfortunately, the company suffered from rising interest rates, together with reduced customer demand and increasing raw material costs, resulting in it becoming unviable.
Following an accelerated M&A process to find a buyer for the business, a pre-packaged sale to Rooms & Views took place. Based in Buckley, North Wales, Rooms & Views is a long-established window manufacturer.
Ken Pattullo, managing partner at Begbies Traynor in Scotland, says: “Unfortunately, like many businesses, Evoframes was severely impacted by higher interest rates as well as increasing costs over the last year. We are pleased to have completed a sale which sees the business continuing in the hands of new but experienced owners and providing a more secure future for the 76-strong workforce.”
Picture: Ken Pattullo, managing partner at Begbies Traynor in Scotland.
www.begbies-traynorgroup.com/offices/glasgow-insolvency-practitioners
Article written by Cathryn Ellis
25th January 2024