Fri, 27 Apr 2012 | ADMINISTRATION
Window and door supplier Launahurst Ltd, trading as Launa Windows, has been placed into administration with administrators appointed to manage the sale process.
Ian Walker and Chris Norman of Begbies Traynor have been brought in to the Newton Abbot-based home improvements firm, which had a 70-strong workforce before 60 of them were made redundant on entering administration.
Mr Walker is confident that it will sell as a going concern due to its good brand name, its long-standing history and its strong reputation.
Founded in 1974 by the current managing director’s father, the family firm is a market leader in uPVC windows, conservatories and doors in the South West of England. Hit by the recession the business also suffered from falling customer spend, and the high costs of its payroll. It reported sales of £5 million in 2011.
Jonathan Hewitt, Launa’s managing director commented on the situation: “Having experienced four previous recessions, and endured numerous other boom-then-downturn periods resiliently, it is with sincere regret that we have unexpectedly tripped at this late stage.”
Numerous subcontractors have stayed on board to finish existing orders and installations.
This business presents a robust opportunity with an established client base across multiple sectors and a strong management team.
LEASEHOLD
Acquire a reputable accounting practice in the North West with decades of industry experience. The business has cultivated an impressive client profile, which includes a healthy proportion of limited companies.
A well-established accounting practice in West Sussex is now available for acquisition, presenting a unique opportunity for expansion or entry into a thriving market.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.