Tue, 04 Jan 2011 | ADMINISTRATION
A home improvements business based in the North West has been placed into administration for the second time in under two years.
The Denton, Tameside-based Malbern Windows & Doors, which supplies uPVC windows and doors, has called in Sarah Bell and David Whitehouse from the Manchester office of insolvency firm MCR to act as administrators.
MCR is on the hunt for a potential buyer for the business, which operated from the 80,000 sq ft Malbern Industrial Estate and employed 160 people under the leadership of chairman Stuart Kenyon.
Alongside the potential sale of the business, a separate deal is likely to be struck to buy Conservatory Coloured Glass (Lancaster) Ltd, Malbern Windows & Doors' Heysham-based subsidiary. This deal would ensure that all workers could be re-employed.
Malbern Windows & Doors was initially set up as Droylsden Glass in 1981, selling only to trade clients. Malbern Windows was founded in 1983 and sold conservatories to private customers.
However, its predecessor firm Malbern uPVC Windows & Doors was forced to file for administration in early 2009 following the downturn in the UK housing market.
A 'pre-pack' administration deal was agreed upon with administrators Leonard Curtis to buy the business and assets back for £235,000 through Malbern Windows & Doors Ltd. But, despite making a pre-tax profit of £117,000 on sales of £12 million, the firm called in administrators once again in December last year due to ongoing financial woes.
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