Double glazing firm goes into administration after 'cash flow difficulties'

Tue, 05 Sep 2017 | ADMINISTRATION

A double glazing and conservatory installation business from Oadby has been placed into administration after experiencing "cash flow difficulties".

Energy & Security Limited had strong operations in Leicestershire where they delivered several hundred installations per year, but issues with revenue resulted in duress from a number of trade creditors.

Adam Spradbury, the managing director of EAS, said: “It is with sad regret that EAS Windows has been placed into administration.

“To all of our customers, thank you for your business over many years.”

To protect the interests of the current customer base, EAS Windows’ work in progress and ongoing order book was sold on the same day to JLD Windows, run by a former salesman of EAS. All 14 of the EAS's employees have lost their jobs.

JLD Windows owner Mr Patel was formerly a self-employed salesman for EAS. He said: “Having worked closely within the business for a number of years it seemed right to pick up the baton and work with the customers to present a solution, rather than allow the business to fall by the way side.

“I will be contacting customers over the coming days and weeks but should anyone have any questions or concerns I would be more than happy to speak with them with a view to resolving any issues.”

View businesses in administration here.
Subscribe to Business Sale Report here.


Share this article



Latest Businesses for Sale

Indoor Activity Centre
Warwickshire, UK Wide

Well established and impressive children’s indoor activity centre. Prominent and accessible trading position, excellent reputation. Superbly presented throughout, 70 covers, car parking, retirement sale. The business has a thriving 100 cover café wit...

Asking Price: £450,000
Turnover: £306,000

LEASEHOLD


Day Nursery
Yorkshire and the Humber, UK

Highly impressive detached children’s day nursery (Reg 40 children). Sought after and accessible setting, truly enviable reputation, Ofsted rating ‘Good’. Superbly presented, potential living accommodation, viewing recommended. This is a rare and exc...

Asking Price: £595,000
Turnover: £344,207

FREEHOLD


Nursery
Scotland, UK

The nursery operates 7.30 am – 6.00pm, 50 weeks of the year. The nursery occupies the entire ground floor, along with extensive outdoor play areas and a garden. The main entrance is from the front via a secure door entry system, with secure entry sys...

Asking Price: £650,000
Turnover: £478,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources