A Midlands-based double-glazing firm has fallen into administration after grappling with what have been described as “cash flow difficulties”.
EAS Windows Ltd, a business which ran a showroom in Leicestershire, had specialised in orangeries and conservatories and is understood to have carried out hundreds of installations each year.
Now however, with duress being applied by a number of “trade creditors”, the administrators have been called in and all 14 employees have lost their jobs.
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.”
It was revealed in the Leicester Mercury that the company’s ongoing order book had been sold on to another outfit – JLD Windows. This was designed to protect the existing customers.
Owner Jeet Patel, who was formerly a self-employed salesman for EAS, 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 wayside.
“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.”
Administrators said that while it had not been possible to ensure the sale of the business as a going concern, the deal that was done had been the best possible outcome in the circumstances.