Home News Jobs lost as Everest enters administration

Jobs lost as Everest enters administration

Everest 2020, formerly known as Everest Home Improvement, has entered administration, with job losses announced. 

The window and door producer, which is headquartered in Hertfordshire, employs 96 people at a factory site in Treherbert, Rhondda, Cynon Taf. WalesOnline reports that most of these staff were made redundant on Monday, April 29.

Administrators ReSolve said they had “regrettably” made the decision to make staff redundant and were now in talks to explore an asset sale which would help it fulfil existing customer contracts and orders with Everest.

One of the UK’s largest double glazing providers, Everest previously collapsed in 2020 when it entered administration after the Covid pandemic. It was later saved via a new company called Everest 2020 Limited, which acquired its operations and order book. It is understood the firm currently employs around 350 people.

A statement from ReSolve administrators said: “ReSolve administrators have assessed all options available to Everest, including a possible sale to interested parties. Unfortunately, it was not possible to finalise a sale of the business as a going concern and therefore regrettably the administrators had to make the majority of Everest 2020 staff redundant on April 29. The administrators are now in advanced talks with interested parties to explore the possibility of an asset sale that would help secure existing customer contracts and fulfil customer orders. A further announcement will be made in due course.”

Buffy Williams, MS for Rhondda, said she was “absolutely devastated for the workers at Everest in Treherbert”.

Chris Bryant, MP for Rhondda, said he had spoken to work and pensions minister Mel Stride and that the department would be “forming a dedicated team to ensure that the workers receive the necessary support to find new jobs and financial assistance. The team will work closely with employees to provide the necessary support to find new jobs as quickly as possible,” he said.

Source: www.walesonline.co.uk

Read more here: https://www.total-fabricator.co.uk/everest-2020-assets-sold-to-anglian/

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