Home Private Equity Over 70 jobs lost at private equity-backed glazing firm

Over 70 jobs lost at private equity-backed glazing firm

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All 71 staff at a stricken Leicestershire manufacturer and installer of windows, doors and conservatories lost their jobs after the firm collapsed into administration last October, TheBusinessDesk.com understands.

Documents issued by administrators show a confused picture at Coalville Glass and Glazing, with management largely absent from the company.

Opus Restructuring was called in on October 12 after a notice of appointment to appoint administrators had been posted on the same day. The notice had been posted by Optimum SME Finance, which holds a charge over the company.

There had been a spate of director resignations at Coalville Glass and Glazing last Autumn, with five people stepping down in the space of two weeks at the end of September and the beginning of October.

The firm was set up 45 years ago by Ray and Beryl Whitehorn over 45 years ago.

In 2022, the firm was bought by private equity group Opulentia Capital. At the time, Paul Seabridge, CEO at Opulentia, said: “We’re delighted to have the opportunity to build upon what the Whitehorn family and their team have created and look forward to watching them grow. We’re looking forward to making further acquisitions in this sector in the future.”

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