Report says 'all 71' staff at a Coalville company lost their jobs after it went into administration

By Coalville Nub News Reporter

7th Jan 2024 | Local News

Coalville Glass and Glazing went into administration last October. Photo: Instantstreetview.com
Coalville Glass and Glazing went into administration last October. Photo: Instantstreetview.com

It has been claimed that all 71 staff at a Coalville-based manufacturer and installer of windows, doors and conservatories lost their jobs after the firm collapsed into administration last October.

A report by Thebusinessdesk.com says documents issued by administrators show a confused picture at Coalville Glass and Glazing, in Old Station Close, with management largely absent from the company.

Opus Restructuring was called in on October 12 after a notice to appoint administrators had been posted on the same day.

It was posted by Optimum SME Finance, which holds a charge over the company.

The website says 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 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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