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Everest To Go Into Administration

Published on : 29th April, 2024 | Updated on : 29th April, 2024
Robert Moore

Written ByRobert Moore

Marketing Manager


+447584583884

Rob has over a decade of experience in web and general marketing. He has extensive knowledge of the Insolvency sector and has helped many worried directors with their questions.

Rob is now working with the Board at KSA Group Ltd to develop strategic marketing programmes to support the business plan and drive more company rescues.

Robert Moore

ReSolve administrators were appointed on Friday to oversee the operations of Everest 2020 Ltd. They will look for a buyer to save all or a portion of the company.

More than ten years ago, after it needed a reorganisation, the specialised double glazing company was purchased by British venture capitalist Jon Moulton’s investment firm Better Capital.

Afterwards, the Covid-19 outbreak struck Everest especially hard; as a result, Better Capital put the company in a pre-pack administration in June 2020, sparing hundreds of jobs.

Everest operated a manufacturing facility in Treherbert, Wales, in addition to its headquarters in Cuffley, Hertfordshire.