UK Windows & Doors Group Limited (12645385): administration
- Status
- Administration ended
- Administration began
- 2023-10-02
- Administrators
- Matthew Steven Roe, Richard Michael Hawes
- Administrators' firm
- Teneo
- Formerly
- Amcomri 11 Limited
- Incorporated
- 2020-06-04
- Location
- Queensway
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- Weak consumer demand
- Rising costs / inflation
- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Due to the loss of a major customer last year, the Company implemented a turnaround plan, supported by additional lending facilities from its funders. This plan was being implemented and included a cost reduction programme, the rationalisation of manufacturing facilities and the closure of the Tewkesbury extrusion business, moving to a third-party extrusion
supplier. uPVC extrusion at the Tewkesbury facility ceased in September 2023 albeit some other value-add processes continued.
Economic uncertainty due to high consumer price inflation, rising interest costs and the associated reduction in consumer confidence, led to house builders slowing down their build programmes and retail window companies experiencing a fall in demand as home-owners delayed discretionary spending on the refurbishment of their properties.
Administrators' statement of proposals (2023-11-30) · Companies House register