Chris Pole and Will Wright were appointed as joint administrators of Aperture Trading Limited on Monday.
Operating from premises in Huthwaite, Nottinghamshire, the company specialises in PVC-U extrusion as well as fabricated window, door and conservatory solutions.
The joint administrators are attempting to trade the business whilst they seek a buyer, with 330 members of staff retained to assist with this process. Regrettably, 121 of the company’s 451 staff were made redundant on appointment.
Tim Bateson, Restructuring Director at KPMG, commented: “Despite significant and ongoing restructuring of the business last year following its acquisition of Synseal Group’s assets, Aperture Trading has suffered from significant market headwinds, trading pressures and a decline in sales. Over the last few weeks, we have been exploring sale options for the company and unfortunately none of the interest received presented a viable solution. As a result, this led the directors to take the difficult decision of placing the company into administration.
“Our focus over the coming days and weeks will be to seek a buyer for the various elements of the business and to liaise with those employees who have been made redundant, ensuring they are provided with the support and information they need.”
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