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.”
Interested parties should contact Alice Hutson: email@example.com
For media enquiries only, please contact:
Jo Chileshe, KPMG Corporate Communications
T: +44 (0)121 232 3343
M: +44 (0)7919 211 803
Follow us on twitter: @kpmguk
KPMG Press Office: +44 (0)207 694 8773
About KPMG in the UK
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 17,600 partners and staff. The UK firm recorded a revenue of £2.40 billion in the year ended 30 September 2019. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
© 2021 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.