Listers goes into administration
5th September 2017
Listers Trade Frames Ltd, the £12million-sales PVC-U and aluminium fabricator has been placed into administration and is, at the time of writing, continuing to trade with a view to sale as a going concern.
The 40-year-old family-run business had recently put a lot of money into machinery upgrades, new stock lines and other business ventures but administrators say the return on its investment did not materialise as quickly as the company would have hoped.
Stoke-on-Trent based Listers is predominantly a Veka Halo and AluK fabricator but its website also lists Internorm, Metal Technology, Solarlux, R9 and PanoramAH among its systems and suppliers.
A statement from joint administrators Andy McGill of Smith & Williamson and Ian Gould of Baldwins says: “Regrettably, redundancies have had to be made following our appointment. However, our appointment has enabled us to give the former staff support in making claims to the National Insurance Fund, this will allow them some of the entitlements that the company can no longer provide.
“Lister Trade Frames Ltd has an excellent reputation in the market place and we are already engaged with a number of parties who have expressed interest in the business. We are optimistic that we will be able to find a solution and sell the business as a going concern.”
A posting on Listers’ Facebook page reads: “Let's deal with the elephant in the room. It is true that Listers have gone into administration and although unpleasant for our staff and for our customers, we need to make clear that the Listers is still open for business! We are still trading and servicing your orders. We ask that you bear with us through this period of difficulty, but the aim is to come out of this stronger and better than ever before.
“So thank you for sticking with us and rest assured, Listers is still here, still functioning and still here to support you.”