Administrators have confirmed that Total Glass, the £25million-sales Merseyside fabricator, has been placed into administration and most of the workforce made redundant following last week’s news that it had been made subject of a Notice of Intent https://www.the-glazine.com/?p=1050.
A statement issued by administrators Sarah O’Toole and Jason Bell of Grant Thornton said: “Following heavy losses in the year to January 2020 the business faced a number of challenges as the country entered the Covid-19 lockdown in March 2020.
“Whilst the company survived the national lockdown it experience supply issues in September 2020 and attempts to raise funds to recapitalise the business were ultimately unsuccessful and the company effectively ceased trading at the end of September 2020.
Whilst the administrators have retained a small number of staff to assist with the administration, the majority of staff have been made redundant.
Sarah O’Toole added “It is always unfortunate when any redundancies need to be made, but the cessation of trade a number of weeks prior to our appointment, couple with product supply challenges in the sector, significantly limited the prospects of any business sale. Our focus now is on supporting the staff affected and the orderly realisation of the assets of the company.”
