The final act in the demise of Everest drew to a close today with the announcement that Anglian Home Improvements has completed the purchase of its defunct former retail rival’s brand, intellectual property and other assets from administration.
Peter Mottershead, executive chairman of Anglian Home Improvements, said: “Since the announcement last week that Anglian had reached agreement with the joint administrators to take on the Everest 2020 order book, our customer service teams have been working hard to make contact with all customers impacted to review the status of their orders and where possible progress their project.
“Having been manufacturing and installing home improvements for around 60 years, we are looking forward to helping them transform their homes.”
Cameron Gunn, joint administrator of Everest and senior partner at ReSolve, added: “We are pleased to have completed the transaction with Anglian which will provide much needed certainty to customers over their home improvement projects. We will continue to provide support to the affected employees throughout this process.”
A team comprising Chris Farrington, Lee Manning, Nadeem Sweiss, Andrew Lawrie and others at ReSolve were supported by Jeff Roberts and Andrew Titmas from Memery Crystal.
Anglian Home Improvements were advised by Jatinder Bains, Malcolm Walton, Alex Green and Rosie Duckworth from Macfarlanes.
In a separate development today, it was announced that the Evolution subsidiary of Everest 2020 had been acquired by its original co-founder Surgit Singh (see separate article).
