Britain’s second biggest windscreen repair company went under after one of its major customers terminated a contract and a major creditor served it with a winding-up petition.
Cash flow problems caused by a dip in business activity this winter also hit it badly. It has called in administrators Deloitte and asked potential buyers to get in contact.
The majority of staff employed by the Chesterfield-based group have already been sent home while Deloitte holds ‘urgent’ discussions to try to secure its future. No redundancies have been made.
It operates a network of 68 fitting centres across Britain, 550 mobile units, a distribution centre in Aston, Birmingham, and a central call centre. It has approached major customers in the hope of drumming up enough funding to trade the company until it finds a buyer.
Matt Cowlishaw, of Deloitte, said: ‘We are now in urgent discussions with the key stakeholders and interested parties in an attempt to save the business.’
Customers are being advised to make alternative arrangements with another supplier.
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