Wed, 24 Jan 2024 | BUSINESS SALE
Evoframes, a Livingston-based supplier of window-related products, has been acquired out of administration. The company fell into administration earlier this month, but it has now been acquired by Welsh-based UK uPVC window manufacturer Rooms & Views.
Evoframes fell into administration on January 17, with Ken Pattullo and Jamie Taylor of Begbies Traynor appointed as joint administrators. Following their appointment, the joint administrators undertook an accelerated sales process, ultimately securing a pre-pack sale to Rooms & Views in a deal that saves 76 jobs at Evoframes’ Livingston factory.
The company, which was founded in 2020, supplies a wide range of bespoke uPVC windows and doors to clients including window-fitters, builders, joiners and trade counters. The firm has its own dedicated fleet of trucks, in order to deliver directly to customers from its factory.
Recently, however, the company had been hit by a range of challenging trading conditions, including higher interest rates, rising costs for raw materials and reduced customer demand, which forced it to enter administration.
Ken Pattullo, joint administrator and Managing Partner at Begbies Traynor in Scotland, commented: “Unfortunately, like many businesses, Evoframes was severely impacted by higher interest rates as well as increasing costs over the last year.”
“We are pleased to have completed a sale, which sees the business continuing in the hands of new, but experienced owners, and providing a more secure future for the 76-strong workforce.”
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