Euramax Is Out – All Staff Made Redundant

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Euramax Solutions, a south Yorkshire window manufacturer, went into administration on 22 February. The administrators have failed to find a buyer and it has now closed with more than 200 people losing their jobs.

Chris Ratten and Gareth Harris of RSM Restructuring Advisory LLP were appointed joint administrators. On Monday 25 March, Ratten told The Installer: “Unfortunately, we’ve been unable to find a buyer for the business as a going concern and as a result have had to close the business and make the staff redundant. The administrators are now in the process of disposing of the company’s assets.”

The Barnsley based business was a manufacturer specialising in PVC-U windows and doors working across a range of sectors from leisure, DIY and modular construction.

Domino effect

The business has suffered cashflow issues following a large customer entering administration combined with a downturn in demand from the holiday homes market following a decrease in staycations post-Covid.

The administrators had been working to maximise the potential returns for creditors, while working with the management team and suppliers to support limited operations to fulfil outstanding customer orders. The ambition was to retain all the staff and sell the business as a going concern.

On 22 February, Ratten said: “The continuing downturn in the market for the company’s products plus a key customer entering administration has significantly impacted the viability of the business. The directors had to take the difficult decision to appoint us as administrators.”

Euramax – a little background

Euramax Solutions Ltd, was founded in 1950 when it was originally called Ellbee. In 1993 it was acquired by OmniMax USA and rebranded as Euramax. It was brought back under the control of a UK-based parent company, Modular Group Investments in 2021.

Modular Group Investments (MGI) recently acquired Oakland Glass Ltd stating ‘this  is a key strategic addition to our which adds significant capacity and capability in insulated double glazed unit production. MGI provides established routes to market for Oakland Glass through its existing and future channels’.

Euramax Solutions occupied a 205,000sq.ft manufacturing facility. It was heavily invested in supplying the modular offsite building sector. In 2022 it employed 217 people and turned over £26.5m.

Euramax was one of many businesses left out of pocket when modular housebuilder Ilke Homes entered liquidation in 2023. An administrators’ report showed Euramax had been owed £619,000 by Ilke Homes.

Standards

Euramax Solutions held ISO 45001 certification, the international standard for health and safety and was committed to the wellbeing of its employees. The firm also held ISO 9001 accreditation, the international standard for Quality Management Systems.

The company’s long-term commitment to sustainability saw it achieve ISO 14001 accreditation, the international standard for environmental management systems.

Picture: RSM could not find a buyer for Barnsley’s Euramax Solutions and so the window fabricator has closed with the loss of more than 200 jobs.

Article written by Cathryn Ellis
28th March 2024

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