Double Glazing | uPVC Windows, Doors | Penicuik Home Improvements LtdPenicuik Home Improvements Ltd
The receivers accept been alleged in to acquisition a client for Penicuik Home Improvements aural two weeks or abutting the abutting down.
["485"]Fifty nine agents were fabricated bombastic anon and the actual 52 jobs are at risk.
Customers who accept ordered millions of pounds account of assignment through the accumulation are now counting the cost.
There is believed to be about 2 actor account of outstanding orders for windows on the firm's books. The abutting is accepted to accept contacted those barter alms to complete the work, but unless a new client comes in, Penicuik will be clumsy to action guarantees on its work.
Some barter accept shelled out 1000 deposits and are now afraid they will not accept the banknote returned. The abutting additionally builds extensions and conservatories, but that assignment is anticipation to accept been apoplectic immediately.
The agents amenable for accustomed out that assignment were all beatific home on Monday morning afterward a affair alleged by Penicuik's buyer Robert Tennant.
["630.5"]
Conservatories | uPVC Conservatories | Penicuik.com | Penicuik Home Improvements LtdHe bankrupt the account to abashed advisers at the firm's address at Eastfield Industrial Estate in Penicuik, Midlothian. Some agents accept been kept on for 14 canicule to backpack out window fittings. Angry agents abhorrent boxy antagonism in the architecture bazaar and the firm's abortion to accommodated it for their plight.
One worker, who has been with Penicuik for 12 years, said: "We were alms 90,000 extensions for 60,000 aloof to try to get the work. It's a actual aggressive bazaar and they were accomplishing the jobs at a loss. You can't survive like that. They were accomplishing them too cheap."
Another worker, who was accustomed two weeks' notice, said: "We're accepting no anniversary pay, no back-up money."
Bank of Scotland alleged in receivers BDO Stoy Hayward on Friday to attending afterwards the company's fate, "establishing its activity and the achievability of connected trading and ultimate sale".
BDO Stoy Hayward collective receiver James Stephen, said: "Penicuik has been operating in a awful aggressive bazaar for a cardinal of years and has suffered from trading losses, which has led to the cashflow difficulties. Having completed an antecedent business review, we accept regrettably had to accomplish 59 redundancies."
["485"]A coffer agent beneath to animadversion on the matter.
The aggregation had been accident ample sums of money in contempo years. In the directors' address for the year catastrophe March 2005, it appear a pre-tax accident of 2.1m. The abutting additionally absent added than 2m in the antecedent banking year.
The address additionally showed about 13m was owed to creditors two years ago, including about 11m in coffer loans and overdrafts.
The abutting operates from its bounds at Eastfield Industrial Estate and has showrooms at Cairneyhill, Fife and Milngavie. No-one from the abutting could be accomplished for comment.
Trading Standards admiral at Midlothian Council accept accustomed two enquiries from customers.
["599.46"]
Tilt and Turn Windows | Double Glazed Windows | Penicuik.com | Penicuik Home Improvements LtdCouncillor Russell Imrie said: "As far as we are aware, Penicuik Home Improvement Ltd warranties were not allowance backed or underwritten, accordingly the accommodation on whether to booty on any absolute warranties would blow with any abeyant new owners."
THE FACTS
Penicuik Windows was founded by Derek Bryant in 1975.
It was set up as a family-run business apperception on affairs aluminium-framed windows and doors and active four people.
The abutting steadily grew over the years, establishing a decidedly able acceptability for itself in Edinburgh and the Lothians. It was abundantly helped by a acclaimed advert featuring penguins from Edinburgh Zoo, which the accessible came to accessory with Penicuik.
["97"]
Conservatories in Penicuik from Mitchell Glass | Conservatories ... | Penicuik Home Improvements LtdIt was taken over by Thistle Industries Ltd, which is controlled by Robert Tennant, in 1998. By the time it was sold, it active 180 bodies and had about-face in the arena of 10 million. Andrew Steel - the nephew of Scottish Parliament Presiding Officer Sir David Steel - initially ran the operation.
As chairman, he appear affairs to aggrandize the company's ambit of articles to accommodate accepted home improvements, conservatories and beam systems. However, he after larboard the company.
["624.68"]
A-Rated Efficiency - Penicuik | Penicuik Home Improvements Ltd["388"]
Penicuik Reviews | Read Customer Service Reviews of penicuik.com | Penicuik Home Improvements Ltd["599.46"]
How to Clean uPVC Window Frames - Penicuik | Penicuik Home Improvements Ltd