Levolux was sold to private investor Rcapital Partners LLP for £1 in August after making a loss of £2m on sales of £7.8m during the year to June 2022.
Levolux designs, manufactures, and installs solar shading systems, architectural solutions and balconies that are used to enhance buildings and to reduce the impact of sunlight for occupiers.
It was originally bought by Alumasc in 2007 for £13.5m.
A notice of intention to appoint an administrator was filed in the High Court last Friday and Levolux staff have posted on LinkedIn looking for new jobs.
One said: “It is sad that a firm who were once a true leader and innovators in the solar shading industry were thrown into administration and discarded so abruptly.
“Not even a message of apology but just a phone call from the administrators to end it all”
Data and credit checking specialist Red Flag Alert highlighted the firm’s fall into administration last week with its regular checks of high court construction insolvency applications.
Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.
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