Solar shading, balcony and facade provider Levolux has ceased trading after going into administration, with the majority of the firm’s 40 staff made redundant.
Richard Goodall and Anthony Collier of FRP Advisory were appointed as administrators of the firm on Monday.
A statement released to Construction News cited delays to a number of new projects and cost inflation as the reasons Levolux had got into difficulty.
Goodall said: “Levolux has unfortunately been unable to navigate through the challenging headwinds that are currently impacting the construction sector.
“Our priority will now be to assist staff with claims to the Redundancy Payments Service at what we know will be a challenging time, and ensuring an orderly wind-down of the business to maximise returns for creditors.”
Levolux, based in St Helens, Merseyside, has sales offices in Harrow and Gloucester.
In August, building-products firm Alumasc, which had owned Levolux for 15 years, sold the business for £1 to Talrus, a company associated with investment firm Rcapital Partners.
A statement at the time from Alumasc said that, in the year to June 2022, the business recorded a loss of £2m on sales of £7.8m, due to a slow recovery in demand in the wake of COVID-19. Its latest published accounts show that it turned over £12.6m in the year to the end of June 2021.
Following the move into administration, a number of those made redundant posted messages on social media seeking new roles.
Posting yesterday, product designer Pradeep Gajjar wrote: “It is indeed sad that who were once a true leader and innovators in the solar shading industry Levolux were thrown into administration and discarded so abruptly yesterday.”
Another product designer, Kurt Palmer, said: “You can replace a job in life but you can’t replace people and they’re the most important part. Good luck to everyone from Levolux – it was a pleasure and I’m gutted we never got to see it through as the things we were doing in the background were brilliant.”
Earlier this week, CN revealed that 19 construction firms went into administration during October, the lowest number since June.