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Aperture to be broken up more jobs go as no takers found for group
March 2020

Aperture Trading, the collapsed former Synseal buyout vehicle, is to be broken up and offered for sale in parts after administrators announced that no buyer could be found for the group in its entirety.

The group had been offered for sale as a going concern, with many staff retained to continue production but that has now been halted and almost all the workers made redundant.

Tim Bateson, restructuring director at administrators KPMG, said: “We have continued to trade the business since our appointment to enable time for a sale of business process to take place. Unfortunately, no acceptable offer has been received following this accelerated marketing process and as a result, trading will cease immediately.

“Whilst we will be retaining a small skeleton workforce in the short term to assist us with the wind down process, the majority of the 330 staff will regrettably be made redundant.”

The group was placed into administration earlier this month, barely a year since it was formed by the acquisition of the assets of the Synseal Group along with the promise of ‘significant investment’. The trade and assets acquired included Synseal Extrusions, Warmcore, PVC-U fabrications including vertical sliders, roof systems, residential doors, Global Glass and Norvik.

The administrator’s statement concluded that the company’s assets are now being offered for sale on a piecemeal basis.

Any interested parties are asked to contact Alice Hutson: alice.hutson@kpmg.co.uk

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