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Aperture Trading Limited announced that it has entered administration, appointing KPMG as administrators.
The group said that 121 of its 451 staff have “regrettably” been made redundant in the move.
Chris Pole and Will Wright have now been appointed as joint administrators to oversee the administration.
The company, which operated in Huthwaite, Nottinghamshire, specialised in PVC-U extrusion as well as fabricated window, door and conservatory solutions.
The joint administrators will now attempt to trade the business whilst they seek a buyer, and 330 members of staff will be retained to assist with this process.
Tim Bateson, restructuring director at KPMG, said: “Despite significant and ongoing restructuring of the business last year following its acquisition of Synseal Group’s assets, Aperture Trading has suffered from significant market headwinds, trading pressures and a decline in sales.
“Over the last few weeks, we have been exploring sale options for the company and unfortunately none of the interest received presented a viable solution.”
He added: “As a result, this led the directors to take the difficult decision of placing the company into administration.
“Our focus over the coming days and weeks will be to seek a buyer for the various elements of the business and to liaise with those employees who have been made redundant, ensuring they are provided with the support and information they need.”
