Quantuma appointed as liquidators of Glazing The Island

Quantuma has been appointed as liquidators of glazing specialists Glazing The Island Ltd, trading as GTI, with Kelly Mitchell and Andrew Watling serving as joint liquidators to oversee the process.

Based in Cowes on the Isle of White, double-glazing manufacturer and installer Glazing The Island was founded in 2018. The company supplied and fitted PVCu double glazed products on the Isle of Wight and reported turnover of £1.6m in 2023.

Glazing The Island entered liquidation following cashflow difficulties. The company encountered difficulties as a result of the COVID pandemic, as decreased consumer confidence caused a reduction in turnover, increasing pressure on the firm’s cashflow.

The company diversified into commercial contracts in an attempt to boost revenue, however this impacted on the delivery of domestic work from private customers leading to complaints and further cashflow difficulties.

Once the commercial contracts were completed, the company was unable to continue trading and entered liquidation shortly thereafter. It has now ceased trading with immediate effect.

Glazing The Island employed a team of 17 staff, all of whom have been made redundant by the company.

Mitchell, Quantuma managing director and joint liquidator, said: “It is deeply regrettable that Glazing The Island has been forced to cease trading, due to a series of challenging circumstances. This was a sad ending for an established company. As joint liquidators, our immediate priorities have been to provide appropriate support to those whose jobs have been affected, whilst seeking to obtain maximum value for the company’s creditors.”