Following the news of the administration of Customade Group which was announced yesterday, REAL Aluminium have just published a statement which clarifies the trading status of the companies:
While the Customade Limited and its group of companies entered into Voluntary Administration, Atlas Roofing and Real Aluminium have been bought by Real Aluminium Products Ltd.
Real Aluminium Products Ltd will not only be providing working capital for the business but also investing to deliver improvements and growth. Therefore, Real Aluminium and Atlas Roof Solutions will continue to operate as usual with no interruption to current, quoted, planned or future customer orders and deliveries.
Jamie Newall, the new CEO of the combined Real Aluminium and Atlas Roofing commented: “These are excellent companies with market leading products, fantastic staff and they achieve great OTIF. They already work from shared facilities in Stonehouse Gloucestershire with shared staff, including the highly regarded team technical and Atlas Roofing Solutions team based in Northern Ireland. While it is vital to safeguard the nearly 190+ jobs in the new combined business, we will also provide firm financial foundations and the focused investment the business needs to grow. For all our customers it is very much business as usual, and we look forward to continuing working with them in 2025 and beyond.”
For further information – enquiries@real-aluminium.co.uk (mailto:enquiries@real-aluminium.co.uk)
01453 828884 | enquiries@real-aluminium.co.uk (mailto:enquiries@real-aluminium.co.uk) | re-aluminium.co.uk
So, a new aluminium group has been formed from the aluminium brands within the new deceased Customade Group. They will trade as their own entity now, which may have a better chance of stability going forward as they are a single-material-based group with a more refined focus. They confirm that the group has new cash to allow the companies to continue to operate.
This statement follows on from the news that Customade Group was placed into voluntary administration after what I learned was a year-long attempt to find new options for the business as a whole. You can read the official statement released by the company here: https://www.doubleglazingblogger.com/2024/12/customade-group-announces-sale-of-business-units-to-secure-jobs/
Virtuoso Doors will sadly no longer trade at all, leading to job losses just before Christmas. The timing of the closure is not ideal just before Christmas, but it continues a trend we have seen all year where difficult trading conditions have caused a number of well known brands and businesses go into bankruptcy.
Whether we want to admit it to ourselves or not, trading conditions are very difficult indeed. Profit margins are razor thin and many companies are fighting week to week to stay aflot.
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