Endless placed Amdega in administration
Endless-backed conservatory and greenhouse company Amdega has gone into administration, the turnaround specialist has confirmed.
The investor blamed legacy issues and difficult trading conditions for the "disappointing" decision to place the company in administration.
It says significant time, capital and energy were invested in Amdega, including the introduction of a new management team, which has achieved operational improvements in the firm. Despite this, Endless says Amdega could not be turned around successfully, resulting in the decision to wind the business down.
Previous funding
The Darlington-based firm was acquired by Endless in August last year for less than £25m. At the time of the acquisition, Endless said the purchase was in line with its strategy to back UK manufacturing and invest in heritage brands with strong growth potential.
Company
Founded in 1874, Amdega is a conservatory designer and manufacturer based in Faverdale. It supplies bespoke conservatories, orangeries, summerhouses, gazebos and pool houses to both the consumer and hotel markets.
The business, which has clients such as Gleneagles and Four Seasons, has an annual turnover of nearly £20m and employs 220 people. It also exports to the US and continental Europe.
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