Following the administration of Everest 2020 Ltd and redundancy of the majority of its staff in late April, an agreement has been made for Anglian Home Improvements to fulfil outstanding Everest orders.
Everest called in business advisory practice ReSolve as administrators on 24 April, as Everest continued to face financial difficulties post-Covid, despite significant investment following a previous sale out of administration in 2020. By 29 April, all options had been explored, including selling the company as a going concern, and none were found to be viable, leading to mass redundancies.
ReSolve has now reached an agreement to sell certain assets to Anglian Home Improvements, trading as ASHI Group Ltd.
While the terms of the agreement are finalised, an arrangement has been reached that will enable customer orders to be fulfilled by Anglian where possible. This will ensure all Everest customers impacted by Everest’s insolvency will have the opportunity to carry out their home improvement projects.
Peter Mottershead, executive chairman of Anglian Home Improvements said: “Anglian Home Improvements has agreed with the administrators to support Everest customers in what we know is a very difficult situation, and we hope this agreement will go some way towards alleviating the concern and burden on those Everest customers who have been impacted.
“Our customer service teams will be making contact with customers in the coming days and weeks to discuss the status of each order with the customers and where possible arrange completion of orders, prioritising those who were part-way through the installation process. I can also confirm that Anglian Home Improvements will honour the terms of the contract, including the price, that had previously been agreed with each customer.”
