Administrators from ReSolve were appointed on Friday to handle the Everest 2020 Ltd business and will try to find a buyer to salvage all or parts of the operation.

The specialist double glazing company was acquired by British venture capitalist Jon Moulton’s investment firm Better Capital over a decade ago after it then required a restructuring.

Later the Covid-19 pandemic hit Everest particularly hard with it being placed in a pre-pack administration in June 2020 by Better Capital, saving hundreds of jobs.

Headquartered in Cuffley, Hertfordshire, Everest also had a manufacturing plant in Treherbert, Wales.