Anglian Home Improvements Completes Transaction To Acquire Everest 2020 Assets

by | May 21, 2024 | Trade News

Anglian Home Improvements (trading as ASHI Group Ltd) has today completed a transaction which sees it acquire the customer order book, brand and intellectual property, and certain other assets from Everest 2020.

Cameron Gunn, Chris Farrington and Lee Manning, Partners at ReSolve, were appointed joint administrators to Everest 2020 Limited (“Everest” or the “Company”) on 24 April 2024.

The transaction ensures that where possible Everest 2020 customers impacted by the Company’s insolvency will have the opportunity to have their home improvement projects carried out in full by Anglian Home Improvements.

Anglian Home Improvements manufactures a wide range of home improvement products at its factory in Norwich, and is responsible for the employment of circa 1,500 people across the UK. It has over 40,000 living space orders under warranty and 400,000 orders of windows and doors under warranty. These products are installed throughout Britain from the North of Scotland to Cornwall.

Anglian says it is proud to achieve the Made in Britain accreditation, which showcases the best in British manufacturing. As a company that has been manufacturing its own products for over half a century, Anglian is proud of its British heritage and says it is focused on raising the standard across the industry.

Peter Mottershead, executive chairman of Anglian Home Improvements, said: “Since the announcement last week that Anglian had reached agreement with the joint administrators to take on the Everest 2020 order book, our customer service teams have been working hard to make contact with all customers impacted to review the status of their orders and where possible progress their project. Having been manufacturing and installing home improvements for around 60 years, we are looking forward to helping them transform their homes.”

Cameron Gunn, joint administrator of Everest and senior partner at ReSolve, commented: “We are pleased to have completed the transaction with Anglian which will provide much needed certainty to customers over their home improvement projects. We will continue to provide support to the affected employees throughout this process.”

A team comprising Chris Farrington, Lee Manning, Nadeem Sweiss, Andrew Lawrie and others at ReSolve were supported by Jeff Roberts and Andrew Titmas from Memery Crystal.  Anglian Home Improvements were advised by Jatinder Bains, Malcolm Walton, Alex Green and Rosie Duckworth from Macfarlanes.

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