Most of the 300 people employed by Greenberg Glass Emergency have lost their jobs in the collapsed firm, administrators said.
The firm is part of the Liverpool-based Greenberg Glass Group.
The group…
Most of the 300 people employed by Greenberg Glass Emergency have lost their jobs in the collapsed firm, administrators said. The firm is part of the Liverpool-based Greenberg Glass Group. The group“s other division, Greenberg Glass Contracts, was put into administration on 28 October 2008. David Whitehouse and Philip Duffy, partners at MCR Corporate Restructuring, say they are reviewing the financial position of Greenberg Glass Emergency with a view to selling it as a going concern. It provides emergency replacement glass for many of UK“s best known retailers and controls about 70% of the national market. But due to recent cash difficulties the company was insolvent as it could not pay its debts as and when they were due. The firm was unable to pay weekly salaries to staff around 3 November 2008 because of a lack of funds. Mr Whitehouse says: “Due to the nature of the emergency glazing business time is of the essence”. “We were unable to source raw material, including glass, in the short term, due to the lead-time of delivery”. “Therefore we have not been able to trade the business in administration”. “So unfortunately we have had to make redundancies across the company”. “We have only retained a number of administrative staff to assist us in our duties in realising assets and collecting the book debts at the freehold premises in Huddersfield”.