Leicester windows firm bought out of administration by former salesman

A former salesman of a Leicester double glazing installer has bought the company out of administration.

The deal comes after Energy & Security, which trades under the name EAS Windows, appointed administrators from Smith Cooper on 31 August.

The company’s work in progress and ongoing order book was sold to JLD Windows, run by Jeet Patel, a former self-employed salesman of EAS Windows.

Smith Cooper says the sale to JLD will protect the interests of the company’s existing customer base, mitigating the claims from creditors.

Sam Thompson, head of creditor services at Smith Cooper said: “The business had been experiencing cash flow difficulties with duress being applied by a number of trade creditors.

“Although it was not possible to achieve a sale of the business as a going concern this was clearly the best outcome available in the circumstances.”

Adam Spradbury, managing director of EAS, said: “It is with sad regret that EAS Windows has been placed into administration. To all of our customers, thank you for your business over many years.”

Jeet Patel had been the main point of contact for a number of the existing and new customers. He said: “Having worked closely within the business for a number of years it seemed right to pick-up the baton and work with the customers to present a solution, rather than allow the business to fall by the way side. I will be contacting customers over the coming days and weeks but should anyone have any questions or concerns I would be more than happy to speak with them with a view to resolving any issues.”

Simon Trees, partner at Nelsons Solicitors, also advised on the legal aspects of the sale on behalf of the administrators, said: “We are delighted to have assisted Smith Cooper on this transaction and hope the underlying business can continue to provide the reputable service that EAS has continued to do for nearly 30 years.”