Glazing firm edges closer to administration
A Nottinghamshire-based manufacturer and installer of aluminium glazing systems has moved closer to calling in administrators less than a year after it entered a Company Voluntary Arrangement (CVA).
Sapient Commercial Aluminium Glazing, which trades as Insight Architectural Glazing, has posted a second notice of intention to appoint administrators in two weeks and faces an uncertain future.
The company was established in 1998, operates from Brookhill Industrial Estate in Pinxton and provides commercial glazing solutions for companies and organisations across a wide range of sectors including retail, industry, education and health.
It has worked with construction giants Bowmer + Kirkland, Clegg Group and Buckingham Group and completed a number of high-profile projects across the East Midlands and beyond, including at Ivanhoe Business Park in Ashby, Colwick Industrial Estate in Nottingham and Nottingham Trent University’s Clifton campus.
The firm, which employs around 35 people according to its latest available accounts, entered a CVA – an arrangement between companies at risk of insolvency and their creditors – in August last year.
Accounts show the firm was owed just over £588,000 during the period – but owed its creditors £1.4m.
Sapient Commercial Aluminium Glazing Limited posted losses of £922,265 in 2020/21.
