Jobs lost as shower products firm plunges into administration
Some 18 jobs have been lost after Leicestershire-based shower products manufacturer and supplier Aqualux fell into administration.
As we reported last week, Aqualux was looking at a bleak future after posting a notice of intention to appointment administrators.
Just two days later, Raj Mittal and Ben Jones of FRP Advisory were called in to look after the day-to-day running of the Hinckley firm.
Raj Mittal, partner at FRP Advisory and joint administrator of Aqualux, said: “Aqualux Ltd is a well-regarded brand having a presence in the sector for almost 40 years.
“Unfortunately, due to the impact of the cost-of-living crisis on the home improvement sector and ongoing financial pressures owing to material cost inflation, the business was no longer able to keep trading.
“We’re now focused on the marketing of assets for sale and providing support for all impacted staff with their applications to the Redundancy Payments Service.”
Aqualux has been owned by the AQ Group since 2019 and has been trading for 45 years.