MORE than 130 jobs have been lost as a Bradford-based double glazing firm ceased trading.

On Tuesday, Niamac Developments (trading as SafeGlaze UK) was placed into administration.

Rob Adamson, Mike Kienlen and Mark Ranson, insolvency practitioners at Armstrong Watson LLP, have been appointed as Joint Administrators.

The double glazing company, based at SafeGlaze House, in North Brook Street, off Shipley Airedale Road, designs, manufactures and installs UPVC windows and doors and has eight sites across the country.

The administrators said Niamac Developments has ceased trading immediately and regrettably all 132 employees have been made redundant.

The Director, Phil O’Malley, commented: “It is with deep regret that Niamac Developments Limited t/a SafeGlaze UK has today entered into Administration with Rob Adamson of Armstrong Watson being appointed Administrator.

“The business grew far in excess of the management’s and stakeholders expectations and more importantly than our key suppliers could service. Unfortunately the level of financial support required increased significantly because of the Company’s growth and the lack of constant supply from the main supplier of products.

“I would like to express my gratitude to the staff and our customers. I personally want to apologise to those suppliers adversely affected by the board of directors’ decision.”

Lead Administrator, Rob Adamson of Armstrong Watson LLP said: “I can confirm that I was appointed Joint Administrator along with my fellow partners Mike Kienlen ad Mark Ranson over Niamac Developments Limited t/a SafeGlaze UK today.

"We have been working with the management over the last few days following the decision by the owner and stakeholders not to increase their exposure beyond the current level which is in excess of £11 million.

"The inability to secure materials to facilitate minimum weekly sales levels has adversely affected the company’s cash flow and because of the uncertainty it was felt by the director that trading could not continue."

The administrators are actively looking to dispose of the assets including the Company’s order book. They are working with an employment specialist and Job Centre Plus to ensure that the employees can claim what is due to them as swiftly as possible from the Redundancy Payments Service.

The Director has advised that as SafeGlaze UK is registered with FENSA, any customers who have bought double glazing through SafeGlaze UK he believes that they will continue to be protected by FENSA, even after the closure of the business. This is a matter that the Administrators are currently looking into and will clarify the position in due course.

Any queries should be directed in the first instance to the Administrators by contacting Armstrong Watson on 0113 221 1388 or emailing safeglazeuk@armstrongwatson.co.uk