450 jobs lost in two weeks as Huthwaite factory ceases to trade

Lee Anderson, Member of Parliament for Ashfield, was commenting after it was confirmed yesterday, Tuesday (March 24) by administrators KPGM that Aperture Trading Ltd, on Common Lane, was to lose the remainder of its 330 staff.

Last Monday, the firm announced 120 staff were going amid restructuring. It brings the total number of jobs lost to 450 in two weeks.

MP Lee Anderson said he had been contacted by employees claiming they had not been paid in two weeks.

Chris Pole and Will Wright from KPMG’s Restructuring practice were appointed joint administrators of Aperture Trading Limited on March 16, 2020.

In a statement, Tim Bateson, restructuring director at KPMG, said: “We have continued to trade the business since our appointment to enable time for a sale of business process to take place. Unfortunately, no acceptable offer has been received following this accelerated marketing process and as a result, trading will cease immediately.

“Whilst we will be retaining a small skeleton workforce in the short term to assist us with the wind down process, the majority of the 330 staff will regrettably be made redundant.

“All affected staff have been informed and will be paid for their time working for the joint administrators. We'd like to thank all employees for the support, service and co-operation they have provided to the company, both before and during the administration.”

The company had specialised in PVC-U extrusion, fabricated window, door and conservatory solutions.The factory had also bought the Synseal Group a year ago.

Tim Bateson had said in a statement last week: “Despite significant and ongoing restructuring of the business last year following its acquisition of Synseal Group’s assets, Aperture Trading has suffered from significant market headwinds, trading pressures and a decline in sales.”