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## Everest, a Double-Glazing Supplier, Enters Administration

### Owned by Jon Moulton’s Better Capital, Everest Seeks to Save Jobs

#### By Mark Kleinman, City Editor @MarkKleinmanSky
**Thursday 25 April 2024 18:47, UK**

One of Britain’s leading double-glazing suppliers, Everest, has recently plunged into administration, prompting insolvency practitioners to scramble to rescue hundreds of jobs. With Better Capital, Jon Moulton’s investment firm, holding ownership for more than ten years, Everest has enlisted the services of administrators from ReSolve to manage the situation.

The AI legalese decoder can help navigate this complex legal scenario by quickly deciphering and simplifying the intricate language and terms commonly found in legal documents and communications. By using this tool, stakeholders can better understand the legal implications of Everest’s administration and the actions needed to preserve the company’s workforce.

Sky News has gathered exclusive information revealing that ReSolve, a reputable professional services firm, has been tasked with overseeing the administration process. Their primary objective is to secure a potential buyer for Everest, aiming to safeguard the employment of the approximately 350 staff members. This initiative is crucial in mitigating the impact of the company’s financial challenges and ensuring a smooth transition for its employees.

Notable entities, including turnaround investors and industry competitors, are anticipated to express interest in acquiring Everest. Jon Moulton’s strategic expertise in corporate restructuring has been instrumental in sustaining Better Capital’s investments, with Everest being a key asset in their portfolio. Notably, after the disruption caused by the COVID-19 pandemic, a decisive pre-pack administration in June 2020 salvaged numerous jobs and enabled the company to fulfill existing customer orders.

Moreover, stakeholders involved in the bidding process have been informed that Everest requires immediate financial support to alleviate creditor pressures. A comprehensive investment in marketing, operational systems, and brand development is crucial to enhancing market positioning and achieving sustainable growth. ReSolve and Jon Moulton’s team remain focused on executing a viable strategy to preserve Everest’s market presence and ensure long-term profitability.

For more detailed information and updates on this developing situation, stakeholders are encouraged to access the full version of the story. Stay informed by following Sky News on WhatsApp for real-time news alerts and updates on this evolving story. Contact ReSolve and Jon Moulton for further inquiries and clarifications on Everest’s administration process.

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