CONSERVATORY and greenhouse company Amdega has gone into administration with the potential loss of 190 jobs.
The administration of the Darlington company, which has been in business for over 130 years, was announced by its owners London-based private equity firm earlier today.
It is just nine months since the business, which is based on the town’s Faverdale Industrial Estate was taken over by Endless.
At the time it said it was intending to invest substantial sums in the business which at the time of the purchase had annual revenues of over £20m.
A spokesman for Endless said today: Commenting on the development, a spokesman for Endless said: “This is extremely disappointing. At the time of investing, we knew that a turnaround of Amdega was going to be difficult.
“We take pride in our approach to investing in turnarounds and significant time, capital and energy has been committed to the business.
“We appointed a new senior management team shortly after our investment, who all worked tirelessly and, with the workforce, achieved some significant operational improvements.
“However, due to the significant legacy issues we inherited, together with extremely difficult trading conditions, sadly, on this occasion, a rescue of the company has not been possible.
“We would like to thank everyone for their efforts, commitment and professionalism over recent months.”
@For a full report see tomorrow’s Journal.