Cladding specialist EAG files administration notice
Cladding specialist EAG files administration notice
Cladding contractor English Architectural Glazing Ltd. (EAG) has filed an administration notice with the High Court.
Its curtain walling manufacturing division Multifab Ltd has also filed a similar notice.
EAG was one of four cladding specialists taken under the Clarison Group banner in 2021 to form a £100m turnover facades business.
Clarison was majority owned by UK-based private equity fund Elaghmore.
Sister company Alucraft fell into administration in March 2023 owing more than £7.7m to suppliers and subcontractors.
The other two firms in the original Clarison Group were Williaam Cox and Alucraft Ireland Ltd.
Companies House records show Clarison Group changed its name to TGCL 2024 Ltd in March 2024 and entered voluntary liquidation in July 2024.
Latest accounts for EAG for the year to December 31 2023 show a turnover of £21.7m generating a pre-tax loss of £290,000.
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.The Enquirer has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.
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