Surrey-based commercial glazing business enters administration
Experts from business advisory firm Quantuma were appointed as joint administrators of architectural and structural glazing specialists, Vitrine Systems Limited, on 21 October 2024. Quantuma’s Nick Simmonds and Chris Newell were appointed to oversee the process.
Vitrine Systems entered administration as part of the fallout from the ISG administration. This resulted in a large bad debt which effected viability of the company, as well as lost projects and pipeline. As a consequence, the company was unable to continue to trade and entered administration shortly thereafter. Vitrine Systems employed a team of 23 staff – all roles at the business were made redundant by the company.
Based in Camberley, Surrey and working throughout the UK, Vitrine Systems was founded in 1995. The company provided specialist commercial glazing for the Construction and Building Management markets – designing, fabricating, installing and maintaining glazing products. The business reported turnover of c.£8.8.m in 2023
Quantuma managing director and ioint administrator Nick Simmonds said: “It is deeply regrettable that Vitrine Systems has been forced to cease trading, due to a series of challenging circumstances. This was a sad ending for a well-established company. As Joint Administrators, our immediate priorities have been to provide appropriate support to those whose jobs have been affected whilst seeking to obtain maximum value for the Company’s creditors. To date, the Company’s assets including the Vitrine brand, and a selection of current projects have been acquired, novated and continue to trade as Vitrine Glazing.”
