nebusiness.co.uk - Tag - amdega

Amdega customers to lose average 10k each

nebusiness.co.uk — Thu, 28 Apr 2011 23:00:00 GMT

HUNDREDS of customers of collapsed North East conservatory maker Amdega will lose an average of £10,000 they had paid in deposits.

200 jobs are lost as Darlington firm Amdega closes

nebusiness.co.uk — Thu, 28 Apr 2011 07:26:00 GMT

CONSERVATORY and greenhouse company Amdega is being closed down with the loss of almost 200 jobs.

Darlington firm Amdega goes into administration

nebusiness.co.uk — Wed, 27 Apr 2011 14:25:00 GMT

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.

Conservatory maker Amdega investing in talent

nebusiness.co.uk — Fri, 11 Feb 2011 08:29:00 GMT

THE world’s oldest conservatory maker has been championing its investment in the talent of tomorrow in Darlington.

Darlington firm Amdega secure investment

nebusiness.co.uk — Thu, 19 Aug 2010 07:29:00 GMT

THE world’s oldest conservatory company - based in Darlington - has been taken over by a private equity firm.

Greenhouse firm Amdega about to get back on track

nebusiness.co.uk — Wed, 02 Jun 2010 07:57:00 GMT

A GREENHOUSE manufacturer believes it is about to get back on track after cutting its workforce by 80 and looking to increase its export activity after setting up a base in the US.