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The administrators in charge of trying to keep Darby Glass in business have failed to find a new investor to keep the 38 year old insulating glass company going. In turn, the company goes bankrupt with total debts of £820,000 and leaves 60 people now looking for new employment.
During their peak, Darby Glass employed 500 staff across 12 sites around the UK and had an annual turnover of £22 million.
However, the recession and subsequent difficult trading conditions has meant falling revenues, job losses and now bankruptcy. Lets hope not too many others fall to the same fate.
During their peak, Darby Glass employed 500 staff across 12 sites around the UK and had an annual turnover of £22 million.
However, the recession and subsequent difficult trading conditions has meant falling revenues, job losses and now bankruptcy. Lets hope not too many others fall to the same fate.
