Aqualux Products enters administration

Leicestershire-based showering surround manufacturer Aqualux Products has entered administration.

03 Sep, 24

Leicestershire-based showering surround manufacturer Aqualux Products has entered administration.

Aqata acquired by Aqualux owner

It cited volatile trading conditions in the home improvement sector and inflationary pressures, which has caused Aqualux to cease trading.

All 18 employees have been made redundant.

Sponsored Video

Founded in 1979, the Hinckley-based company manufactured bathroom products, specialising in glass shower screens and enclosures.

Led by CEO Steve Lee, the AQ Group acquired Aqualux from the Dutch Fetim Group in 2019, and later purchased the Aqata brand, followed by the intellectual property (IP) and design rights of Hollys of Bath.

Raj Mittal and Ben Jones of specialist business advisory firm FRP Advisory have been appointed as joint administrators of Aqualux Products Limited.

The joint administrators are now focused on marketing the remaining assets including the Aqualux brand and IP, while helping impacted employees with their claims to the Redundancy Payments Service.

Partner at FRP Advisory and joint administrator of Aqualux Ltd Raj Mittal said: “Aqualux Ltd is a well-regarded brand having a presence in the sector for almost 40 years.

“Unfortunately, due to the impact of the cost-of-living crisis on the home improvement sector and ongoing financial pressures owing to material cost inflation, the business was no longer able to keep trading.

 “We’re now focused on the marketing of assets for sale and providing support for all impacted staff with their applications to the Redundancy Payments Service.”

Related Articles
11 Jan, 2024
Kbsa announces KBB Industry Conference dates
Read more
20 Feb, 2024
Rotpunkt achieves “very satisfactory” result
Read more
20 Sep, 2024
Plumbworld celebrates 25 years and hits £100m sales
Read more