Aqualux Products enters administration
Leicestershire-based showering surround manufacturer Aqualux Products has entered administration.
Leicestershire-based showering surround manufacturer Aqualux Products has entered administration.
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.
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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.”
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Sintered stone manufacturer Neolith has launched Calacatta Roma and Cappadocia Sunset, inspired by nature and classical architecture, and for use in kitchens or bathrooms walls, floors, in gardens or facades.
They belong to The New Classtone and Fusioncollections which interpret marble and natural stone, respectively, and boast Neolith’s antibacterial NeolEAT technology.
Inspired by Ancient Rome, Calacatta Roma (pictured top) pays homage to Italian Carrara marble, with ochre and grey veins in a white background.
While the Cappadocia region, in central Turkey, with its rock formations formed by volcanoes and underground cities, has inspired Cappadocia Sunset (pictured below).
Just like all of Neolith’s surfaces, Calacatta Roma and Cappadocia Sunset are resistant to heat and atmospheric conditions, are 100% recyclable, and do not contain added quartz to their formulation.
Mar 14, 2024
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