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Recommencement of Everest Operations

Recommencement of Everest Operations

PRESS RELEASE

Recommencement of Everest operations

9th June 2020

Recommencement of Everest operations following lockdown closure and successful corporate restructure.

The UK has gone through a period of unprecedented uncertainty and the impact on the economy is expected to be considerable. Up until the outbreak of the Covid-19 pandemic, the Everest business was trading successfully, covering its costs and enjoyed leading brand awareness. Unfortunately, not being able to install our products removed all cashflow from the business limiting its ability to trade through lockdown.

As a result of the pandemic's impact, the company entered into discussions on a number of options aimed at preserving Everest's business into the future.

Everest has been supplying quality home improvement products throughout the UK for over 50 years and stands as a strong brand boasting a highly experienced and motivated workforce. Therefore, the organisation had much to offer future owners and following a successful pre-pack sales agreement of its holding company completed on the 9th June the company is resuming its operations following Government guidance. Trading will remain on a limited basis while it rebuilds its operations but it is expected that trading will return to normal over the next 3 months.

Everest's current and future customers can be reassured that their orders will be fulfilled as soon as possible and in line with the UK Government's safe trading guidelines.