Ongoing orders will not be fulfilled
It's been confirmed that Everest Isle of Man Ltd is to enter a voluntary liquidation process, after staff at the company were made redundant from the 1st of May.
A spokesman for ReSolve, the administrators of the UK parent Everest 2020, told Manx Radio there are no known material assets in the Isle of Man company.
Everest (Isle of Man) Ltd acquired its stock through Everest 2020 Ltd, which went into administration on the 25th of April.
As a result the Manx company is now also insolvent and ongoing orders will not be fulfilled.
Simon Richardson reports.
AUDIO TRANSCRIPTION
It's a blow to Isle of Man customers who had placed orders with Everest.
ReSolve says it's not yet been appointed in the Isle of Man, but will be in touch with customers in due course, following formal appointment, to request that they submit a claim in the liquidation.
Around 1,500 Everest customers in the UK have had a much better outcome, after rival firm, Anglian Home Improvements acquired the Everest order book and pledged to complete outstanding orders for Everest customers.
It's not known how many people on Island are affected.
Unite 'inundated' with negative responses following 'disgraceful' pay offer
The reason behind the Ballaglass Wizard's disappearance
SPC warns against 'bloated' Sea Services Agreement
Armed Forces Day celebrations today
Passenger numbers at airport up by 7% over TT
Chief minister seeks Tynwald approval to appoint new information commissioner
