York-based Orion Windows Limited has been bought out of administration by Orion Home Improvements Limited, saving the jobs of all 16 staff.
Established in 1989, the independently-owned company supplies conservatories, orangeries and extensions as well as high performance windows and doors. It has a showroom in Clifton Moor, York, with a large display of fully finished conservatories, orangeries and solid roofs in a range of styles.
Phil Booth of Booth & Co was appointed as administrator on 18 November 2022 and the sale of its business and assets was immediately completed to Orion Home Improvements, a company owned by a consortium that includes the directors of Conservatory Outlet Ltd, Orion Windows’ main manufacturer and supplier.
The administrator was advised by Alice Pratt, Estelle Oates and Joseph Young from Clarion’s Business Restructuring and Insolvency team.
Phil Booth of Booth & Co said: “After 30 years of successful trading, Orion Windows has been faced with a number of issues over the last couple of years; having suffered from the impact of multiple Covid lockdowns which resulted in a fall in revenue, it was then hit by the escalating costs of raw materials and energy.
“The company was marketed by Mark Rowlands of SIA Group in Leeds and a pre-packaged sale was subsequently agreed to Orion Home Improvements, securing the future of this long-established business. This deal is great news for staff, customers and suppliers.”
Alice Pratt, partner at Clarion, said: “Like many businesses, Orion Windows was adversely affected by the disruption of the pandemic as well as the pressure of spiralling costs, but in the hands of a new owner with significant experience in the sector, it has a brighter future ahead.”