Double glazing giant Everest crashes into administration

One of Britain's biggest double-glazing suppliers has crashed into administration, leaving insolvency practitioners engaged in a race to salvage hundreds of jobs. Sky News has learnt that Everest, which has been owned by the prominent financier Jon Moulton's investment firm Better Capital for more than a decade, called in administrators this week. Mr Moulton, one of the City's best-known turnaround specialists, has been winding down Better Capital for years, with Everest one of its few remaining investments.

Owned by Jon Moulton’s Better Capital for more than a decade, Everest has called in ReSolve to act as administrators in a bid to save hundreds of jobs, Sky News learns.