Roofing products supplier Easy-Trim files administration notice
AI Article Summary
Roofing products manufacturer and supplier Easy-Trim has filed a notice of intention to appoint an administrator. The company operates out of a large distribution center in Lancashire with a turnover of £18.1 million for the year ending December 2023, generating a pre-tax profit of £233,000 and employing 64 people. The administration notice was identified by Red Flag Alert, a data and credit checking service, which monitors high court construction insolvency applications.
What This Means for Canadian Contractors
This development shows how critical financial health monitoring is for suppliers in the construction industry. For Canadian builders, this means ensuring that their partners are financially stable to avoid disruptions in the supply chain. Moreover, partnering with financial monitoring services could help them prevent potential financial losses from business failures.
