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ReSolve Sells Evolution Home Improvement
ReSolve completes share sale of Evolution Home Improvements
The joint administrators of Everest 2020 Limited, Cameron Gunn, Chris Farrington and Lee Manning of ReSolve, have announced the 100% share sale of Evolution Home Improvements Limited, to Surgit Singh, the owner of Aluco Aluminium Ltd and Ventiss Limited.
Evolution, a renowned specialist in timber alternative manufacturing, is based in Biggleswade, Bedfordshire. In recent times, Evolution was under the ownership of UK Windows and Doors Group and more recently Everest 2020 Ltd. The sale to Mr Singh marks a significant milestone as he was an original co-founder of Evolution in 2004 before selling the company in 2014.
Evolution is renowned for its high-quality timber alternative products. The company has earned a strong reputation for its exceptional craftsmanship and innovative designs in the window and door industry.
Taking control of Evolution once again, Surgit Singh, along with his experienced management team, aims to reclaim Evolution’s position as the market leader in the timber alternative industry. The strategic focus will be on innovation, sustainability, and fostering long-term relationships with all stakeholders, including staff, customers, and suppliers.
Partners from ReSolve were appointed as joint administrators to Everest 2020 Limited on 24 April 2024, of which Evolution was a subsidiary. This sale by the administrators to Mr Surgit Singh secures the future of the business as well as the jobs of all its employees.
We are pleased to have completed the sale of Evolution to Mr Surgit Singh, one of the original founders of the business. We were able to move quickly, securing the future of the business and over 60 jobs. We wish Surgit and Evolution all the best for the future.
This article was originally published on ReSolve Advisory Limited. On 28 October 2024, ReSolve Advisory Limited joined S&W Partners LLP (formerly Evelyn Partners LLP). While considerable care was taken to ensure the information contained within this article was accurate and up to date at the time of publication, no warranty is given as to the accuracy or completeness of the information. No liability is accepted for any errors or omissions in such information or any action taken on the basis of this information.