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Double glazing giant Everest crashes into administration | Business News

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.

ReSolve, a professional services firm, has been appointed to handle the process.

Sources said it was now engaged in an attempt to find a buyer for Everest in order to save as many of the company’s roughly 350 employees’ jobs as possible.

Money latest: Morrisons shoppers are going to notice two changes

Potential bidders are expected to include turnaround investors as well as industry players.

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.

He engineered a rescue deal for the loss-making business months after the COVID outbreak prevented its workforce from visiting customers in their homes.

A pre-pack administration, which took place in June 2020, salvaged hundreds of jobs and paved the way for the fulfilment of existing customer orders.

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According to information circulated to potential bidders by a different firm of advisers several weeks ago, Everest “requires an immediate funding injection to relieve creditor pressure which, combined with further significant investment in its marketing, systems and brand, can deliver increased market share, and a path to strong underlying profitability and growth”.

ReSolve declined to comment, while Mr Moulton has been contacted for comment.

Three people killed after car crashes and catches fire in Cornwall | UK News

Three people including a 16-year-old boy have died after a car caught fire following a crash in Cornwall.

A group of teenagers have been arrested on suspicion of causing death by dangerous driving, Devon and Cornwall Police said.

Officers rushed to the A390 near St Ive, Liskeard, shortly before midnight on Tuesday after a car was reported to have left the road and caught fire.

The boy and two men aged 18 and 30 were found inside and declared dead at the scene.

Two girls and two boys from Liskeard were later arrested and remain in custody, the force said.

Officers also seized a vehicle believed to have been involved in the “tragic incident”.

Sergeant Tina Green, of Devon and Cornwall Police, said: “Our thoughts are with the families and friends of those who lost their lives and our investigation remains ongoing to understand the full circumstances of how this tragic incident occurred.

“Whilst our inquiries are ongoing there will be an increased police presence in the area of the collision and in the wider Liskeard area.

“I would encourage anyone with information which might assist police and anyone who was travelling in the area and may have relevant dashcam footage to report it to us.”

Read more:
How search for Cardiff car crash vehicle unfolded – as police face criticism

Speculation on social media

She added: “We are aware of some comments and speculation on social media and I would remind the public that there is a live and active police investigation in relation to this incident and therefore please refrain from speculating about the nature of the incident and those involved.

“If you see any social media commentary that you feel may assist our investigation, please report that to us also.”

Website crashes after cheaper HRT prescriptions launched | UK News

Health officials have apologised after the launch of a new scheme to cut the cost of Hormone Replacement Therapy (HRT) was hit by technical problems.

The NHS Business Services Authority (NHSBSA) said it was aware of people “experiencing issues” while attempting to access the service online.

The new scheme, which came into force on Saturday, reduces the price of menopause treatments to less than £20 a year.

The plan was announced by the Department of Health and Social Care (DHSC) in February, saying it would save around 400,000 women in England up to £205 annually.

Before the rollout, each prescription for HRT cost £9.35, or £18.70 if a woman needs two types of hormones, and that needed to be paid once a month or every three months.

Now women can get a new HRT prescription prepayment certificate for £19.30 per year to access a list of eligible HRT items, including patches, tablets and topical preparations, whenever they need them.

But women have been unable to sort the certificate online due to issues with the NHSBSA website.

Welsh Labour MP Carolyn Harris posted an image on Twitter which appeared to show the website had crashed and asked “can anyone actually access the site?”

“This has been so hard fought for by women and they can wait no longer,” she added.

The NHSBSA said it was working to fix the problem, adding that women will be able to backdate their certificate if they buy it at a later date.

A spokesperson said: “We’re aware that some people are experiencing issues when trying to buy an HRT PPC this morning following the introduction of the new service.

“We’re working to put a fix in place as soon as possible and we apologise for any inconvenience.”

Read more:
HRT prescriptions now cheaper under new scheme
Menopausal symptoms ‘forcing women to quit their job’

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How do perimenopause symptoms affect women?

About 15% of women aged 45 to 64 in England are currently prescribed HRT, according to DHSC figures.

The treatment can help relieve menopause and perimenopause symptoms, including hot flushes, night sweats, brain fog, joint pains, mood swings and vaginal dryness.

It can also reduce the risk of hormone-related health problems, such as osteoporosis and heart disease.

The new certificate can be accessed online or in some pharmacies and will mean women pay once to access treatments as many times as they need throughout the year.

The certificate includes access to eligible HRT items including patches, tablets, pessaries and gels and creams applied to the skin.