The £10m turnover firm, which counts Heathrow Terminal Five among it list of jobs, was placed into the hands of administrators just before Christmas.

Administrators from KSA Group have now confirmed they have sold the business to CCPE Architectural Glass Limited saving 65 jobs.

Eric Walls KSA Group’s national insolvency director, said: “We endeavoured as we always do, to try and find a non administration solution.

“However the scale of the debts and the business problems meant that this option was not available.

“Having sold the business to a well capitalised buyer we managed to maintain 65 jobs for employees, the continuity of the business for its customers and we believe a better result for stakeholders.”

In the summer of 2012 Sharda Glass opened a new 50,000 sq ft factory in Hayes, Middlesex.

Creditors should contact KSA’s Gateshead office on 0191 482 3343 for further information.