Administrators Resolve confirmed today that a deal has been struck to sell certain assets of the failed business to Anglian Home Improvements.

While the terms of the agreement are finalised, the joint administrators have entered a subcontractor arrangement that will enable customer orders to be fulfilled by Anglian where possible.

This will ensure all Everest customers impacted by Everest’s insolvency will have the opportunity to carry out home improvement projects.

The interim agreement will enable customers to arrange completion or fulfilment of their orders, including those customers who were mid-way through the installation process, as well as customers who had booked an installation with Everest.

Cameron Gunn, joint administrator and senior partner at ReSolve said: “Despite our best efforts to secure a sale of the business as a going concern, we were racing against the clock and unfortunately it was not possible.

“We are now focused on supporting employees during this difficult transition. We are pleased to have reached this agreement with Anglian Home Improvements which gives Everest customers the certainty and peace of mind that their home improvement projects can now be completed.”

Peter Mottershead, executive chairman of Anglian Home Improvements, said: “Anglian Home Improvements has agreed with the administrators to support Everest customers in what we know is a very difficult situation, and we hope this agreement will go some way towards alleviating the concern and burden on those Everest customers who have been impacted.

“Our customer service teams will be making contact with customers in the coming days and weeks to discuss the status of each order with the customers and where possible arrange completion of orders, prioritising those who were part-way through the installation process.

I can also confirm that Anglian Home Improvements will honour the terms of the contract, including the price, that had previously been agreed with each customer.”