Jobs lost as fast growing Aspect Facades closes in the face of cash flow issues

Cladding and roofing specialist Aspect Facades has collapsed into administration with the loss of 30 jobs.
Only months after the County Durham firm was named the North East’s fastest growing small business, insolvency experts have taken control of the business, which has stop trading. Administrators from FRP said Aspect had suffered problems largely due to delayed projects which impact cash flow.
Most recent accounts for the firm to the end of March 2022 show it was owed £1.5m, and owed roughly the same to creditors, due within the year. The closure comes not long after Aspect was crowned the fastest growing small business in the r …