Sto Limited - Administration

Sto Limited, an external wall insulation specialist based near Birmingham, entered administration on 17 January.

The company is the subsidiary of a German parent which was set up in 1954 and employs more than 5,700 people across almost 40 countries. 

Stuart Preston and Julie Tait of Grant Thornton were appointed joint administrators after the German parent filed a winding up notice against Sto Ltd, which itself employs about 50 people.

Zurich Assurance has a registered charge against the company.