A WELL-established double glazing company in the Bolton area will continue to operate after a rescue deal has been agreed.

Administrators had been called in at Horwich-based Grosvenor Windows, amid trading difficulties, the Bolton News revealed earlier this week.

But it has now been confirmed that Grosvenor, which was first established in 1975, has been sold on to a new unnamed owner, unconnected with the previous set-up.

Six jobs have been saved as a result of the process of the windows and conservatories supplier and installer, which followed an intensive marketing campaign by Cowgills' Business Recovery. No redundancies are said to have been made.

Insiders say that the firm, which works out of Lodge Bank in Crown Lane, had continued to trade while a fresh owner was sought. The deal is for an undisclosed sum and the Grosvenor name will be retained.

Jason Elliott, head of business recovery at Cowgills, said: "Having liaised with a number of interested parties, we received a formal offer for the business and are delighted that this has resulted in all jobs being saved.

"We always try to achieve the best possible outcome with securing jobs being an absolute priority as well as ensuring the best result for creditors.

"As a result of the directors seeking early advice we have been able to save jobs and the business is under new ownership.

"The new owners of the business are keen to build on the Grosvenor brand and its 40-year history and will continue to service its existing customers."

It is understood that a proportion of the fitting work carried out by the firm is undertaken by contractors.

The company, which was established by Peter Mills as Aluminium Conversions and has expanded several times, has been kept in the same family, with Dominic Mills acting until recently as managing director.

Their rebranding as Grosvenor came following a previous move to Grosvenor Street, Bolton, to reflect their switch from aluminium products to UPVC. Today the outfit is a prominent member of the Veka Network, offering UPVC frames made by the Burnley manufacturer.