Jon Moulton, the prominent financier, is launching a fresh attempt to sell Everest, the double-glazing supplier he first invested in more than a decade ago.

Sky News has learnt that Better Capital, the private equity firm Mr Moulton founded after he quit Alchemy Partners, has hired advisers to pursue an accelerated sale of the window installation company.

Alvarez & Marsal, the professional services firm, is working on the sale.

Mr Moulton, one of the City’s best-known turnaround specialists, has been winding down Better Capital for years, with Everest one of few remaining investments.

He engineered a rescue deal for the loss-making business months after the COVID-19 outbreak prevented its workforce from visiting customers in their homes.

A pre-pack administration, which took place in June 2020, salvaged hundreds of jobs and paved the way for the fulfilment of existing customer orders.

According to information circulated to potential bidders, Everest “requires an immediate funding injection to relieve creditor pressure which, combined with further significant investment in its marketing, systems and brand, can deliver increased market share, and a path to strong underlying profitability and growth”.

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Offers for the company are being sought in the next 10 days.

Forecasts prepared by advisers suggest the company will return to profitability in its 2025 financial year.

Mr Moulton declined to comment.

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