THREE directors of an Island glazing firm that called in the liquidators last week have already started a new company.

As reported, GTI Glazing Systems, based at Somerton Industrial Estate, Cowes, looks likely to be wound up after appointing business advisory firm and liquidator Quantuma.

A Quantuma spokesperson told the County Press a meeting of GTI Glazing shareholders had been scheduled for September 28, where it is anticipated they will agree to place the company in voluntary liquidation.

A creditors' meeting is due to take place directly afterwards.

GTI Glazing directors Michael Roberts and Neil Johnson, and former director John Brady, who resigned his directorship in February, have already set up a new firm.

According to Companies House, they are listed as directors of Glazing the Island — which also has the initials GTI — incorporated on August 23.

It is not known if they will save any of the jobs lost at GTI Glazing.

Founded in 1992, GTI Glazing has more than 50 employees and a fleet of more than 30 vehicles.

According to the company's website: "GTI Glazing Systems is the IW's largest window and conservatory fabricator and installer. GTI has over 50 employees and numerous installation teams specialising in all aspects of the glazing and building industry."

Customers have asked if ongoing work will be completed, and whether warranties will still be valid.