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When we went down to a recent product launch held by our manufacturers, we were quietly told that one of the big nationals of our industry had to be ‘bailed out’ by the banks. Now what for of help the banks gave we don’t know. Emergency cash injection? Re-financing of their debts? Loan agreement changes? We don’t know, and likely never will. But, if there is any truth to the statement, it shows how fragile the industry still is.
I don’t know if it’s me, but since the election, things have quietened down a bit, as whole. Are the public getting ready to brace for tax rises and spending cuts, thus keeping their money in their pockets? Because right about now is when the industry should be springing into life ready for the summer period. But it all seems a bit lethargic.
Obviously I can’t say who this big national company is, otherwise I might get killed. But, if the company in question is requiring help, then anyone in this industry is at risk. We’re not out of the wood yet.
>This is really interesting, I think most people in the industry have known some of the big boys have been in trouble for some time. In my experience all this is doing is creating fragmentation, a lot of fitters / Salespeople starting out on their own etc, no bad thing, however the lack of standards governing this worries me.
Just my 2 pence worth
The Window Expert
http://www.DoubleGlazingSecrets.com
>I think this might be old news recirculating.
>RCG – I sort of guessed that, but no on else had posted about it. Plus this was just a case of me being lazy and not talking about it till now The Window Expert – I think the ability of fitters starting out on their and surviving isn't as good as it once was. Capital is harder to come buy, plus the average consumer is now more aware of what he/she is getting for their money. Your also right about the lack of control over this process. There has to be something in place to keep an eye over… Read more »