MJ Gleeson Turnover To Fall By Estimated £100m
House builder MJ Gleeson has provided a financial update, warning the markets of a revenue drop of 40%, or £100m due to the impacts from the pandemic. This was [...]
Its Time To Rethink The Pre-Pack Administration
Last week saw the "reconstruction" of the dying Everest Home Improvements business into the new Everest 2020 business. On the Better Capital website, the fund behind the reconstruction, it [...]
Everest Business “Reconstructed”
In a statement issued on June 5th, Everest has announced that the company has been restructured, with the saving of 400 jobs. This was the statement published on the [...]
Duraflex Statement
In response to an article posted yesterday evening, Duraflex has provided a statement to clarify that business continues as normal and that the company closed was dormant: To get [...]
The Gazette: A Dormant Duraflex Closed
Documents posted this evening on The Gazette show that a dormant Duraflex Limited has been closed: You can find the original document on The Gazette here. A search through [...]
Companies House Documents Show New Everest 2020 Company
New developments appear to be happening at Everest. Documents available on Companies House show the creation of a company called Everest 2020 back in March. But new papers filed [...]
Its Time To Support The British Economy In A Meaningful Way
For the world of business and UK fenestration, the dangerous period wasn't in March of April, in the sense of finances. Not even May. The dangerous period is coming [...]
Profine Makes Strategic Onward Sale
This is a press release from profine: Following on from the acquisition of essential assets from the administrators of Aperture Trading Ltd, which includes the Evolve, Legend and WarmCore [...]
Profine Acquires Assets From Aperture
BREAKING... profine Group, has acquired essential assets from Aperture Group, formerly Synseal, one of the leading manufacturers of window and door systems in the UK. The Aperture Group, based [...]
Daily Mail: Everest On Brink Of Collapse
A report from the Daily Mail online tonight is reporting that Everest Home Improvements is on the brink of collapse. You can read their article in full here. The [...]
Shares To Be Cancelled In Fund That Owns Everest
In a sign of the rising turmoil in fenestration right now, it has been announced that the investment fund BECAP12, which owns Everest Home Improvements, is to be cancelled [...]
Ultraframe Acquire Assets From Aperture
As we enter a period of instability that many of us are likely to have never seen before, there has been a new dual-announcement with regards to the administration [...]
Eurocell Raises More Than £17m In Share Offering
In what is a second share issuance in UK fenestration, Eurocell has raised over £17m. They issued 10m+ new shares to the market as they sought extra liquidity to [...]
Safestyle Share Issue To Raise £8.5m To Keep Trading
Safestyle has announced that they are to raise £8.5m in cash as they prepare to issue 50m new shares to share holders. This move is to help raise cash [...]
Report: UK GDP Down 15% In Q2
We're still really only at the start of this crisis. It began in late January, we're now at the end of March. Although March does feel as though it [...]
Latest PMI Data Shows Global Economy In Freefall
We knew that the measures we were being asked to take as a nation would cause severe damage to the economy. Here, and around the world. Our Governments have [...]
Aperture Group, Formerly Synseal, Fall Into Administration
In a blow to an industry that is already facing down the barrel of an unprecedented crisis, it has been announced that Aperture Trading Limited, formerly Synseal, has fallen [...]
Fenestration Companies On The Stock Markets Have Been Hit Hard
You won't have failed to notice that stock markets around the world have been tanking ever since the financial world realised that the coronavirus pandemic would cause serious economic [...]
Global Markets Are In Full Blown Panic
You won't have failed to notice that stock markets and commodities are in a full blown meltdown this morning. We were due to open the week down due to [...]
Safestyle Issues Full Year Trading Update
While I was away Safestyle UK issued a full year trading update to the markets. This is a summary of their performance in 2019, in advance of their full [...]
Totali Timber Solutions Limited To Be Placed In Liquidation
The industry churn continues as it has been announed Totali Timber Solutions Limited is to be liquidated. This is the latest in a string of high profile fenestration casualties [...]