A Composite Door I Quoted Rose £600 In Two Years

The other day a client from March 2020, just before lockdowns came into force, came back to me to get a composite door re-priced at today’s prices. The scale of the rise was rather drastic. Composite door price up 40% The type of composite door that was being quoted wasn’t anything remarkable. A Black [...]

By |2022-05-24T15:43:53+01:00May 24th, 2022|Categories: business, doors, double glazing industry|

Window Widgets Acquires Profoil And Forms The Q19 Group

The team that acquired Window Widgets in 2019 announced the formation of the Q19 Group and the acquisition of Profoil Limited, the deal was completed on the 13th May 2022. Profoil, based in Kettering, provides foiling services to the fenestration and building materials markets in the UK and the Republic of Ireland. The Q19 [...]

By |2022-05-18T21:12:33+01:00May 18th, 2022|Categories: business, double glazing industry|

Crystal Clear Group Limited In Administration

It has been confirmed that there is another industry casualty today as newly updated records on Companies House show that Crystal Clear Group Limited has also gone into administration. This follows the confirmation that The CMS Group in Scotland has also entered into administration. Crystal Clear Group Limited in admin I did receive knowledge [...]

By |2022-05-16T15:40:41+01:00May 16th, 2022|Categories: business, double glazing industry|

The CMS Group Falls Into Administration

In one of the year's biggest casualties so far, The CMS Group in Scotland (CMS ENVIRO SYSTEMS LTD) has fallen into administration as of May 10th 2022. This is one of the largest fenestration sector companies in Scotland. As our sector begins to contemplate a much more difficult trading environment, it calls to question [...]

By |2022-05-15T22:59:50+01:00May 15th, 2022|Categories: business, double glazing industry|

Some Tradespeople Are Now Making More Than £1000 Per Week

In another sign of the ongoing major squeeze on available skilled labour, new data shows that in three areas of the UK, the average weekly wage of tradespeople has broken the £1000 barrier. The demand for skilled workers will only rise further as all areas of construction struggle to recruit fast enough to meet [...]

By |2022-05-03T17:10:48+01:00May 3rd, 2022|Categories: business, double glazing industry|

Safestyle UK Publishes Full 2021 Financial Results

Earnings season continues as the biggest publicly traded companies in UK fenestration announce their full 2021 financial results. Safestyle is the latest to announce theirs and as expected, they show a very profitable 2021 as the entire industry benefitted from pent up demand from homeowners and a cash glut thanks to furlough payments and [...]

By |2022-04-21T14:56:30+01:00April 21st, 2022|Categories: business, double glazing industry|

Inflation Reaches 7%

As expected, inflation in the UK continues to rise. In March, inflation rose to a 30-year high of 7%, up from 6.2% in February. Crucially, this still doesn't take into full account the invasion of Ukraine by Russia and the energy price cap rise which came into force at the beginning of April. Therefore, [...]

By |2022-04-13T17:10:59+01:00April 13th, 2022|Categories: business, double glazing industry, economy|

Inflation Hits 6.2% As Cost Of Living Crisis Hits Home

Near the end of March, we saw a double-dose of bad financial news. First, inflation rose to 6.2%, which exceeded forecasts of 6%. Rising inflation has prompted the Bank of England to start to raise interest rates from record lows to 0.75%. The BoE is expected to keep raising rates until inflation comes under [...]

By |2022-04-03T23:57:39+01:00April 3rd, 2022|Categories: business, double glazing industry|

More Price Increases Are Coming

As is to be expected, persisting and rising inflation, coupled with the commodity spikes after the Russian invasion of Ukraine, a new wave of material price increases are incoming. Unlike 2020 and 2021, where the industry was going through a boom period, these latest increases set to hit are against a rapidly changing economic [...]

By |2022-03-16T12:13:10+00:00March 16th, 2022|Categories: business, double glazing industry|

Management Buyout At Improveasy The Home Improvement Finance And Funding Specialist

This is a press release from Improveasy: Austin Barcley, CEO and original founder of Improveasy, has completed an MBO for a controlling stake in the business. Austin, along with key personnel Chris Antrobus - ECO Funding Division, and Jeff Poole - Consumer Finance, is aiming for continued growth for the Altrincham based business. Michael [...]

By |2022-03-14T14:48:55+00:00March 14th, 2022|Categories: business, double glazing industry|

Markets Are Beginning To Break And It Will Affect Everything

The war in Ukraine grinds on, and with each day the humanitarian crisis grows. Millions of people are being displaced within the country and are fleeing to their neighbours in Eastern Europe. But as the war in Ukraine continues, the fallout of the conflict is now very much working its way into various markets [...]

By |2022-03-09T22:43:15+00:00March 8th, 2022|Categories: business, double glazing industry, economy, Ukraine Crisis|

Glass Energy Surcharge Reductions May Not Last

It seems rather frivolous and frankly quite pathetic to be talking about glass energy surcharges when you consider the carnage and suffering that is being endured by the Ukrainian people right now. But the war in Ukraine is a conflict that will have effects around the world, and UK fenestration will not be immune [...]

By |2022-03-09T22:01:40+00:00March 4th, 2022|Categories: business, double glazing industry, Ukraine Crisis|

Dekko Windows Acquired By Inwido

In a major deal for the fabrication sector within UK fenestration, it has been announced that European fenestration giants Inwido have acquired a 70% stake in Dekko Windows. Statement from Dekko Windows Inwido, Europe’s leading window group with 29 business units across 11 countries, has acquired a majority stake in Dekko and now own [...]

By |2022-03-02T12:41:14+00:00March 2nd, 2022|Categories: business, double glazing industry|

Inflation Rises Again

Against expectations, inflation in January rose once again, for the fourth month in a row, to 5.5% from 5.4% in December. Whilst 0.1% might not seem all that much, it was predicted that rates would either remain stable or dip slightly due to the festive period. The outlook doesn't look any better in the [...]

By |2022-02-16T14:41:19+00:00February 16th, 2022|Categories: business, double glazing industry, economy|

Stürtz Group Acquire Stuga Machinery Ltd

M&A activity in the fenestration sector continues to pick up as it has been announced that Stuga Machinery Limited has been acquired by Stürtz Group. This is the statement that has been published on the Stuga website: Stuga Machinery Limited, a market-leading manufacturer of uPVC sawing and machining centres to the UK and Ireland [...]

By |2022-02-08T11:16:27+00:00February 8th, 2022|Categories: business, double glazing industry|

Safestyle UK Posts Better Than Expected 2021 Trading Update

As we approach earnings season in the UK fenestration sector, Safestyle UK are making moves first as they issue a new trading update and state that their full-year 2021 results will be ahead of expectations. This is their statement provided to DGB: Trading and Operations Update, Upgraded FY21 Expectations & Notice of Results Safestyle [...]

By |2022-01-26T21:16:46+00:00January 26th, 2022|Categories: business, double glazing industry|
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