A new trading update published by Safestyle UK this morning has sent their share price tumbling further. This comes after a prolonged period of decline, which has now seen more than 96% of the value of the shares in the company wiped out since their all-time-highs in 2017. Safestyle UK trading update This is [...]
Safestyle UK appear to be in a rather sticky spot of bother. Ever since their latest trading update, which delivered a significant downgrade on expectations and notification of job losses, their share price has taken a dive. Although the share price of the company has been significantly lower since their all-time-highs in 2017, the [...]
Saint-Gobain has today completed the sale of its glass processing business Glassolutions in Slovakia, to “Glasora a.s.”. The Business, with its industrial plant located in Nitra-Chrenovà, generated sales of around €20 million in 2022 and employs 150 people. This transaction is part of Saint-Gobain's continued business profile optimization strategy, in line with the "Grow [...]
Press release from Saint-Gobain Saint-Gobain has signed a binding agreement for the sale of COVIPOR, its glass processing business in Portugal, to PNI Portugal & Permanente SA. COVIPOR generated sales of around €20 million in 2022, with two industrial locations in the Porto area employing approximately 100 people. Closing of this transaction is subject [...]
If you keep up with such things, you will know that there has been a run of bankruptcies within the fenestration and wider construction sector which has underlined the fragility in the marketplace right now. I want to go through some of the notable ones and explore what it might mean for the fenestration [...]
In what is the first acquisition of the newly formed 1st FSD Group, it has been announced that they have taken over long-established window, door, and joinery business Norscot for an undisclosed sum. Norscot acquired The news was announced on the Norscot Windows And Doors website: Highland based Norscot Joinery, renowned manufacturer of windows, [...]
The latest Builders Merchant Building Index (BMBI) report shows builders’ merchants’ value sales down by -9.0% in April compared to the same month in 2022. Volume fell -20.2% with price inflation of +14.0%. Taking trading day differences into account, like-for-like sales were -4.0% lower as April 2023 had one less trading day than the [...]
In a follow up from last week's news surrounding the discontinuation of Duraflex, DGB has seen the following communication: UK Windows and Doors Group (UKWDG) and VEKA plc are pleased to announce the expansion of their already successful partnership. Lancashire-based VEKA plc, which already supplies UKWDG with the exclusive Evolution profile, will supply all [...]
DGB has been provided with the following statement regarding the future of Duraflex extrusions in Tewkesbury, Gloucestershire. UK Windows and Doors Group - Duraflex Tewkesbury UK Windows and Doors Group, a market leading manufacturer of uPVC window and door systems has announced that it intends to consult with employees on the proposed closure of [...]
Sheffield-based Tuffnell, whose brand "The Big Green Parcel Machine" will be familiar to many, has called into administration today. Sadly, thousands have already been made redundant, with only 128 staff remaining as the company goes through the administration process. Although the company is known for its parcel delivery service, it did also service other [...]
Alan Lovell, Chairman of Safestyle UK plc, the leading UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, will make the following statement at today's Annual General Meeting: Our trading has remained in line with recently revised expectations outlined in our Final Results in March. We have maintained the [...]
There is no doubt that trading conditions during 2023 are not what they were during the last few years. After being buffeted by intense levels of demand during the pandemic years, inflation and the cost of living crisis have dampened down that high spending behaviour that our industry benefitted from. We are not immune [...]
The fenestration sector finally has a chance to communicate with the Government on one of the most pressing issues we have argued for years: VAT relief. Following on from the Windsor Framework, the Government is now looking to consult on what the public and business think should be included for VAT relief as part [...]
London-based investment firm RDCP Group has made a major investment and acquired 98% of Somerset-based window, door, and conservatory manufacturer Majestic Group. After a record year, celebrating circa £8m in turnover and £2m in operating profits, boasting a 25% profit margin, Majestic is now targeting significant growth in the years ahead. Majestic Group consists of the [...]
In true industry style, the picture of the true state of the market is deliberately murky. If you were to read just the PR, you'd think we'd barely changed from the heady days of 2020 and 2021. In private, however, the conversations are rather different and point to areas of the sector that could [...]
The latest move represents a major foray into the English market and adds significantly to the fast-growing Edison group skills portfolio. Edison Group, the fast-growing Ayrshire-headquartered construction, property and investment business, has acquired Crown Architectural Systems, a north-east of England-based company which operates from a 6500 sq. ft facility in Washington, in the City of [...]
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