business

Tuffnells Falls Into Administration, Threatening Delivery Disruption To UK Fenestration

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 [...]

By |2023-06-12T17:16:31+01:00June 12th, 2023|Categories: business, double glazing industry|

Safestyle UK Issue AGM Trading Update

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 [...]

By |2023-05-22T15:47:42+01:00May 22nd, 2023|Categories: business, double glazing industry|

The Fenestration Sector Could Be Set For Consolidation

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 [...]

By |2023-05-17T22:01:44+01:00May 17th, 2023|Categories: business, double glazing industry|

A Chance To Push For VAT Relief On New Windows And Doors

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 [...]

By |2023-05-08T21:41:47+01:00May 8th, 2023|Categories: business, double glazing industry|

Majestic Group Ready For Growth After Acquisition By RDCP

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 [...]

By |2023-05-04T21:19:04+01:00May 4th, 2023|Categories: business, double glazing industry|

How Bad Is This Downturn?

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 [...]

By |2023-03-29T16:09:39+01:00March 29th, 2023|Categories: business, double glazing industry|

Edison Group Acquires Tyne And Wear-Based Crown Architectural Systems

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 [...]

By |2023-03-28T00:14:28+01:00March 28th, 2023|Categories: business, double glazing industry|

Modular Group Investments (MGI) Completes Acquisition Of Oakland Glass Ltd

Modular Group Investments Ltd (MGI) is delighted to announce the acquisition of Oakland Glass Ltd. This is a key strategic addition to the Group, which adds significant capacity and capability in insulated double-glazed unit production, and provides established routes to market for Oakland Glass through MGI’s existing and future channels. Oakland Glass was established [...]

By |2023-02-17T10:59:08+00:00February 17th, 2023|Categories: business, double glazing industry|

Safestyle UK Announce Year-End Trading Update

Earnings season in the fenestration sector continues, with some of the largest publicly traded companies in the industry continuing to report on 2022 performance. Today it is the turn of Safestyle UK. Although they report a solid year, there are hints in the statement below that there are more challenging times ahead for the [...]

By |2023-02-02T11:12:41+00:00February 2nd, 2023|Categories: business, double glazing industry|

Eurocell Reports 12% Jump In 2022 Trading Update

As earnings season begins, Eurocell has reported a 12% jump in sales for 2022 compared to 2021. This is the statement in full that they provided to the markets: Eurocell plc, the market-leading, vertically integrated UK manufacturer, recycler and distributor of innovative window, door and roofline PVC products, provides the following update the for [...]

By |2023-01-27T15:12:49+00:00January 27th, 2023|Categories: business, double glazing industry|

Open Letter: Guy Hubble, Joint Managing Director At RegaLead Ltd

Dear Jason, I read your recent article regarding global freight prices with interest last week, and whilst I would not normally respond to an opinion piece of this kind, I do believe that this deserves a warranted answer from the perspective of a components manufacturer at the top end of the supply chain. As [...]

By |2023-01-11T15:09:22+00:00January 11th, 2023|Categories: business, double glazing industry|

Saint-Gobain Divests Its Distribution Business In The UK

Saint-Gobain has announced that they have signed a binding agreement which will see them sell builders merchants Jewson to the Stark Group. This is a statement published by Saint-Gobain in mid-December: Following a competitive sale process, Saint-Gobain has signed a binding agreement for the sale of all its merchanting brands in the United Kingdom [...]

By |2023-01-09T16:18:34+00:00January 9th, 2023|Categories: business, double glazing industry|

Fineline Aluminium Fall Into Administration

The tougher economic environment appears to be beginning to bite as documents on Companies House show that Fineline Aluminium, part of the original Customade Group, has fallen into administration. See Companies House documents here: https://find-and-update.company-information.service.gov.uk/company/12672039 Since the collapse of the original Customade Group at the start of the pandemic, it appears that there has [...]

By |2022-12-22T00:31:11+00:00December 22nd, 2022|Categories: aluminium, business, double glazing industry|

Window Ware Announces Management Buyout

In a statement published today via its social channels and website, Window Ware has announced that it is under new ownership via a management buyout. Here is the statement that Window Ware provided: Having been owned by Arran Isle Group (formerly Heywood Williams Group) for more than 20 years and then more recently by [...]

By |2022-11-17T14:07:19+00:00November 17th, 2022|Categories: business, double glazing industry|

Glass Prices May Continue To Rise In 2023

Some scary predictions today on Halloween. In a recent Linkedin post, Ryan Green, MD of Clayton Glass, explained the situation with float glass production both in the UK and Europe. Spoilers, the outlook doesn't look great: Glass prices up on pressures Think about what is being predicted in that post. We know a [...]

By |2022-10-31T00:03:22+00:00October 31st, 2022|Categories: business, double glazing industry, Glass|

Expect A Rise In Fenestration Companies Going Bust

We’re about to go through a hell of a hangover from the last two years. With unbridled success in 2020 and 2021, juiced thanks to Government-funded stimuli such as furlough and grants for businesses, we will not be able to escape the after-effects. The war in Ukraine has certainly not helped global economics, putting [...]

By |2022-09-13T23:39:58+01:00September 13th, 2022|Categories: business, double glazing industry, economy|
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