>HMV announced figures today that in the 5 weeks leading up to Christmas in 2011, sales were down 8.2% in comparison to the same 5 weeks in the year before.You know things are bad when the company itself is saying that it may not be around in the coming few months! However according to reports, [...]
>I know there are about 3 and a bit weeks left of the year, but I thought I might as well claim my spot and be the first to do a review of the year...from my point of view anyway!UncertaintyBefore the bad years, the industry could count on the typical buying pattern. Beginning of the [...]
>There is still the odd rumour flying around about takeovers and mergers. Nothing I can confirm just yet. One rumour keeps getting denied, despite the fact that it keeps showing it's head. I published another rumour on Twitter last week which was then denied by the company's owners...which to be honest I would prefer as [...]
>Homeform Group, which consists of Moben Kitchens, Sharps, Kitchens Direct and Dolphin Bathrooms, looks set to be put into administration by private equity group owners Sun European Partners.The group have filed with the Court a Notice Of Intention to Appoint an Administrator, with the expectation that the company will be Deloitte. This is a process that [...]
>Tomorrow we should be reading a statement which will confirm the buyout of one systems company by another. While this has been big news for those who have bothered to follow the tweets and blog comments, we have to remember and be sensitive to the fact that combining two massive companies in the fabrication sector [...]
>Ok, so it appears that I may have been a bit slow on the uptake of this news, but I learned today that Veka has bought, or is about to buy WHS Halo. Then later on in another tweet it was described as a merger. So whats the story here?It's obvious that there are people [...]
>Below is an article taken from the www.double-glazing-forum.com website reporting on the rise in profits, fall in turnover and job losses at Anglian:Anglian Group, the parent company of Anglian Home Improvement, has said that profits for the first half of 2010 have risen by 70% despite a fall in revenue.Norwich-based Anglian, one of the UK's largest [...]
>Press release from Reuters, brought to my attention via Quorn Conservatories on GlassTalk:ANGLIAN OPENS WINDOW TO SALEHome improvements firm Anglian Windows has appointed accountants KPMG to manage the auction of the business, which analysts say could be valued at as much as 140 million pounds. A sell-off would mark the second time that the business [...]
>There is a lot of speculation that come 1st October, those who haven't conformed to the new rule changes to Part L will go out of business. But is that a scenario that is likely to occur? I don't think so. Let's think about this realistically. Will manufacturers really not conform to the new rules [...]
>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? [...]
>http://www.double-glazing-forum.com/ has released the monthly figures of bankrupt companies for February and they have come down to 168, from January's 192. The more and more we look at the lists that get realeased, the more we have to realise that the companies listed on there are not all double glazing companies. We don't really have [...]
>Today's big announcement was Synseal completing a MBO, and merging with global private equity firm H.I.G. Capital Ltd. Part of the statement released read:The management team of Synseal announced today that it had purchased the share capital of Synseal Extrusions Ltd and Allerford Holdings Ltd from Gary Dutton MBE for an undisclosed sum.The successful culmination [...]
>Some news fed in to us today. We've heard that Global Roof and Synseal seem to be up for sale. A figure of £2.5 million has been banded around, referring to how much the company is losing per month. Whether there is a cash flow or credit problem at the company, or whether the owners [...]
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