As we begin to look forward to the end of the year and some well-earned time off over the Christmas period, it is also time to start thinking ahead to 2024 and ponder where the best opportunities might lie for the fenestration sector. 2023 has certainly been a challenging one in many aspects. The [...]
In a new statement published today, Safestyle confirmed the appointment of Interpath Advisory as administrators of the business. News was expected after the company announced it's intention to appoint administrators last Friday evening. Safestyle appoints administrators Here is the short statement in full: On 27 October 2023, Safestyle announced that it intended to appoint [...]
Following weeks of turmoil at the business, it was announced on the evening of Friday 27th October 2023 that Safestyle UK are to appoint administrators. They confirmed that they have not been able to find a buyer for the business or new investors to inject cash. The share price of the business has been [...]
In a new update published this morning by Safestyle UK, they have confirmed that shares in the business have been suspended. They published two updates this morning. Suspension of trading This is the confirmation that the company had requested shares to be suspended this morning: Safestyle UK plc (AIM: SFE.) provides the following update [...]
As if further evidence was needed as to the tough trading environment the glazing sector is in right now, accounts posted by Pilkington Group on Companies House show the company lost over £200m in the last financial year. This painful loss comes against a backdrop of very disturbed trading conditions as we have seen [...]
In what will be another worrying trading update issues by Safestyle UK this morning, they have confirmed that there are no new investors coming with any fresh cash to restore stability to the business. Instead, they are now seeking a sale of the business or it's assets as what looks like a final attempt [...]
Rob McGlennon, Managing Director, Deceuninck, asks does the high-volume model still add up for fabricators? It’s been a stormy end to summer and start to autumn. Profit warnings from Safestyle were followed by the collapse of Duraflex and now, UK Windows and Doors Group. Routes to market for each may be very different but [...]
Mark Allen Group, which owns Glass & Glazing Products magazine and the Installer Awards, has acquired the Glazing Summit conference. The move strengthens Mark Allen’s position within the glazing sector while Andrew Scott, founder of the Glazing Summit and CEO of the event organisers, Insight Data and Purplex Marketing, will remain closely linked to [...]
Everest 2020 Limited, owner of the UK’s most famous home improvement brand which has been operating for over 50 years, has announced the purchase of the brand, order book, and assets of Evolution, a manufacturer of the UK’s finest timber alternative windows and doors based in Biggleswade, Bedfordshire. Evolution was previously a profitable business [...]
Ever since the sad demise of the UK Window and Doors Group at the beginning of the month, the industry has been waiting to find out what the fate will be of the individual brands within the group will be. It appears we may now know what the outcome for Evolution might be, thanks [...]
The share price of Safestyle UK has been in the spotlight over the last couple of weeks as the company seeks to inject new cash from additional investors to shore up the company. You can catch up on the latest news from the company here. So I thought it might be worth taking a [...]
A week after the last statement from Safestyle UK, in which they alerted markets and the wider sector that they were seeking an injection of cash from a third party investor, they have released a new statement which they call a response to media speculation. In this new statement, they confirm that the continuation [...]
UK Windows And Doors Group are gone. Safestyle UK are in a very tight spot indeed. A large number of smaller fenestration firms have gone bust in the last few months, adding to the larger casualty numbers in the wider construction market. Polyframe added Eurocell and moved away from Duraflex. Glazerite added Deceuninck to [...]
Appearing to confirm what has been reported on the BBC and other outlets, Sevenday Windows have taken to Linkedin to make a statement on the status of the business. It is as follows: Whilst this week has been challenging for our former colleagues at the old UKWDG, we are very pleased to say that [...]
In another brand new trading update posted this morning, Safestyle UK have stated that they are in talks to find new third party investors and renegotiating their credit facility with their providers. This is their new trading update in full: Safestyle UK plc (AIM: SFE), the leading UK focused retailer and manufacturer of PVCu replacement windows and doors [...]
This is an official statement from VEKA Plc on the administration of the UK Windows And Doors Group: Last week, we were made aware that the current owners/backers of UK Windows and Doors Group (UKWDG) were not prepared to continue to provide funding and, as such, should a buyer not be found, that administration [...]
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