Ethics and the Window Industry – Make your own mind up

We don’t think this needs a comment – make your own mind up   “Safestyle UK plc, the leading retailer and manufacturer of PVCu replacement windows and doors to the UK homeowner market, announces that it has been informed that on 20 January 2014 Steve Birmingham, Executive Director, entered into an agreement (the “Loan Agreement”) with Mr Mitu Misra pursuant to which Mr Misra lent Mr Birmingham £1,555,556 (the “Loan”).…

Health and Safety Liability & Sub-Contractors -The ‘Safestyle’ Question

There has recently been some debate around what a company’s (and therefore a Directors) responsibility is towards the health and safety of it’s subcontractors, we aren’t lawyers and you should get specialist advice but there is pretty clear guidance out there that says that even if you don’t employ someone if they are working under your direction you have responsibility for their safe working methods and environment. The Health and…

Entu’s Latest Update Considers It’s Viabilty As a Going Concern

Bad news continues at Entu with significant deterioration in the businesses position, total shareholders liabilities now £15.7m. The Chairman states “Appropriate bank support continues to remain in place whilst this process is completed [strategic review and going concern]. Based on the current level of interest, the Board hopes that the Group will be able to secure new long-term finance facilities.  However, should the Group’s banks withdraw their support or should…

If you can’t find fitters – buy a company (or two) that has

Residential repair and improvements business HomeServe announced on Friday that it has acquired shareholdings in Checkatrade in the UK and Habitissimo in Spain. The FTSE 250 firm said the two separate businesses provide access to high-quality tradespeople performing home repairs and improvements via online platforms. It confirmed it purchased a 40% interest in Checkatrade, and a 70% interest in Habitissimo, with the deals being worth a combined £37m. Speaks to…

Grafton Group results, there is definitely money to be made!

If you were in any doubt evidence here is that there is definitely money to be made in building products Grafton Group the international builders merchanting and DIY group (Plumbase, Buildbase, Selco etc) have posted increased group revenue of £2.51 billion an increase of over 13% on 2015 and 10.4% in constant currency. New branches, exposure to multiple markets and acquisitions proving again that it’s those who are proactive that…

“The Press also should be a prompt and vigilant alarm bell” But … an opinion

It’s probably fair to say that 1941 was a testing year for the UK and in a speech to the house in July Churchill addressed the issue of how (specifically production) news was put about. Quite a few echos in 2016 so without apology perhaps we should bend an ear ?   SUPPLY. (Hansard, 29 July 1941) We are often told that “the House of Commons thinks this” or “feels…

Safestyle UK -What to do with £23.6m in cash ??

Safestyle have posted another set of impressive results for the period to the end of June 2016, Revenue up 12.8% GP up 11.9%. Volume of frame increased by 5.7% and leads up by 26%. So if you hold some shares the divi is up but interestingly their view is that the underlying market is down by 2.2% in this same period. Now sat on £23.6m of cash at the end of…

At Last True ERP Software Specifically Designed For The Window Industry

A few days ago we visited Franciaflex a MAC Group business based in Rennes in France. MAC are a significant customer of 360 Innovations the Canadian Software supplier that some of you may have seen at Fit Show this year and who we helped bring to the UK. 360 has more than a thousand users in North America and Europe, and is the world leader with its software solutions for a variety of…