The order book of collapsed double glazing firm Safestyle UK has been sold to its former rival, Anglian Windows.
Administrators at Interpath Advisory, which is handling the affairs of H.P.A.S Limited – the company trading as Safestyle UK – say customers awaiting installations will now have their orders completed, with priority going to those part-way through installations. Interpath says that while the terms of the deal, which includes certain other assets, are being finalised, it has entered into a sub-contractor arrangement with Anglian Home Improvements Ltd – trading as Anglian Windows – so that work can restart.
Anglian will now make contact with customers in the coming weeks to make arrangements. It follows Bradford-based Safestyle’s closure last month – and the loss of about 680 jobs – after it failed to find a buyer amid financial difficulties brought on by weak demand.
Rick Harrison, joint administrator of H.P.A.S Limited and managing director at Interpath Advisory, said: “We understand the uncertainty felt by customers following Safestyle UK falling into administration last week. We’re therefore pleased to have reached this agreement with Anglian Home Improvements which gives Safestyle UK customers the certainty and peace of mind that their home improvement projects can now be completed by Anglian.”
Peter Mottershead, executive chairman of Anglian Home Improvements, said: “We were keen to support in what we know is a very difficult situation, and so hope that this will go some way towards alleviating the concern and burden on those Safestyle UK customers who have been impacted. Our customer service teams will be making contact with customers in the coming days and weeks to arrange completion of orders, prioritising those who were part-way through the installation process. I can also confirm that Anglian will honour the terms of the contract, including the price, that had previously been agreed with each customer.”
Shares in Safestyle UK were suspended in October, prior to its administration and following widened pre-tax losses of £6.7m in the first half of 2023.
Original artice – https://business-live.co.uk/all-about/yorkshire-humber