Window and door firm, Safestyle UK, has made close to 700 of its workers redundant after it fell into administration, the BBC reports.
A public notice from administrators Interpath Advisory on Friday (27 October 2023) stated Safestyle UK had suspended share trading after failing to find a buyer.
The Bradford-based business has a manufacturing site in Wombwell and 42 branches and depots across the country.
It had faced challenges including “high cost inflation” and “fragile consumer confidence”, administrators said.
The unseasonably warm weather in September also dented demand for its products, the statement added.
Interpath Advisory said about 70 of the firm’s 750 employees would be kept on in the short term to help wind down the business.
Rick Harrison, Interpath managing director, said: “After seeing strong sales during the Covid lockdown periods, many companies are seeing trading being impacted by the cost of living crisis and soaring costs.
“Unfortunately for Safestyle, and despite the tireless efforts of the management team over recent months, these challenges have proven too difficult to overcome.”
Mr Harrison added: “This will be particularly devastating for the company’s employees as well as the many self-employed contractors who worked on behalf of the company.”
Administrators said customer orders that have not been delivered will not now be fulfilled and even if the company was part-way through an installation, customers will need to find an alternative installer.
The GMB union held a protest outside the company’s manufacturing site in Wombwell, near Barnsley, with workers’ signs reading “where’s the money gone?” and “save our jobs”.
Stephanie Peacock, Labour MP for Barnsley East, said: “Workers have literally been told in the car park, in the pouring rain, that they’ve lost their jobs.
“It’s absolutely appalling behaviour that anyone can be treated in this way.”
She continued: “I understand workers received a text message on Friday, were told to down tools and that they could come back today to find out.
“I think there are huge questions to be answered by Safestyle, I’ve written to them this morning to demand answers.”
Source: bbc.co.uk