John Agnew, managing director of The Glass and Glazing Federation (GGF), has issued the following statement upon receiving confirmation at 14.00hrs on Monday 30th October, that Safestyle UK PLC has formally entered administration:
“The Glass and Glazing Federation regrets the loss of any company operating in the glass and glazing sector and especially one that occupies such a prominent position within the sector. Safestyle is headquartered in Bradford, with manufacturing operations in Wombwell, West Yorkshire and 42 branches and depots throughout the UK. This is especially bad news for the employees of the company, of whom we believe 680 have lost their jobs immediately, with around 70 retained to assist with the winding down of the company.
Whilst the circumstances that have caused the failure of Safestyle will be specific and unique to that company, many companies operating in this sector are facing difficulties due to a downturn in business caused by economic circumstances that are placing huge pressures upon many of our members across the industry,
“Safestyle was one of the largest members of the GGF, FENSA and also a significant customer of Installsure, the GGF’s provider of Insurance Backed Guarantee policies (IBG). I can confirm that Installsure will handle all claims for which there is an IBG policy in place. Installsure will act quickly to assess and respond to these claims.
Whilst the GGF cannot enter into any discussions about specific aspects of the business of Safestyle UK, we will, where possible, provide what assistance we can to individuals affected by its demise.”