Safestyle UK: Nearly 700 jobs lost as firm enters administration
Administrators say September's warm weather was among the factors behind Safestyle UK's demise.
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Administrators say September's warm weather was among the factors behind Safestyle UK's demise.
Interpath Advisory, appointed as administrators for the doors and windows maker, revealed that all but about 70 of the firm's staff had lost their jobs.
Britain's biggest doors and windows maker has been grappling with a slowdown in demand this year as interest rate hikes hit disposable incomes and raise the cost of consumer finance.
Blair Nimmo and Geoff Jacobs from Interpath Advisory have been appointed joint provisional liquidators of Newman Bonar, which acquired Bonar Yarns…
Dundee firm Newman Bonar, which was saved from closure twice earlier this year, has appointed liquidators, with the loss of nearly 60 jobs.