More Double Glazing Firms Hit the Skids
Following the news that Anglian Double Glazing have gone into receivership, I have now read of two North Eastern double glazing companies that went into receivership at the beginning of the year. Okay, so not quite hot off the press, but it does convey how the credit crunch is decimating small businesses.
In December of last year, 81 staff lost their jobs when Stockton-based Budget Windows went into administration. Administrators PricewaterhouseCoopers said: “The business has suffered significant losses as a result of difficult trading conditions over the last few months and the credit crisis causing a squeeze on disposable income.”
This was quickly followed by news, in January of this year, that Pennine Windows (Home Improvements) Ltd) had called in the receivers. BDO Stoy Hayward were appointed to handle Pennine’s affairs and immediately made 126 of the company’s 143 staff redundant.
What does this have to do with Double Glazing on the Web? Well, because we don’t have a chain of showrooms (in fact we don’t have any showrooms), and because we don’t have a sales force, DGOTW are not in the position of having to find rents and wages. This is not only good for our business, its brilliant for you too - we don’t have to add a premium to the cost of our windows, doors, and conservatories so you pay the true price.
To read more about those not quite hot off the press redundancies, click here; then click here to see what makes us so different!.
And next time we’ll look at something more cheerful!
Tags: credit crunch, double glazing, News