Safestyle sales jump as the company grabs market share from main rivals

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SAFESTYLE UK, one of the top three double glazing companies in the UK, reported a 12 per cent leap in revenues in 2013 and said trading in the first few weeks of 2014 has beaten expectations.

The Bradford-based firm, which floated on AIM last month, said annual revenues jumped from £110m to £124m.

The firm increased market share to 7.85 per cent, up from 7.49 per cent, and said order intake in the first three weeks of 2014 has got off to a positive start, exceeding management expectations.

As well as its own growth, the overall market grew by 4.5 per cent – the first year of growth since 2007.

Chief executive Steve Birmingham said profit for the 
year will in line with management’s expectations and the order book at the year end was strong.

Over the year the number of installations increased by 9.4 per cent to 55,112 and manufacturing rose 7.5 per cent to 250,185 frames.

The company will announce its 2013 results on March 31.

Mr Birmingham said: “The company has experienced strong growth in a difficult market, driven by the outstanding quality of our product.

“As economic conditions continue to improve and as we increase our geographical presence into the South of England we feel confident in a bright and successful future as a PLC.”