Member Info for Sanstef

Https://www.safestyle-windows.co.uk/

Up and running again!

Happening January, not sure how It affects the suspension of shares, the brand Safestyle returning though, backed by Anglian.

Dofmeister- Who and when has anybody inferred that Safestyle are insolvent?

That’s why I’m on here, I know diddly squat😂

404 - point is nothing to do with Safestyle internal policy or mins & maximums, eg You go and buy a car for 10k, you inform the dealer your paying 5k deposit, the dealer says unfortunately you can’t, you have to pay the full 10k the day you pick the car up. People could wonder, and this is me just speculating, has a third party said don’t take deposits, that will go in your bank account, not ours, or is it a section 75 issue someway down the road or are they simply reducing their current liabilities to appear healthier?

No bearhunter, I suppose their are a numerous reasons why the company are taking £200 max on cash orders, hope someone on this board could shed some light?

The Safestyle intranet has instructed all the sales reps to take a MAXIMUM of £200 deposit on all orders, including cash from tomorrow, anyone can read want they want into that.

I agree with you.

Who and what are you referring to?

Maybe the shareholders 404x is referring to, is different to what you think, I don’t think “close periods” have anything to do with anything, frankly IMO

😂, Not buying, good point though.

Sorry Ghosthunter28, source just informed me of £850,000 net yesterday, but due diligence taking place at HO, however the source and scope remains a mystery, could be the credit facility deciding on whether to grant the waiver!

Are you saying in good faith, a) It has an investor which is the cash injection and has the expertise/ knowledge to know how to restructure a DG business or b) Safestyle is being bought out by somebody who thinks their should be a restructure, or are you unsure too?

Respectfully!

If everyone who posted on here didn’t have “thick skulls”, we would all be millionaires 😊, I offer subjective views only, please be respectful.

Yvelkan, the reason he won’t buy it without administration, is because the very people who have unsuccessfully ran it, will safeguard their own positions, the administrators however, have to look after the best interests of the business, so if it is a sale to Mitu Misra, one would think it would come in the form of a pre pack, so he is free to do what he wants, and who knows there maybe genuine investors looking in?

Thecodger, positive outcome I agree, but what scenario, the research suggests unless this management goes along with their big salaries, nice cars, and “extra special conditions” the company is doomed, CEO Rob Neal by all accounts is damn good guy, he has an HR department with more employees than the NHS, a new Operations Manager, new Head of Sales, no Sales Trainers ( but they have a sales department), why and how could they attract external investors, for me Mr Mitu and or his brother, failing that definitely administration.

A pre pack would be in place, the administrators would just administer it on behalf of the buyer, just to ensure a fit for purpose handover

Agree