Style Group, one of the UK’s largest independents in PVC-U windows and doors has reported group trading profits of £5.7m for 2003 – more than double the £2.7m reported for the previous financial year. During the same period retail sales of the Group reached record levels, exceeding £100m for the first time compared to £80.8m in 2002.

Launched in 1992 the Group now incorporates three divisions – manufacture, trade supply and retail markets – with 38 offices controlled from its HQ in Bradford.

John Ross, Style Group’s Chief Executive, reviewing the company’s 2003 performance stated: ‘Once again the Group has taken considerable steps forward to affirm its position as one of the UK’s top replacement window companies.’

Safestyle UK, the Group’s retail specialist, achieved £92m, up from £73.5m and as a result doubled its profit performance to £2.3m against £1.0m the year before. Windowstyle UK, the manufacturing arm employing over 500 people, has increased volumes for both Safestyle and Tradestyle.

The average production of completed frames increased in 2003 by over 20% from the previous year.

The Board intends to invest over £2.5m over the next 12 months in the Windowstyle facility at Barnsley, mainly from its own resources, and will install a glass toughening plant, which should further assist cost reductions on manufacturing.

Source

Glass Age