Inactive Instrument

Safestyle UK plc

Equities

SFE

JE00BGP63272

Construction Supplies & Fixtures

Safestyle UK now a "cash shell", expects liquidation soon

November 03, 2023 at 05:44 am EDT

Safestyle UK PLC - Bradford, England-based retailer and manufacturer of PVCu replacement windows and doors - Becomes AIM Rule 15 cash shell, having ceased to control and/or conduct substantially all business assets and activities upon appointment of administrators to subsidiaries HPAS Ltd, Style Group Holdings Ltd, and Style Group UK Ltd on Monday. Says directors will most likely be required to place company into liquidation in due course. Company is required to make an acquisition or acquisitions via reverse takeover, or seek to become an investment company, within six months from October 30 to lift share suspension. Safestyle is not currently pursuing such transactions. Expects admission to trading of its shares on AIM to therefore be cancelled once liquidators have been appointed.

Current stock price: 0.32 pence

12-month change: down 99%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BIST 30	10,732 PTS	+2.39%	+4.30%	-
	SU GROUP HOLDINGS LIMITED	2.12 USD	-1.85%	+8.72%	28.09M

Latest news about Safestyle UK plc

Safestyle UK plc Announces Board Resignations	Jan. 10	CI
Safestyle UK calls January 10 meeting to approve winding up	Dec. 18	AN
FTSE 100 Closes Friday Lower, Weighed Down by Falling Oil Prices	Nov. 03	DJ
Safestyle UK now a "cash shell", expects liquidation soon	Nov. 03	AN
Safestyle UK Expects to Enter Liquidation	Nov. 03	MT
Digital 9 dismisses call for strategic review	23-10-30	AN
Administrators to Keep 70 of 750 Jobs Amid Collapse of UK's Safestyle	23-10-30	MT
Bezant optimistic after Hope & Gorob estimate	23-10-30	AN
The FTSE 100 Closed Down 0.9% on Earnings Disappointment, Geopolitical Tensions	23-10-27	DJ
Safestyle UK Requests LSE Trading Halt Amid Unfruitful Sale Negotiations	23-10-27	MT
Safestyle stock suspended, says return of shareholder value "unlikely"	23-10-27	AN
FTSE 100 Closed Down 0.8% dragged by Standard Chartered	23-10-26	DJ
Stocks firmly in red on ECB's Lagarde comments	23-10-26	AN
Safestyle UK shares plummet amid financing woes	23-10-26	AN
Stocks down ahead of US data and ECB decision	23-10-26	AN
AIM WINNERS & LOSERS: Argentex plummets on CEO's sudden departure	23-10-26	AN
StanChart falls on China hit; WPP cuts outlook	23-10-26	AN
Safestyle UK Reports Progress in Financial Recovery Plan	23-10-11	MT
Safestyle attracts interest as considers restructuring options	23-10-10	AN
Safestyle UK explores alternatives including sale	23-10-10	RE
Safestyle UK Continues Talks to Secure Working Capital; Shares Plunge	23-10-03	MT
AIM WINNERS & LOSERS: Safestyle plunges as seeks cash injection	23-10-03	AN
Safestyle UK shares drop following funding update	23-10-03	AN
FTSE 100 Closes Down 0.46% Weighed by Real Estate	23-09-27	DJ
EARNINGS: Safestyle suffers amid "difficult" trading conditions	23-09-27	AN

Chart Safestyle UK plc

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Company Profile

Safestyle UK plc is a United Kingdom-based company that is primarily engaged in the sale, manufacture and installation of replacement un-plasticized polyvinyl chloride (PVCu) windows and doors for the United Kingdom homeowner market. The Company operates through the sale, design, manufacture, installation and maintenance of domestic, double-glazed replacement windows and doors segment. The Company offers over 20 composite doors, approximately 16 color finishes, over three window types, over three garden doors, approximately seven furniture colors, over PVCu color, approximately 11 PVCu door designs over 10 privacy glass options, and also offers a range of furniture and handle options, including a variety of door knockers to choose from, letter plates, spy holes, safety chains, numbers and others. The Company has over 29 sales branches and approximately 14 installation depots across the United Kingdom. The Company's wholly owned subsidiary is Style Group Holdings Limited.

Sector

Construction Supplies & Fixtures

Calendar

2024-09-18 - Q2 2024 Earnings Release (Projected)

More about the company

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