A national double-glazing windows firm with a branch in Swindon has announced its intention to appoint administrators.

Safestyle UK, which is based at Unit 1A of Lancaster House in Edison Business Park, Dorcan, announced its intention to appoint administrators on the company's website.

The company has been fitting windows and doors in Swindon for almost 20 years.

The notice, issued by Safestyle just before 6.30pm on Friday, said: "Safestyle UK plc announces that following its announcement of October 26, 2023, the interested parties that were, at that time, involved in the proposed sale process as defined in that announcement, have withdrawn their respective interests.

Swindon Advertiser: Safestyle's Swindon branch is just one of many to go.Safestyle's Swindon branch is just one of many to go. (Image: Newsquest)

"Therefore, the board of the main trading subsidiary of the group, H.P.A.S. Limited ("HPAS") and other intermediate holding companies in the group, namely Style Group Holdings Limited and Style Group UK Limited, has concluded that they are no longer able to continue trading as a going concern.

"Consequently, the board has filed notice of intention to appoint administrators to HPAS, Style Group Holdings Limited and Style Group UK Limited in Court today."

The statement went on to say: "Unless financial circumstances change, and in accordance with statutory requirements, the board of these three companies intends to appoint administrators within 10 business days.

"Further announcements will be made as and when appropriate."

Earlier on Friday, the Bradford firm also announced it was temporarily suspending the trading of shares on AIM, a sub-market of the London Stock Exchange.

A Safestyle statement said: "At the request of the company, trading on AIM for the under-mentioned securities has been temporarily suspended from 27/10/2023 7:30am, pending clarification of the company's financial position."

An employee of Safestyle UK at its head office in Bradford told our sister title the Telegraph and Argus of the "upset" and "frustration" workers are feeling after receiving a text message outlining the firm's intention to appoint administrators.

The long-time employee, who wished to remain anonymous, shared with the T&A a text message sent to the worker by Rob Neale, CEO of Safestyle UK.

They said: "It's definitely been a tough time. Many employees are annoyed, frustrated and upset with the whole situation, which has happened just before Christmas."

In the text message, Mr Neale said: “I must tell you all to safely down tools with immediate effect and to go home and/or not to attend work.

“This is not what any of us wanted. It is the one we have all worked hard to avoid. I commend you all for your professionalism, resilience, decorum and support for each other over what has been a very difficult period.”