Plimsoll’s analysis aims to show how the largest 1,810 window and door companies are performing in 2023. Its latest report suggests that 23% of companies are ‘in real danger’, and that 272 are vulnerable to being taken over or failing in next year.
A total of 825 of our industry’s companies have reported declining sales in the last year, we have been told, which makes up nearly 50% of all the window and door businesses analysed by Plimsoll’s team.
Despite this, Everglade Windows has been rated as ‘strong’, suggesting that the fabricator and its customers are in a good position to succeed through this period of economic uncertainty.
“The Plimsoll analysis is a great report on the state of our industry and we’re delighted to be recognised as a ‘strong’ business once again,” said Jay Patel, director at Everglade Windows. “Given the current state of our industry, where we’ve seen several major companies feel the effects of today’s economic climate, it’s even more impressive to be rated so highly by Plimsoll.
“A lot of this comes down to our values and business model at Everglade Windows. These have been the foundation of our success, and why we have been continuously trading since 1980.
“From day one, we’ve been focused on building a sustainable long-term business by reinvesting large amounts into innovation and not resting on our laurels when we’ve been successful.
“On top of this, we’re devoted to being strong partners for our customers, offering business advice and exceptional levels of support to ensure that they are also in the best position to succeed.
“This year has been the perfect example of our continuous progression, as we launched eight new products at our customer conference, to help our customers evolve their businesses so that they are best placed to thrive in the years to come.”