H.P.A.S. Limited (02777148): administration
- Status
- Administration ended
- Administration began
- 2023-10-30
- Administrators
- William James Wright, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Incorporated
- 1992-12-22
- Location
- Manchester
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- COVID-19
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cyber attack / IT failure
- Weather / natural events
From the administrators' statement
Following incorporation, HPAS began trading using the Safestyle name in 1993, initially providing mortgages for right-to-buy council tenants. Shortly after, the Company began to focus on double glazed replacement PVCu windows and doors. Safestyle UK plc, the Group’s holding company, underwent an IPO in 2013 and was subsequently AIM-listed.
Prior to the appointment of the Joint Administrators, the Group was one of the leading UK-focused retailers and manufacturers of PVCu replacement windows and doors for the homeowner market.
Headquartered in Bradford, the Group operated from a manufacturing facility in Barnsley, and a network of 14 leasehold installation depots and 28 leasehold sales branches across the UK. Prior to the administration, the Group employed 740 staff and used an extensive network of over 1,200 self-employed workers.
Administrators' statement of proposals (2023-12-11) · Companies House register