Bankruptcy Figures Out For January

The latest figures from http://www.double-glazing-forum.com/ have shown that another 192 businesses in our industry went bust last month. Personally I don't know what to make of that. 192 is still a significant number, but no different really from the 195 that went in December. So we can't say things got worse in January, nor can we say it got a whole lot better. I don't think we can say that there is some sort of stablisation going on either. I know from what has been written on the website above Kings Conservatory Village in Leeds has recently gone, a huge player in the conservatory roof market may be in danger, plus a big sliding sash company has also suffered pretty badly.

I said in an earlier post that depending on what figures get released for January, that may determine the current health of the double glazing industry. This however is so middle of the road I don't think you can't take much away from those figures. Once we get March's figures we should get a better indication of the health of our industry.

But from what we already know ourselves, the one thing that we are all certain of is that trading conditions remain very tough. I don't think there will be a sustained strong recovery for years, and depending on who wins the next election, that could have an impact of the economic health of the country also. So for now, we have to just keep working hard, constantly review ourselves, scale back where necessary, even if that means losing a showroom or staff, and make sure the business survives, because once prosperity makes a comeback, those of us who are still here will reap big rewards.