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| Anglian Windows To Move Out of Horsford Manor Headquarters Anglian Windows has been struggling in the face of a slump in consumer demand and a slowdown in the housing market and has announced that it will be moving out of its Horsford Manor headquarters as part of a restructuring plan designed to make the business more competitive. Anglian's parent company, Naiglan Holdings, reported an operating loss of £485, 000 for the year to the end of April 2, 2005, compared with a profit of £19.4m a year earlier. When interest charges were added in, Naiglan reported a pre-tax loss of £12.5m compared with a profit of £3m the year before. Turnover also fell, down to £277m from £311m in the previous period, as fragile consumer confidence hit sales of conservatories and windows. As part of the restructuring plan Anglian has decided to close down its loss-making kitchens business. The division, called Living Design, was based in Scotland and sold kitchens through a network of agents. Anglian has also shut its manufacturing plant in Port Talbot in South Wales, which manufactured windows for the commercial market. Production was moved to the company's Rochdale site. In Norwich, Anglian is moving its senior management team out of Horsford Manor to the company's main factory site in Anson Road. Horsford Manor itself is being put up for sale, but the company's social club and sports facilities will be unaffected and are not part of the sale. write your comments about the article :: © 2005 Construction News :: home page |