Safestyle UK PLC (AIM:SFE) is in talks to sell all or parts of the business after failing to secure new financing.
The UK retailer and manufacturer of PVCu replacement windows and doors had been in discussions regarding a capital injection or new financing but said these had so far not been fruitful.
Safestyle said it was in “active discussions” with a shortlist of interested parties focused on a sale of some or all of the group's business and assets.
The company is working with these parties towards concluding these discussions as quickly as possible.
However, it cautioned there can be no guarantee that these negotiations will result in the completion of a sale, and, even if a sale does complete, there can also be no certainty on the timings or level of return, if any, to shareholders.