The danger of boom and bust window companies
Like any other, the home improvement industry is plagued by a small minority of boom and bust companies. These can put your finances at unnecessary risks. Here’s some more information about these types of companies, what you can do to spot them and how you can protect your home.
Boom and bust window companies: a real danger
In 2014, 819 window installers closed due to their business failing. Despite this, many of these companies are able to simply change their name and continue trading, putting the quality of your installation, as well as your financial security, at risk.
A boom and bust company is one that does just that. The term refers to business which fail, fold and then simply restart again, changing their name and branding so that customers are unaware.
Obviously a company can go bust for a range of reasons. The most common reason for bankruptcy however is financial mismanagement. This raises serious questions about the standard of service a company can offer and brings into question its reputation. A boom and bust window company will have proven that it can’t be trusted to manage its own finances or to keep its business afloat. In the home improvement industry, reputation is everything.
How to spot a boom and bust window company
Many homeowners fall into the trap of choosing a boom and bust window company and suffering the consequences. There are a few simple steps you can take to safeguard your home though: here’s how to avoid boom and bust window companies
Do some background research on the company
In the digital age, doing some initial research on potential companies you want to complete an installation is not only easy, it’s also quick. The internet allows you to access information about a company like never before. As well as checking out websites and news reports to see if a company has anything dodgy in its past, you can also run a quick financial check on some websites, to see if a company’s owners have ever filed for bankruptcy before. All of this can help protect you against unscrupulous window companies.
Read customer reviews and testimonials
Customer reviews and testimonials not only help to give you a first-hand account of the quality of service that a homeowner received from a particular company, they can also let you know about any potential skeletons they may have in their trading wardrobe. Pay close attention to any testimonials that you may come across about your chosen company; they can often give you particular insights into their trading practices.
Accreditations can help to prove the reputation of a window company, and show how they’re regarded in the wider industry. Accreditations are awarded by independent bodies and normally a company is put through a rigorous series of testing and quality control before it is given one. Only the best companies, with a sound financial record will normally be awarded them. This makes accreditations particularly useful when it comes to finding a company that you can have faith in.
Majestic: a Somerset window company you can trust
We have been improving homes across Somerset with our range of windows, doors and conservatories for over a decade now. Despite the longest recession since records began, Majestic are booming. The fact that we have been trading for so long and have a range of testimonials and accreditation proves that we’re a stable window company that you can trust.
Majestic Designs are both a manufacturer and an installer of windows, doors and conservatories, and we own our state of the art factories. We’re also one of the largest employers in the Cheddar region, bringing meaningful employment to an area that needs good jobs. All of this helps to show that Majestic really are a double glazing company that you can trust when it comes to transforming your home.
To find out more about improving your home with our range of exceptional windows, doors and conservatories, give us a call on 01934 741 294 or send us an email.