BUSINESS
STRATEGIC ONWARD SALE
MAKES ‘COMMERCIAL SENSE’
» FOLLOWING ON FROM THE
acquisition of essential assets from the
administrators of Aperture Trading Ltd,
which includes the Evolve, Legend and
WarmCore brands, profine Group have
sold the finished window and door
manufacturing facilities to Solar Norvik
Ltd & Solar Calibre Doors Ltd for an
undisclosed sum.
Solar Norvik Ltd and Solar Calibre Ltd are
newly formed companies by the same owner /
management team behind the well-established
Solar Windows Ltd and Interframe (SW) Ltd
businesses, which are highly regarded and
successful in the commercial and trade sectors
respectively.
Given the fact that profine Group are a
large, global systems house, the manufacturing
facilities that were bought as part of the
deal have been deemed non-core and so the
challenge during the lockdown period was
to find a suitable partner to take on these
important manufacturing units. There’s now a
‘I do believe that
we have the perfect
partner in place to
take these businesses
and brands forward’
partnership deal for growth in place between
profine and the new Solar businesses, and
importantly, Solar Norvik Ltd and Solar
Calibre Doors Ltd will continue to operate at
the Huthwaite site.
Gareth Jones, managing director of profine
UK commented: “It made commercial sense to
buy all of the remaining assets from KPMG,
the administrators of Aperture Trading, but
given our group mantra of excelling in our
core competences, we’ve found a reputable
partner for the manufacturing facilities. I have
known Carl Lewis for nearly 20 years, and I
do believe that we have the perfect partner
in place to take these businesses and brands
forward.”
Carl Lewis, managing director of Solar
Norvik Ltd and Solar Calibre Doors Ltd
concluded: “Both the Norvik and Calibre
Doors assets will fit perfectly into our current
business model and we’re genuinely thrilled
with the deal and partnership programme that
we have in place with profine. It’s also good
news for both businesses, the local labour
market, for the supply chain and ultimately
the customers of both brands.”
www.profine-uk.com
» THE POLICE DIGITAL SECURITY
Centre (PDSC) is proud to support and
participate in a new industry-led Working
Group to develop a national cyber insurance
standard for Small and Medium-sized
Enterprises (SMEs).
With almost half of all businesses having
suffered at least one cyber-attack or breach in
the past year, cyber insurance is becoming an
increasingly important consideration. However,
with the cyber insurance industry expected to
grow rapidly over the next few years, finding
a policy that provides the appropriate level of
coverage for SMEs can be challenging.
To overcome this issue, PDSC approached
London Market Forums (LMForums) to help
define a new national ‘cyber security standard’.
The new standard, which will be developed by
The ‘Cyber Security
Standard’ against
catastrophic attacks
the Working Group, will allow SMEs to make
a more informed decision when choosing
cover. The Working Group comprises some
of the most well-known cyber insurers in the
country and is sponsored by Cyber Risk Aware
and CyGlass.
Simon Newman, Head of Cyber and
Business Services at Police Crime Prevention
Initiatives (PCPI) said: “SMEs are becoming
increasingly aware of the importance of cyber
insurance as the impact of a breach or an attack
can be catastrophic, yet it can often be difficult
for SMEs to work out the appropriate level of
coverage they need to protect their business.
This Working Group is a fantastic example of
the industry coming together to help SMEs
reduce their vulnerability to cyber-crime and
we’re delighted to be working with LM Forums
and insurers in making the UK one of the safest
places to do business online.”
Roger Oldham, Founder of LMForums
said: “This is such an interesting and topical
matter for our Members. Cyber Insurance
is a significant component in the resilience
toolkit, often providing businesses with far
more than simply a risk transfer mechanism,
but a complete support package, both pre and
post breach. Our insurance market knowledge
sharing and networking hub brings thousands
of insurance professionals together annually,
to learn, network and collaborate. This
Cyber Insurance Working Group will bring
great benefit to businesses across the United
Kingdom.”
www.policedsc.com
74 » JUL 2020 » CLEARVIEW-UK.COM