We are a little sensitive to cake analogies in the aftermath of the Patisserie Holdings fraud, but Mr Mitu Misra, former owner of Safestyle, the manufacturer of PVCu replacement windows and doors, has demonstrated an uncanny knack of having his cake and eating it. Sadly, this is at the expense of those who backed Safestyle UK since IPO!
Having pocketed a cool £64m on the IPO of Safetstyle in December 2013, when he sold out entirely, Mr Misra reappeared in August 2017 as the architect of a copycat business, NIAMAC Developments Ltd, trading as SafeGlaze UK.
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