LATEST NEWS FROM LSUK
12th March 2015
Regional Growth Fund Exhibition
We are proud to be showcasing one of our core products – the ‘Stellar Induction Lamp’ as part of this months Regional Growth Fund exhibition, alongside other UK businesses, which include Airbus, Sigmatex, Ebac and Kromek, who have also seen a positive impact on business as a direct result of the funding programme.
The exhibition will take place from 6th March to 10th April 2015, in the Spotlight Gallery at the Department of Business, Innovation and Skills, near Westminster, London and is expected to see up to 6000 visitors through it’s doors.
Since receiving a £1.2m RGF grant, facilitated by Finance Birmingham, we have been able to double our workforce in order to meet growing demand from a our blue chip client base.
The RGF supports eligible projects and programmes that are raising private sector investment to create economic growth and last employment.
Since it’s launch in 2010, RGF has invested £2.85bn to help local business grow and take on more staff across England.
29th September 2014
We are pleased to have received a funding boost from Finance Birmingham to help with our expansion plans:
Above: Marcus Hook - Finance Birmingham, Angela Spires, Ivan Shaw and Ian Thomas - LSUK
Finance Birmingham assures bright future for Lightsense UK Ltd
• Bromsgrove-based lighting company secures £1.2million to support growth plans
• Finance Birmingham completes deal in just 34 days to help firm to fulfil increased customer demand
One of the country’s leading commercial lighting specialists, Lightsense UK Ltd (LSUK), has received a £1.2million boost from Finance Birmingham, a national provider of funding for growing businesses, to achieve ambitious expansion plans.
The investment will help the Bromsgrove-based firm to double staffing numbers from 12 to 24 and also facilitate large orders to be placed to help meet current demand from a number of blue-chip customers.
Founded in 2012, LSUK is at the forefront of the design, development and manufacture processes of LED and induction lighting systems, which are increasingly favoured by environmentally conscious business sectors throughout the UK thanks to their long life span, light output and cost efficiency. Since its inception, the company has built a large portfolio of high-ranking business accounts across the UK and also manages its own overseas manufacturing operations trading through either its LSUK (corporate) or Heritage Lighting brands Ian Thomas, Managing Director of LSUK, said:
“In the space of two years, we have gone from a start-up business to a major player in the commercial lighting industry, creating effective solutions for our clients in a financially-pressured, environmentally-conscious market place. These are exciting times for LSUK. Finance Birmingham’s investment ensures that we are able to further develop the range of our products to a growing number of large corporate customers, while looking to double Bromsgrove workforce to deal with an increased demand.”
LSUK are one of the first companies to take advantage of Finance Birmingham’s £56 Mezzanine Fund, the largest individual growth capital fund for SMEs in the West Midlands. The fund is expected to create or safeguard more than 5,000 jobs by helping more than 40 West Midlands businesses. The lighting firm will also benefit from an investment from Finance Birmingham’s £9m debt and equity fund.
Marcus Hook, Investment Manager of Finance Birmingham, said:
“The LED lighting market has experienced considerable growth over the past few years, showing little sign of slowing down. LSUK has impressively capitalised on recent advances in this sector – our funding will help the firm to fulfil customer demand and continue to grow an impressive customer list, both in this country and overseas. The deal to provide investment to LSUK was completed in just over a month – a very fast turnaround. We recognise that time is key for businesses experiencing growth and, by moving quickly, we are allowing the company’s management team to focus on their business operations and achieve exciting future plans.”
LSUK were offered advisory services by Odyssey Corporate Finance and Jo Bligh, Director of Thinking Legal LLP.
Finance Birmingham was given legal guidance by Freeths LLP Solicitors.
31st January 2015
ARH Group Partnership
Having won several major contracts with national brands in multiple sectors, we are proud to announce the start of a great working partnership with leading Facilities Management & Building Services Company - ARH Group.
A major bakery brand is rolling out LED upgrades throughout all their bakeries and storage facilities and we are working closely with ARH Group to provide installation and project management services. ARH Group’s experience in the process industry combined with our expertise and broad product range of LED and Induction lighting products, places us in ideal position to offer our end client a turnkey solution.