Lumenata Lighting Design is a lighting design consultancy with offices in the North West of England and South Wales. For over 11 years, the company has been designing lighting schemes for a variety of residential, commercial, industrial and public sector projects throughout the UK and also in mainland Europe.
Lumenata’s plans include growth of their lighting consultancy UK customer base specifically, expanding across Wales, London and the South East; they have some overseas customers and their growth plans encompass continual development of their export market over the next 5 years.
Increase in demand from the market for innovative lighting design and products has required the company to seek external funding to enable it to invest in additional skills and resources to support the latest technology and designs.
Lumenata required an investment of £400,000 to support their growth plans over the next three years.
Fresh Business Services (FBS) have worked with the senior managers of Lumenata Lighting to identify their funding needs and financial options. It was agreed that the best vehicle for the business was Tier 1 Foreign Investment funding.
FBS worked with the Managing Director to help the company apply for Tier 1 investment, including all documentation to support their application, a three-year business plan and marketing the company to potential foreign investors.
We also arranged communications direct with investors and managed two site visits by investors on their visits to the UK.
Fresh Business Services have managed this project from start to finish, supporting the Managing Director and helping Lumenata Lighting successfully through the entire Tier 1 process.
An investment of £400,000 from two Chinese investors in 2018. The first in September and an agreement from the second investor to invest £200,000 before the end of 2018.
Tier 1 funding proved to be the best option to fund our business. Especially so when each of our two investors have brought skills to help the business, in areas of technical expertise and marketing skills.
They will help us develop our trading links with organisations in China.
Fresh Business Services were of enormous help to ensuring the application process worked for us. Their skills and knowledge of the Tier 1 process was exceptional. Managing Director – Lumenata Lighting