Case Study

UK LED Lighting

UK LED Lighting provide Lighting Designers, Architects and Contractors with quality LED solutions, coupled with ingenuity and a professional attitude.

The option to acquire UK LED Lighting was somewhat unplanned, but nevertheless an exciting and appealing proposal. The owners / managers of UK LED wanted to retire and, whilst having built a reputable business and clientele base, they hoped to pass the company onto new ownership under which the company could continue to grow and prosper.

UK LED is a natural fit for Goonvean Group and will become a focal point of our new Cullompton-based Engineering Centre of Excellence. Combined with the development of the Engineering Centre, UK LED’s cutting edge technology represents a great opportunity for the Group. 

With the acquisition of UK LED, we continue to support new Group led building development projects, whilst also helping refurbish the business’s existing properties. These elements, in addition to the already well established commercial relationships, give us confidence that UK LED’s eventual move to Cullompton will be a hugely successful one.

Investment type:
100% share capital

Amount invested:
TBD

Date of investment:
August 2024

Solution

After meeting and discussing the opportunity with the owners, we agreed on a structure for the acquisition and a way forward so that Goonvean Group took 100% share ownership.

Outcome

Through a solid integration plan, combined with critical investment and eventual relocation of the assembly operation to Cullompton, the business has really hit the ground running.

“We consider the acquisition of UK LED as additional resource both in terms of supporting our property division but also to supplement and complement our other engineering-based companies. Through UK LED the Group also steps into the construction markets building on existing relationships.”

James Mullins
Managing Director, UK LED

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