Lighting firm shines thanks to funding package

A Preston-based business which provides specialist LED lighting for property developments is experiencing rapid growth after securing a number of significant contracts and an innovative trade finance agreement with Creative Capital.

Established in 2006, the business boasts a diverse client base including office developers, public sector organisations, owners of private residential properties and operators of hotel, retail and leisure facilities.

In the North West clients include Blackburn Rovers Football Club, Royal Preston Hospital, Chorley Market and a number of Premier League footballers who have used its services to create impressive lighting features in their homes.

Lumenata Lighting Design’s growth is being supported by a package of short-term trade finance facilities supplied by independent alternative lender Creative Capital. The funding is providing a rapid working capital boost so that the business can purchase and import the stock needed to secure and fulfil large new contracts.

“We’re in a strong position to further capitalise on this as we are one of the few specialist businesses capable of designing and delivering complex and custom lighting installations using the highest quality components.

Keith Bolton, director of trade finance at Creative Capital, said: “We look at each business on its own merits and could see that whilst Paul and the team are in a strong position within a growing market, they need additional financial headroom to take on large opportunities.