AMBIENT LIGHTING

At Ambient Lighting, we are passionate about creating energy-efficient solutions that are both sustainable and durable. Our diverse range of products includes street lighting, outdoor lighting, and specification lighting, all designed with a commitment to reducing energy consumption without compromising on quality. Our in-house photometric testing facilities allow us to prototype and refine our offerings, ensuring that every product meets the highest standards.

Our exclusive UK agreement for the German-engineered LED Powermoon has been a game changer. This safer, glare-free, IP68-rated lighting solution is now approved for use on major projects with Network Rail, HS2, Balfour Beatty, Amey, Highways, and tunnel developments. Unlike any other product in the UK, Powermoon offers a revolutionary alternative to traditional lighting towers. It’s portable, operates in extreme temperatures, and is heading towards full sustainability, with battery-powered and emergency mode options.

Powermoon’s unique specifications and versatility have earned it significant traction in the industry. Key sales and leasing companies such as Speedy Services and GAP Hire have added it to their fleets, and we are actively negotiating with offshore industries to expand its applications. Its inclusion on high-profile projects highlights its growing recognition and demand. With plans to sell 200 units per month by the end of 2025, we are targeting a £13 million turnover by 2027 from Powermoon sales alone. This growth trajectory underscores its potential as a market leader in sustainable lighting solutions.

In addition to Powermoon, Ambient Lighting is proud to supply LED street lighting and IoT software as part of a £100 million, four-year framework with the Yorkshire Purchasing Organisation. This recognition highlights our position as a trusted leader in the lighting industry. Furthermore, we continue to serve diverse markets, including student accommodation, ensuring our growth strategy remains robust and far-reaching. We’re seeking funding to support substantial growth, expand our stock, and meet the increasing demand for our revolutionary lighting solutions. With Powermoon’s unique, innovative design and unmatched capabilities, we are setting new standards in sustainable, efficient, and durable lighting.

Credit Commentary:
Incorporated in 2016, Ambient Lighting supplies domestic, business, and commercial LED lighting. The company has exclusive distribution for the UK with this German-engineered product. Moreover, it has secured multiple contracts to provide the product to HS2, Highways, multiple Builders and Developers, and Network Rail. Ambient Lighting is an existing client with C2F with a fair track record. The major shareholder and director, Joseph Mcloughlin, is providing a personal guarantee, which means should the business fail and there are insufficient assets within the company to repay the loan, we can look back to the guarantor to repay any shortfalls. The director has a modest credit profile and is a homeowner (with substantial equity cover) and the company holds an Equifax report of B. There have been no CCJs for the business or the director. However, it is important to note that the client has a couple of charges, as seen on Companies House, for which the company has adequate insurance within the business. Looking at the financials, the company posted a turnover of £1.2m (FY 2023: £934K) and an Operating Profit of £444K (FY 2023: £418K) for FY 2024. The EBITDA of £444K is sufficient to cover the proposed loan facility. Plus the future revenue for this business is strong and operates at an attractive margin of 40% for their product. The company recorded a Tangible Net Worth of £552K, along with comfortable debt service coverage and a low gearing on its balance sheet. Finally, the bank statements demonstrate good affordability and the accounts remain well in credit. The company will use loan proceeds to support procurement and distribution and hire additional staff to execute multiple new contracts.

Inflation Risk:
As per the business, they have worked around ways to mitigate the impact of inflation by negotiating the product prices with both manufacturing and delivery in advance.