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Luceco has acquired Kingfisher, a UK supplier of exterior lighting products, including road and street LED lighting systems and high mast LED luminaires, as well as a provider of installation and maintenance services. For the year to end March, Kingfisher made a £1.6m operating profit on sales of £11.7m. The price paid is £9.75... ...
Ahead of reporting H1 results later this month, Luceco said that strong trading momentum has continued and H1 revenue and operating profit growth will be c.25% (constant currency revenue growth of c.17%). This growth has been driven by market share gains in the UK (particularly LED lighting) alongside a strong performance in the newe... ...
Up until a few years ago, wiring accessories and portable power were Luceco’s main areas of business. Power sockets, light switches, cables, extension leads and the like, made in China and sold in the UK under a retailer’s private label or under its own brands of British General and Masterplug, comprised all its sales.The problem wit... ...