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Associated Lighting Group in administration

Published: 11 August 2010
Lighting and electrical distributor calls in administrators, axing 58 staff at its subsidiaries Ring Lamp Company and Trident.
The company, which was formed in September last year following the merger of Ring Lamp Co and Trident Ltd, yesterday appointed Hunter Kelly and Charles King of Ernst & Young as joint administrators.

Associated Lighting Group employed 123 people - 94 at Ring Lamp Company and 29 at Trident. Of these, 33 members of staff have been made redundant at Leeds-based Ring and 25 at Trident's Salford site.

Several directors resigned from the boards of Ring Lamp Company and its parent Associated Lighting more than a month ago, including Bruce Davidson, who held his post for almost 20 years.

Mr Davidson tendered his resignation on July 1 - the same day as fellow director David Green, who also held a directorship on both boards, following the merger of his company Trident with Ring in September. Another director, Andrew Rhodes, who joined Ring in September, handed in his resignation on July 9.

Ernst & Young's Mr King commented; "Management has been working hard to integrate both businesses, but surplus stock, pressure from creditors and difficult market conditions earlier in the year have ultimately led to our appointment.

"We intend to continue to trade the business whilst seeking a buyer. The Lighting Factory Shop on Gelderd Road in Leeds remains open for business."

Interested parties should contact Gurpreet Jagpal at Ernst & Young on 07814 029417.

While Companies House and Creditsafe still show Ring Lamp Company and Associated Lighting Group as active, Creditsafe had already cut its lending recommendation to zero, as they are overdue in filing financial results for the year to September 30, 2009.

Ring's sales plummeted from £69m in 2003-04 to £50.5m in 2004-05 and then £31.4m in 2005-06. There was a slight recovery to £32.8m in 2006-07, however sales dropped down again to £27.8m in 2007-08. Despite this, the company remained in net profit until 2007-08, when it went from a net profit of £2.2m to a net loss of £7m.

Calls to its Leeds-based office went unanswered today and the company that hosts Ring Lighting's website told DIY Week it has also been trying to reach the wholesaler to determine the future of the site.

While the domain name still appears to be registered, the site is no longer active and a spokesperson for An Agency Called England, who hosts the website, explained: "I'm not sure what's happening. We're actually trying to get hold of them ourselves to find out what's going on. We had a conversation with them a year ago, asking us to take it [the site] down."

He added: "I think they were taken over by another company but I'm not sure what's going on now."

Comments

Published prior to March 2014
By Dave
I think it's more likely the Customers causing this again - Retailers are squeezing the life out of suppliers with copy's and FOB .
Shame the article cannot get the Surnames right
Directors jumping before the ship went down then!
Published prior to March 2014
By Anonymous
Ask anyone who was employed at Ring and they will tell you the last 12 months have been horrendous...from the start of the merger with Trident there has been a clear lack of direction from the top and this has ultimately led to it's downfall. The rumour has it that Gutfreund bought Ring Lighting otherwise Trident would have gone into administration - well done, you have now succeeded in bringing them both down with you! It was the dedication of the staff who kept the group going for as long as it did and unfortunately they are the ones paying for it now. RIP Ring, it's been great...
Published prior to March 2014
By stan
if ring go under lets hope the LST is saved as they provide a great service for b&q and have put up with no pay rise over the last 5yrs and more work as the team got smaller.as there has been many made redundant over the last few yrs including me.
Published prior to March 2014
By Andy
years and years of making millions of pounds and two years to blow the lot. Seams like someone has been creaming the profits
Published prior to March 2014
By paul
ring lighting have had there chances.
looks like they have used all of there nine lives.
lets hope that the B&Q LST GET SAVED(a part of ring lighting)

Published prior to March 2014
By David Owen
Please note that this is not Ring Automotive who are a profitable and growing independent company selling into the Automotive market
Published prior to March 2014
By dave
they have made many people redundant over the last few yrs.
but still they couldnt get the act together.
last one out turn the lights off
Published prior to March 2014
By James Smith
Ring are an excellent company and if all creditors pulled together and gave this company the time to reorganise themselves financially, then Ring will be back where they belong at the top.
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