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23 April 2013

MHA Lighting on track to double turnover with investment

"This is a landmark investment which will enable us to take our business to the next level both in the UK and internationally"

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Managing director of MHA Lighting, Tom Harrison

Greater Manchester-based LED lighting manufacturer MHA Lighting aims to double turnover by the end of the year following a £750,000 investment from The North West Fund for Energy & Environmental, managed by CT Investment Partners, as part of a £1.5million funding round along with venture capital firm Harwell Capital.

The company, which is based in Atherton, is an award-winning manufacturer of LED lighting solutions that provide unrivalled energy-savings for both internal and external lighting applications to the commercial and industrial sectors.

MHA recorded turnover of £1.5million in 2012 and is on target to reach £3million by the end of this year.

Managing director Tom Harrison, who is an expert in high-reliability and high-end electronics, founded the company in 2009. The business, which currently employs 34 staff, has a strong manufacturing base in the UK and supplies to a number of blue-chip organisations in the public and private sectors. Examples of recent projects include:

  • The installation of 2140 LB Lite LED lights fitted in the multi-storey car parks at Manchester Airport, which have helped to reduce its carbon footprint by achieving 57% energy savings, which is playing a major part in Manchester Airport Group's plan to be the first airport group to have carbon neutral ground operations by 2015.
  • The installation of new light fittings at one of Wigan's busiest car parks, which now uses 45% less energy and saves Wigan Council more than 50% on energy bills; and
  • The design and installation of a bespoke precision lighting solution at the Skelmersdale site of fire protection manufacturer Scott Safety, reducing energy bills by 81% and eliminating maintenance costs for up to 25 years.

MHA will use the investment to expand the business even further and is looking to export its products to overseas territories including Scandinavia, France, Germany, the Middle East and Australasia.

The firm is also creating a number of sales, technical and production roles to support its expansion.

Tom Harrison said: "This is a landmark investment which will enable us to take our business to the next level both in the UK and internationally. We will use the funds to invest in research and development and expand our manufacturing facilities even further.

"All our lighting is designed, developed and manufactured in the North West. We are completely committed to growing our manufacturing presence in the UK and expanding our customer base of blue-chip organisations."

Adam Workman, partner at CT Investment Partners, which manages The North West Fund for Energy & Environmental, said: "We are really pleased with this latest investment in MHA Lighting. The company has a highly-motivated and skilled workforce that has manufactured a product that can shine light sideways into an encapsulation, providing safe and efficient light output.

"MHA has spotted a significant gap in the market by developing innovative, unique and cost-effective lighting solutions. We expect the business to continue its rapid growth and deliver pioneering solutions to both public and private sector clients." 

For more information about how you may be able to access funding for your energy business please visit http://www.thenorthwestfund.co.uk/funds/energy-environmental




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