NORDEON Lighting, Taison Lighting and Dernier & Hamlyn have all filed for administration in a trio of announcements that underscores the challenges facing the lighting industry in 2020.
Nordeon Lighting, part of the Nordeon Group, entered self-administration this week.
No trading figures are available for Nordeon Lighting, but the group itself made a loss of €11.5 million in 2018, the latest year for which public figures are available.
It’s understood that Nordeon Lighting was responsible for the majority of the losses, which are believed to have continued throughout 2019.
Nordeon Lighting specialises in linear lighting systems, high bays, recessed modulars and waterproof luminaires.
The company described the application for administration as ‘not an easy step for us.
‘It seems imperative to fully meet the market requirements of the professional lighting market and, in particular, our responsibility towards [customers] and our employees.
‘The process has no significant restrictions on our business operations and production continues. Customer orders will continue to be processed with great care and high quality delivered accordingly.
‘The self-administration process gives us the opportunity to drive the restructuring of the company forward with our experienced team without interrupting the operational process of production and sales.
‘We are confident that we will emerge stronger from the process.’
The Nordeon Group – owned by Dutch private equity company Varova – includes Germany’s Hess, Wila, Schmitz and Vulkan, France’s Nordeon, Italy’s Griven and Spain’s Lamp Lighting.
It’s understood that the group is highly inter-related, with brands supplying other group members with product.
Nordeon started activity in 2012 after two factories were purchased from Philips Lighting, one in Springe, Germany, dedicated to the manufacture of luminaires, and another in Chalon, France, which produced lamps.
A year later, the company acquired the German manufacturers Vulkan and Hess, the latter with a factory in Villingen, Germany.
Taison Lighting Limited, which changed its name to Corpsol 101 Limited on 28 February, went into administration on 25 March.
In January, the Bradford-based company – which supplies a full range of both exterior and interior luminaires – announced that ‘its boldest restructuring plan ever’.
It created a parent company and established four separate divisions. However, in early March the company began invoice financing.
Croydon-based Dernier & Hamlyn Limited is a bespoke lighting company and a well-known brand in the industry.
It has supplied its custom chandeliers and other signature fittings to Buckingham Palace, a flotilla of superyachts as well as a range of top hotels and restaurants including The Ivy in London. Administrators were appointed on 22 April.