Value Lights
| Founded | 2010 |
|---|---|
| Founder | David Gutfreund |
| Registration no. | 11536663 |
| Location |
|
| Coordinates | 53°29′10.068″N 2°21′2.592″W / 53.48613000°N 2.35072000°WCoordinates: 53°29′10.068″N 2°21′2.592″W / 53.48613000°N 2.35072000°W Fatal error: The format of the coordinate could not be determined. Parsing failed. |
Area served | United Kingdom and Northern Ireland |
| Product | Home Lighting and Business Lighting |
Employees | 50 (2019) (missing citation) |
| Website | valuelights |
Value Lights is a British online lighting retailer, one of the largest of its kind in the UK, targeting the home and business lighting markets. In 2015 it was reported to be one of the fastest growing companies in the UK.[1] The business was founded in 2010. Value Lights is part of LSE Retail Group, a hugely successful online lighting retailer, which operates out of Manchester.[2] It supplies a variety of electrical lamps and lights to retailers and wholesalers. Other brands exist under LSE including a trade business, MiniSun Trade, and a designer lighting outlet, Iconic Lights. Value Lights is making its products available to the likes of eBay, and Amazon.[3]
History
Value Lights makes more than 85 per cent of its sales through its online shops. Managing director David Gutfreund founded the Salford company in 2010 after spotting a gap in the market for an online lighting retailer that held its own stock.[4]
Value Lights is part of a growing trend in the development of online e-commerce retail in the UK. Like many UK online businesses such as Vitabiotics, Zoom.co.uk, and ASOS during the Covid-19 outbreak in 2020, it continues to trade. The company has never operated on the high street but participates in a vastly growing online retail market. The most recent UK governmental figures placed the value of UK e-commerce sales at 586 billion British pounds in 2017.[5] Value Lights is one of hundreds of British companies driving this online growth.
In 2016 LSE Retail group opened an office in Shenzhen Province, close to Hong Kong, in a new strategy to drive global growth.[6]
LSE was named the fastest-growing medium-sized business by the 2016 Ward Hadaway Greater Manchester Fastest 50 Companies list and was ranked number one on the Investec Mid-Market 100 league table in 2015.[7]
It is now located in Eccles in Manchester in an 80,000 square foot distribution centre.[8]
Business operations
In its first few years LSE grew 100 per cent annually which compelled it to move to a new site in Manchester in 2016. It continues to develop thousands of lighting products every year.[9]
The business has seen a 50 per cent year-on-year growth rate, with each financial year performing at a record level since 2016.[10]
As an online retailer, Value Lights utilise social media as an integral part of a marketing strategy. As of November 2019, Value Lights had 34K Instagram followers, and 22K likes on Facebook.[11]
LSE Retail Group was shortlisted for the Entrepreneur Award and Business of the Year in 2014.[12]
In 2016, the company took part in a campaign to raise awareness of how LED sensory mood lighting can have a positive, calming effect on children with autism.[13]
Rebecca Long-Bailey candidate for the 2020 Labour Party leadership election visited Value Lights' warehouse in May 2018 to meet with managing director David Gutfreund and members of staff, as part of a campaign to support local Manchester business, following LSE Retail Group making it into the London Stock Exchange's List of Top 1000 companies in 2018.[14][15]
Value Lights’s sister brand Iconic Lights[16], also owned by LSE Retail appeared in a Vogue publication in November 2019. The article described LSE's Iconiclights as 'specialising in cutting edge lighting with high quality reproductions of classic, and designer products'.[17]
During the coronavirus epidemic in April 2020, LSE Retail Group, the parent company of Value Lights, donated 2,300 personal protective equipment masks to Salford City Council to help support local communities.[18] LSE also donated £10,000 to Salford CVS’s Covid 19 Emergency Fund, a voluntary organisation set up in Salford and Eccles to support local people with particular emphasis on areas such as food banks and domestic violence.[19]
References
- ↑ "realbusiness.co.uk". Retrieved 19 November 2019.
- ↑ "gekko.co.uk". Retrieved 19 November 2019.
- ↑ "realbusiness.co.uk". Retrieved 19 November 2019.
- ↑ "fasttrack.co.uk". Retrieved 19 November 2019.
- ↑ "statista.co.uk". Retrieved 19 November 2019.
- ↑ "issuu.com". Retrieved 20 November 2019.
- ↑ "manchestereveningnews.co.uk". Retrieved 20 November 2019.
- ↑ "thebusinessdesk.com". Retrieved 20 November 2019.
- ↑ @ST_FastTrack (6 December 2015). "LSE Retail Group, No 24 in today's @ST_Business @Virgin #FastTrack100, develops 1,000 lighting products a year bit.ly/1IAwXXM" (Tweet). Retrieved 20 November 2019 – via Twitter.
- ↑ "entirelynorthwest.co.uk". Retrieved 20 November 2019.
- ↑ "instagram.co.uk". Retrieved 20 November 2019.
- ↑ "salfordbusinessawards.co.uk". Retrieved 20 November 2019.
- ↑ "autismparentingmagazine.co.uk". Retrieved 20 November 2019.
- ↑ "Rebecca Long Bailey". Retrieved 27 January 2020.
- ↑ @RLong_Bailey (15 May 2018). "Congratulations to three Salford and Eccles companies on making it into @LSEGplc#1000companies report. Including LSE Retail Group who I visited just last week" (Tweet). Retrieved 14 April 2020 – via Twitter.
- ↑ "houseandgarden.co.uk". Retrieved 13 Jan 2021.
- ↑ "vogue.co.uk". Retrieved 20 November 2019.
- ↑ "Salford Mayor Paul Dennett". Retrieved 6 May 2020.
- ↑ "Salford City Council". Retrieved 6 May 2020.
External links
This article "Value Lights" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Value Lights. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
