Acquisition Opportunity
Hilco is seeking offers to acquire the intellectual property and inventory assets of JSNC Limited (“JSNC” or the “Company”), trading as Designed Architectural Lighting (“DAL”), on behalf of the Proposed Liquidators of the Company.
Background
Established in 1983, DAL is a long-standing UK specialist in the design, development, and supply of architectural lighting solutions. With over four decades of industry experience, DAL has developed an established presence within the commercial, retail, hospitality, cultural and public infrastructure sectors, providing lighting products and bespoke solutions to architects, lighting designers, engineers and contractors.
Operating from its London studio, DAL has built an extensive portfolio of architectural lighting products, combining contemporary LED technology with specialist design and engineering expertise. Its product offering spans recessed and surface-mounted LED downlighters, linear lighting systems, spotlights, gallery and museum lighting, emergency lighting and bespoke architectural luminaires.
The Company’s products have been specified and supplied for a substantial range of projects across the UK and internationally. The Company’s published project portfolio includes prominent commercial developments, transport infrastructure, cultural institutions, hospitality venues, and retail environments, with notable examples including The Shard, Tate Modern, the Imperial War Museum, the Elizabeth Line, Deutsche Bank’s London headquarters, NikeTown Oxford Street and Hilton London Wembley.
This acquisition presents an opportunity for an existing lighting manufacturer, distributor or industry participant, the assets offer potential for brand integration or the relaunch of an established name within the architectural lighting market.
Available Assets
The Designed Architectural Lighting (DAL) Brand
Established in 1983, Designed Architectural Lighting has developed a recognised identity within the UK architectural and specification lighting market, building its reputation around technical expertise, product innovation and the delivery of specialist lighting solutions.
Over more than four decades, DAL has supplied lighting products for a diverse range of commercial, institutional and architectural environments, including offices, museums, galleries, hotels, retail developments, transport hubs and heritage buildings.
The brand benefits from an extensive published project portfolio demonstrating its involvement in numerous prominent developments, including projects associated with internationally recognised architects, lighting consultants, property developers and commercial organisations.
For an acquirer, the DAL brand offers an established identity within the architectural lighting sector, supported by a substantial history of product development, a broad technical catalogue and an extensive portfolio of reference projects.
Trade Marks
The Company may hold unregistered rights in the “Designed Architectural Lighting” and “DAL” names and associated logos arising from their longstanding use in the marketplace.
Domain Name & Website Content
The Company’s principal trading website operates through the domain name dal-uk.com, which serves as a central platform for its project portfolio and brand presentation.
The website incorporates extensive product descriptions, technical specifications, downloadable brochures, project photography, case studies, news articles and other promotional content.
Social Media Accounts
The Company has maintained a digital presence in support of the DAL brand and its architectural lighting products.
Customer, Project & Trade Data
Through its longstanding trading activities, DAL has developed relationships across the architectural lighting industry, including architects, lighting consultants, engineers, contractors, distributors and commercial customers.
The Company may hold associated customer, project, supplier and trade contact records, together with historical quotation, specification and project information.
Inventory
The Company holds an inventory of architectural lighting components and related stock items.
Important Notice
The assets described herein are indicative only and remain subject to verification of ownership and availability. Certain intellectual property, designs, technical materials and other assets associated with the business may be owned or controlled by other entities within the wider corporate group or third parties and may therefore fall outside the scope of the proposed sale. Only such right, title and interest (if any) as JSNC Limited holds in the relevant assets will be available for transfer. Interested parties should undertake their own due diligence in this regard.
Sales Process
Offers are due Friday 13 November, 2pm GMT.
All expressions of interest and bids are to be directed to Hilco in writing. A Bid Submission Form is available on request. Please contact Hilco to gain access to a virtual data room for further information on signing a confidentiality agreement.
Key Terms & Conditions
Hilco is acting as exclusive agent to the Company and its Proposed Liquidators in connection with the proposed sale of some or all of the Company’s assets.
All sales are made strictly on an “as is, where is” basis. Only such right, title and interest (if any) as the Company may have in the assets will be transferred to a purchaser. No warranties, guarantees, or representations (express or implied) are provided by the Company, its Proposed Liquidators, or Hilco in respect of the assets or any information supplied. All parties must rely on their own enquiries and due diligence. Any information provided is for convenience only and has not been independently verified.
All offers are subject to the addition of VAT at the prevailing rate, where applicable. A non-refundable deposit equal to 20% of the agreed purchase price must be paid by the successful purchaser within 48 hours of offer acceptance. Payment of the deposit grants the purchaser the exclusive right to proceed with the acquisition of the relevant assets for a limited period and on the terms agreed. A Buyer’s Premium of 10% of the final purchase price is payable by the successful purchaser in addition to the agreed purchase price, is non-negotiable and is payable at the same time and in the same manner as the purchase price and forms a condition of sale.
Legal completion must occur within five (5) business days of offer acceptance, unless otherwise agreed in writing by the Company and its Proposed Liquidators.
