Photonstar and Enfis partnership

Dr James McKenzie

PhotonStar LED ltd raises £2m to fund growth through a reverse takeover of Enfis PLC

The reverse takeover of Enfis PLC by PhotonStar  LED ltd  plus a placing of new shares raising £2m to fund the growth of the combined company was announced before Christmas.

PhotonStar LED Ltd’s lighting fixture business has been growing strongly and the investment of £2m will be used to provide working capital to further fund the growth of the business and to enhance its award winning product range.

PhotonStar specialises in residential and commercial lighting and Enfis’ LED technology is used in demanding sectors such as film and television production, medical lighting and ultra-violet curing applications.

The founders of PhotonStar LED ltd will join the board of the enlarged group. Dr James McKenzie will become the company’s new chief executive officer and Dr Majd Zoorob will become the chief technology officer, while Enfis’ current CEO, Ceri Jones will become group chief financial officer of the enlarged company.

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