Who we are

We specialise in designing and manufacturing professional lighting systems.

We currently employ over 700 people and although each company works autonomously, our skills and markets are complementary.


Our purpose

Provide technically advanced lighting solutions that deliver long-term lowest cost of ownership.


Our vision

Maintain a consistently respected and profitable organisation with an environmental conscience.


Our values

Integrity

Honesty

Longevity

Our investment case

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A well-positioned portfolio of companies across seven different countries

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Our investment case

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Innovative products with market-leading technology

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Our investment case

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Strong profit margins and robust balance sheet

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Our improved financial
performance...


Financial Highlights

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...along with a focus on
sustainability...


Introduction to sustainability at FW Thorpe

The Group is committed to addressing today’s sustainability challenges and opportunities, adjusting its business strategy accordingly. Understanding the needs of customers, key stakeholders and the expectations they have is central to ensuring that the Group prioritises the most critical issues and operates a responsible and sustainable business.

Sustainability has been at the core of FW Thorpe for many years. Products are designed for longevity using recyclable materials, and the Group’s direct carbon impact has been measured for over a decade, with emissions offset using its own independently certified tree planting scheme since 2009. Thorlux Smart technology has been saving energy for customers as well as reducing their carbon impact since 2003. FW Thorpe now holds the Green Economy Mark, which identifies companies and funds listed on the London Stock Exchange that generate between 50 and 100% of total annual revenues from products and services that contribute to the global green economy

sustainability icons sustainability icons

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…and strong product innovation...

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Means that we have resilience for the future, resulting in long-term, continued value creation for us and our stakeholders.


Famostar

£9.3m +5% (2020: 12%)

Revenue

Famostar has posted another set of impressive results; growth has continued since the company joined the Group in 2017. Growth has been achieved through targeted customer activity to increase market share as well as supplementing revenues by delivering projects incorporating the Thorlux SmartScan platform.


Thorlux

£73.3m +7% (2020: +4%)

Revenue

The company delivered another strong performance, with improved operating profit. Order levels reached an alltime high, supported by major projects from a number of sectors, resulting in a strong order backlog to start the new financial year. Operational efficiency also improved.


Philip Payne

£2.8m +3% (2020: -20%)

Revenue

The recovery at Philip Payne this year was slower than anticipated. In part, this could be due to the sector mix that the business operates within and the lack of major projects.


Solite

£3.2m +19% (2020: -21%)

Revenue

The Solite business made a strong recovery, driven by clean-room lighting projects in the pharmaceutical and healthcare sectors. Cross-selling has also helped drive revenues this year, with continued collaboration between the sales office in Ireland and the Thorlux UK team helping to secure multiple projects.


Portland Lighting

£2.8m +16% (2020: -17%)

Revenue

Given the company’s reliance on orders for supply into the retail and hospitality sectors, the results achieved by Portland in the economic climate of the last 12 months are all the more impressive.


TRT Lighting

£10.5m +8% (2020: +14%)

Revenue

TRT improved both revenue and operating profit again this financial year. Despite having to close its facility for two weeks in January 2021 due to COVID-19, TRT responded well to the setback, posting impressive revenue figures during the remaining months of the financial year to surpass the highs of 2019/20 and break the £10m revenue marker for the first time since its inception.


Lightronics

£22.5m -1% (2020: -3%)

Revenue

These words are not used lightly in the Group – but what a fantastic set of results, considering the business was ravaged by fire, losing its full manufacturing capabilities during late September and into October 2020. Although revenues were lower, operating results improved. This is testament to the efforts of the team at Lightronics but also the willingness of the customer base to stick with the company during that difficult period.


FW Thorpe

£117.9m +4.0% (2020: +2.4%)

Revenue

FW Thorpe Plc encompasses individual companies that concentrate on particular market sectors and geographical locations. The companies provide the Group with diversity as well as risk mitigation, as they do not compete with one another and are complementary.

Mike Allcock Alternate Text

Mike Allcock

Chairman and Joint Chief Executive
something else here

Whilst I am pleased with the improved performance under such circumstances, there is an element of wondering what could have been, for a second year running. In coming months there are significant challenges to deal with, especially related to component shortages affecting everyone in the Group.
Craig Muncaster Alternate Text

Craig Muncaster

Joint Chief Executive, Group Financial Director
and Company Secretary

The increase in Group profitability can be attributed in the main to the Thorlux and Netherlands businesses. The results have still been hampered with increased costs of lost working time, increased safety measures due to COVID-19.