Wednesday, July 18, 2012

News: ASD supports Millers with £3m loan


ASD Lighting is supporting Rotherham United with a £1m sponsorship deal and a £3m loan for the construction of the New York Stadium.

The Barbot Hall company is owned by Rotherham United chairman Tony Stewart who saved the club in 2008.

The latest financial results for the commercial lighting manufacturers showed that profits increased to £3.7m in the year ending 31 December 2011. This was up 60 per cent compared with the £2.3m in the previous year.

Turnover also increased to £20.8m from £18.2m

Tony Stewart, chairman of ASD Lighting, said: "The year has been challenging and successful with turnover and margins in line with expectations. We have responded to the challenge of today's ever changing markets and have continued to develop a strong product range and broaden our customer base."

During the period, ASD launched new products based on advanced LED technology. These include the Highway LED Streetlight which took two years to design and delivers light only to the areas it is needed with almost zero light pollution away from the road and pathways.

The latest product is the Highlite LED Highbay lighting for the commercial market which provides optimum illumination for low installation costs.

The accounts also revealed that ASD has a £1m sponsorship deal with Rotherham United and also provided a £3m loan to support the construction of their new £20m stadium. Repayments of the loan will start in 2015.

Stewart added: "The company has continued to be a principal sponsor Rotherham United as this promotes our brand, provides excellent marketing opportunities and helps support the local community."

With Tony Stewart as chairman and his son, Richard Stewart, recently promoted to vice chairman, the club's board contains experienced directors who also have senior roles at ASD Lighting.

Stewart saved the League Two club in 2008 when he brought them out of administration via a Creditors Voluntary Agreement. His chairmanship has provided stability, investment and a professional off-field set-up despite having to play home games at the Don Valley Stadium in Sheffield after leaving Millmoor. His most important achievement as chairman will soon be realised when he watches Rotherham United play their first game back in their home town, in a brand new stadium.

ASD Lighting website

Rotherham United website

Images: 1925 Club / twitter


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