View more on these topics

Plasma wakes up to bright future

The Plasma Warehouse Group is an enterprise investment scheme that is looking to raise between 200,000 and 500,000.

The company was founded three years ago by chairman Daniel Faughnan. It specialises in the sale, installation and maintenance of Plasma-LCD television, home cinema and audio-visual systems.

The group has three divisions. Plasma Warehouse UK is the consumer division, specialising is Plasma televisions for the home. Plasma 4 Business UK is involved in video conferencing, typically for exhibitions and other corporate events. Finally, Plasma Display Systems UK provides audio visual displays for airports, railways, museums and galleries.

Initially the business was centred on the commercial market and has several large clients including the BBC, ITV and LOreal UK. But as the cost of Plasma televisions has fallen, the group has moved into the consumer market. It has recently expanded its board of directors to include a retail specialist.

The company has established two internet sites to supplement its showroom sales with e-commerce. The company expects to show profits by 2006 and by 2008, it anticipates a network of showrooms throughout the UK and Europe.

One interesting feature is that the company has reached an agreement with a company called FeOnic to resell whispering window technology. This patented technology turns shop windows into loudspeakers and it can be used with Plasma screens to create visual displays to attract shoppers.

When negotiating the agreement, the Plasma Warehouse Group tested whispering window display and found 50 per cent more passers-by looked in the shop window. It is now undertaking a six-month trial of the technology.

Although this EIS is an interesting proposition, as an investment it is high risk. Despite its agreement with FeOnic, whispering window technology is only one aspect of the groups business and there is nothing to stop other companies entering the market.


Derbyshire expands its mortgage services

Derbyshire Building Society is increasing its product range, becoming the latest corporate introducer to work with national broker Mortgage Force. The deal, available through all 53 of their branches and online, increases the number of mortgages approved for Derbyshire customers, benefiting those who may face difficulty getting a mortgage due to poor credit rating or […]

Purchases down to 45% of loans

Less than half of mortgage lending last year was for house purchase, according to new figures from the Council of Mortgage Lenders.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm