Michael Lister has told PLASA Media that he and his wife, Dawn, have purchased the 'assets and goodwill of Futurist Ltd'. Furthermore, an existing company, DML Corporation Ltd, which was owned by Michael Lister, has been re-named Futurist Projects Ltd, and Lister has told us that the "Futurist brand will continue to be marketed and promoted" through this company, which will be based at Trinity Business Park in Wakefield.
The creditors of Futurist Ltd included a number of well-known manufacturers and service providers in the industry, some of whom were subsequently hit by the loss of Lighting Technology at the end of June (see L&SI July 2002). However, by far the biggest creditor was the Robert Luff Foundation itself, which was owed in excess of £374,000 by Futurist Ltd. The Robert Luff Foundation declined to make any comment to PLASA Media on Futurist Ltd.
The statement from Michael Lister goes on to say: "We intend to make further announcements on our new strategy, partnerships and senior personnel appointments within the next few weeks."
The statement concludes: "We are looking forward to our continued working relationship with our supply partners and customers and would like to thank them for their support. The company is in discussions at the moment with trade creditors of Futurist Ltd and many of these trade accounts have already been repaid in full or are being repaid over the next few months by Futurist Projects."
