Northern Ireland light guidance firm goes out of business
A Northern Ireland company which made systems to help evacuations from buildings during emergencies has been wound up.
Lightstep Limited, which was based in Dunmurry, was acclaimed for its technology when it was officially launched in 2003.
But the firm was wound up late last month by the High Court after a petition was presented by Danske Bank, trading as Northern Bank Ltd.
According to its last-filed accounts for the year ending March 31, 2015, Lightstep Limited had bank loans and overdrafts of £269,205 secured by a floating charge. A sister company, Lightstep Technologies, was wound up by the High Court in 2013 following a request from the Department of Finance and Personnel (DFP).
Lighhtstep developed a lighting guidance system for floors and stairways and obtained funding for research and development from Invest NI.
Then-First Minister Peter Robinson visited the company's premises with Deputy First Minister Martin McGuinness in 2010.
Mr Robinson praised the company as "an internationally-focused business, which has significant export potential in markets including the USA and Middle East".
The company was led by Co Armagh man Kieran Patterson.