Amstrad has also produced a variety of home entertainment products over their history, including hi-fi, televisions, VCRs, and DVD players. In 1968, he founded Amstrad and now, nearly 45 years later, he has an estimated worth of £1.21 billion and was ranked 123rd in the 2019 Sunday Times Rich List. During the 1970s they were at the forefront of low-priced hi-fi, TV and car stereo cassette technologies. Stella English - 2010. Lord Sugar's private holding company, Amshold, which is responsible for all of his private companies, showed £567.9m worth of assets in 2016-17, according to … But in most companies employees would have walked out months ago if they were faced with the prospect of potentially being "fired" every time they walked into the boss's office. due to a problem with the Seagate ST277R hard disk shipped with the PC2386 model, these had to be recalled and fitted with Western Digital controllers. The company had offices in Kings Road, Brentwood, Essex. In 1993, Amstrad was licensed by Sega to produce a system which was similar to the Sega TeraDrive, going by the name of the Amstrad Mega PC, to try to regain their image in the gaming market. It was first listed on the London Stock Exchange in April 1980. … Tropic Skincare have agreed a … He went from strength to strength selling electrical goods bought wholesale. Alan Michael Sugar, one of the best known British businessmen in the world is the founder of the highly successful electronics company Amstrad which he had since sold to broadcaster BSkyB. In 1985, the popular Amstrad PCW range was introduced, which were principally word processors, complete with printer, running the LocoScript word processing program. A multi-award winning beauty company co-owned by Sir Alan Sugar and a former Apprentice contestant is to move to Croydon. Lord Alan Sugar Warns Businesses To Offer Vegan Options Or Go Broke 'If there is a demand for a new kind of product like a vegan item then of course you need to cater for it' by Maria Chiorando 5th March 2020 Updated 28th September 2020. Lord Alan Sugar. When he was 21, he started his own company Amstrad, a derivation of Alan Michael Sugar Trading. List of companies where Alan Michael Sugar was involved. It was a commercial failure, and had several technical and usability problems. In the early 1990s, Amstrad began to focus on portable computers rather than desktop computers. In the UK Alan Sugar's Amstrad was the first company to look at computing with an eye to producing something cheap and cheerful and in doing so revolutionised the computer marketplace. The system didn't succeed as well as expected, mostly due to its high initial retail price of £999. "We are trying to be mutually reasonable with them and help them out with any kind of payment plans that they can have. They ran MS-DOS on an 8 MHz processor, and the built-in screen could emulate the Monochrome Display Adapter or Color Graphics Adapter. Lord Sugar … Some computer companies of the 1980s seemed to be in the business of making hi-tech equipment. Alan Michael Sugar worked in AMSTRAD LIMITED, AMSPROP LIMITED, AMSAIR AIRCRAFT LIMITED, AMSERVE LTD., ESAG COMMERCIAL PROPERTIES LIMITED, AMSTRAD SATELLITE PRODUCTS LIMITED, AMSHOLD TRUSTEES LIMITED, AMSPROP REAT LIMITED as a Company director, a Director. The name is a contraction of Alan Michael Sugar Trading. Free company director check. BSkyB had been a major client of Amstrad, accounting for 75% of sales for its 'set top box' business. What We Offer . Amstrad was a British electronics company, founded in 1968 by Alan Sugar at the age of 21. [citation needed], Computer Contracts - Merchantable Quality in Hardware Contracts - Amstrad plc v. 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Although largely successful, the company also lost money and was sold in 2007. The console, based on the Amstrad 464 Plus hardware, was a commercial failure, because it used outdated technology, and most games available for it were straight ports of CPC games that could be purchased for much less in their original format. Amstrad entered the market in the field of consumer electronics. DOUGH ARTISAN BAKEHOUSE LIMITED (11166075) Company status. Get involved in exciting, inspiring conversations. Later "Plus" variants of the 464 and 6128, launched in 1990, increased their functionality slightly. In that same year, Amstrad released the PenPad, a PDA similar to the Apple Newton, and released only weeks before it. In 1990, Amstrad tried to enter the video game console market with the Amstrad GX4000, similar to what Commodore did at the same time with the C64 GS. Their first electrical product was the Amstrad 8000 amplifier. [10], Sky bought Amstrad so they could have their own hardware development division to develop new Satellite boxes (Sky Q) made in-house. He is a producer, known for The Survival Club (1999), Blame It on the Moon (2000) and The Apprentice UK (2005). [6][7], Amstrad has ceased operations as a trading company, and exists in name only. Amstrad began marketing its own home computers in an attempt to capture the market from Commodore and Sinclair, with the Amstrad CPC range in 1984. Lord Alan Sugar has said his central London property investments are "suffering" due to office workers staying home and City-based companies … As Amstrad began to concentrate less on computers and more in communication, they purchased several telecommunications businesses including Betacom, Dancall Telecom, Viglen Computers and Dataflex Design Communications during the early 1990s. Lord Sugar has made most of his fortune from his property company Amsprop, which he owns with his son, Daniel Sugar. ord Alan Sugar has said his central London property investments are "suffering" due to office workers staying home and City-based companies finding out they "don't need" pre-pandemic size premises. Lower prices were achieved by injection moulding plastic hi-fi turntable covers, undercutting competitors who used the vacuum forming Amstrad was taken off the Stock Exchange on 9 October 2008. Share: Print. Amstrad launched two new variants of the Spectrum: the ZX Spectrum +2, based on the ZX Spectrum 128, with a built-in cassette tape drive (like the CPC 464) and, the following year, the ZX Spectrum +3, with a built-in floppy disk drive (similar to the CPC 664 and 6128), taking the 3" disks that many Amstrad machines used. Alan Sugar (born March 24, 1947) is famous for being entrepreneur. Director. Alan Sugar’s sister has died from Covid, two weeks after The Apprentice host’s brother also died from the disease. It lacked most features that the Apple Newton included, but had a lower price at $450. Amstrad's second generation of PCs, the PC2000 series, were launched in 1989. This was the start of Amstrad, the Alan Michael Sugar Trading Company. In 1968, the businessman also launched consumer electronics company … Reading Time: 2 minutes Companies must cater to consumer demands, says Lord Sugar (Photo: Reading Time: 2 minutes. Role Active. Betacom PLC was then renamed Amstrad PLC. Lord Sugar has admitted taking advantage of a change in the tax laws to pay millions less while slamming 'foreign' companies that keep their profits offshore to … Amstrad later successfully sued Seagate, but following bad press over the hard disk problems, Amstrad lost its lead in the European PC market.[3]. Sugar, whose Amstrad company had a deal to supply the majority of Sky receivers, deputised. Amsvest, a company owned by Lord Sugar, has a great track record for helping young up and coming entrepreneurs, and right now we’re looking to invest in people that have a business but need additional investment to help fund the next phase of their growth. Taking an aggressive approach from the start can limit your workforce. This was followed by the E-m@iler Plus in 2002, and the E3 Videophone in 2004. Lower prices were achieved by injection moulding plastic hi-fi turntable covers, undercutting competitors who used the vacuum forming process. Amstrad was once a FTSE 100 Index constituent but since 2007 is wholly owned by Sky UK. Amstrad (also known as AMSTrad) was founded in 1968 by Alan Sugar at the age of 21, the name of the original company being AMS Trading (Amstrad) Limited, derived from its founder's initials (Alan Michael Sugar). On 7 April 1986 Amstrad announced it had bought from Sinclair Research "the worldwide rights to sell and manufacture all existing and future Sinclair computers and computer products, together with the Sinclair brand name and those intellectual property rights where they relate to computers and computer related products",[2] which included the ZX Spectrum, for £5 million. Owned by Lord Sugar, Amsvest Ltd offer investments for inspirational business ideas. Britain has seen far fewer staff return to offices than other major European cities, and large employers, such as NatWest and RBS, have told employees to expect to be working from home until 2021. He has been married to Ann Simons since April 29, 1968. Having left school in Hackney aged 16, Alan Sugar started selling car aerials and electric goods out of a van he bought for £50. He is known for his collection of classic Bentleys and Rolls Royce cars, including one with the registration number AMS 1. It is one of the most successful companies to … Who are we? The Apprentice's Lord Sugar quits 2016 winner Alana Spencer's cake business, Ridiculously Rich, after three years ahead of the new series. Australian born Mark Wright runs digital marketing business Climb Online, which has turned over £4 million. Amsprop Estates, which is managed by his son, Daniel, is Sugar's biggest cash cow. Lord Sugar worked at a greengrocers during his school days in Clapton to make extra cash, but left school at 16 and became a civil service statistician at the Ministry of Education. [5] During the late 1980s, Amstrad had a substantial share of the PC market in the UK. Brentwood House, 169 Kings Road, Brentwood, Essex, CM14 4EB. He could undersell the competition and still make more profit for himself. "A lot of companies, big companies in the City, to be perfectly blunt about it, have found out that they don't need these premises because they've been doing business with their employees sitting at home on their computers. The CPC 464 was launched in the UK, Ireland, France, Australia, New Zealand, Germany, Spain and Italy. The hard-nosed Cockney forcefully informed the hard-nosed Aussie to “get your fucking arse over here and blow them out of the water”. The Apprentice star told the Standard: "As a landlord, we are suffering with our tenants struggling to justify the premises that they occupy. The business magnate had also served as the chairman of Tottenham Hotspur from 1991 to … Self-made multimillionaire known as The Sugar Lord, who became the star of BBC’s version of reality show The Apprentice. LORD ALAN SUGAR is now known as one of the UK’s most successful business tycoons and the face of hit TV series ‘The Apprentice’, but his wealth … Sugar’s electronics company, Amstrad, was named after his initials and was founded in 1968. Tropic Skincare moved into its new £4million home, at Beddington Lane Industrial Estate, on Beddington Lane, on Tuesday (March 5). Accounts filed with Companies House show that Amshold, Lord Sugar’s holding company, paid out £181m in total over the 12 months to the end of … In 1986 Amstrad entered the IBM PC-compatible arena with the PC1512 system. Director. His first foray into manufacture was his plinth and cover for stereo record decks. After giving it his seal of approval, Lord Sugar asked Testa to do some more work, including making videos for the launch of his investment company Amsvest, and for some of the businesses … In 1997, Amstrad PLC was wound up, its shares being split into Viglen and Betacom instead. A multi-award winning beauty company co-owned by Sir Alan Sugar and a former The Apprentice contestant has officially opened its new Croydon HQ. Stella English was brought up by her great-aunt on a council estate in London … As of 2006[update], Amstrad's main business was manufacturing Sky UK interactive boxes. Ultimately, it was the only manufacturer producing receiver boxes and dishes at the system's launch, and has continued to manufacture set top boxes for Sky, from analogue to digital and now including Sky's Sky+ digital video recorder. Amshold House, Goldings Hill, Loughton, England, IG10 2RW. [9] Amstrad's former offices are now a Premier Inn Hotel. Alan Sugar's leadership style is very one-dimensional. Amstrad entered the market in the field of consumer electronics. Apply for Investment. [8] Under Sky, Amstrad currently only produce satellite receivers for Sky, as doing so allows them to reduce costs by cutting out the middleman. He was the chairman of Tottenham Hotspur from 1991 until 2001 and he founded the electronics firm, Amstad (Alan Michael Sugar Trading). Sugar soon realised there was a better margin to be had from manufacturing items. The vehicle was behind the redevelopment of The Crosspoint near Liverpool Street Station, and its portfolio includes The Lever Building near Barbican. However, Get involved in exciting, inspiring conversations with other readers. During the 1970s they were at the forefront of low-priced hi-fi, TV and car stereo cassette technologies. ACL (1997) LIMITED (00942631) Company status. Alan Sugar was born on March 24, 1947 in Hackney, London, England as Alan Michael Sugar. Amstrad expanded to the marketing of low cost amplifiers and tuners, imported from the Far East and badged with the Amstrad name for the UK market. Who is Alan Sugar? Correspondence address. Amstrad's final (and ill-fated) attempts to exploit the Sinclair brand were based on the company's own PCs; a compact desktop PC derived from the PPC 512, branded as the Sinclair PC200, and the PC1512 rebadged as the Sinclair PC500. Amstrad was key to the introduction of Sky, as the company was responsible for finding methods to produce the requisite equipment at an attractive price for the consumer - Alan Sugar famously approached "someone who bashes out dustbin lids", to manufacture satellite dishes cheaply. The Amsoft division of Amstrad was set up to provide in-house software and consumables. Amstrad's UK E-m@iler business is operated through a separate company, Amserve Ltd which is 89.8% owned by Amstrad and 10.2% owned by DSG International plc (formerly Dixons plc). Active. His first major breakthrough came when he began using injection moulding plastics in … In 1980, Amstrad went public trading on the London Stock Exchange, and doubled in size each year during the early '80s. Sir Alan Sugar’s IT company, Viglen, has beaten a string of overseas firms to secure a contract worth £30 million to supply equipment to government bodies. The company began as a general importer/exporter and wholesaler, but soon specialised in consumer electronics. In 2010 Sky integrated Amstrad's satellite division as part of Sky so they could make their own set-top boxes in-house. Amstrad (also known as AMSTrad) was founded in 1968 by Alan Sugar at the age of 21, the name of the original company being AMS Trading (Amstrad) Limited, derived from its founder's initials (Alan Michael Sugar). He currently resides in London, England. In July 2007, BSkyB announced a takeover of Amstrad for £125m,[4] a 23.7% premium on its market capitalisation. At the time, Shugsy … Active. He added: "Some finance companies are not losing out [due to Covid-19] but they are finding out they don't need the people, and they are taking advantage and using Covid as an excuse.". ", It was announced on 2 July 2008 that Sugar had stepped down as Chairman of Amstrad, which had been planned since BSkyB took over in 2007. Amstrad made more than £5 million on selling these surplus machines alone. The billionaire is a long-term investor in prime City property through real estate venture Amsprop. In standard Amstrad livery and priced at £399 it was a success, capturing more than 25% of the European computer market. In 2000, Amstrad released the first of its combined telephony and e-mail devices, called the E-m@iler. Upon finding out the size of ITV’s bid, £262million over five years for essentially a game a week, Sugar called Sky boss Sam Chisholm. Role Resigned. Particularly the City boys, they're doing transactions - buying, selling, dealing, all of that stuff - and it's suddenly dawned upon them that business is just as good, but actually we are paying massive rents for premises which really we don't need.”. Having supplied BSkyB with hardware since its inception in 1988, market analysts had noted the two companies becoming increasingly close. The business mogul has earned his money through a string of business ventures, most notably founding Amstrad, a computer and electronics company, in … Sugar is also a qualified pilot and owns a small plane. The entrepreneur added that he believes some finance companies have “taken advantage of the Covid-19 situation and are using it as a bit of an excuse” for cost-saving layoffs. Facts about Alan Sugar 6: Sugar’s Triumph Having been selected by … Correspondence address. The same year, Amstrad supplied set top boxes to Australian broadcaster Foxtel, and in 2004 to Italian broadcaster Sky Italia. Appointed before. This included Sinclair's unsold stock of Sinclair QLs and Spectrums. Sugar founded Amstrad in 1968, the name being an acronym of his initials – Alan Michael Sugar Trading. The businessman, who won the 2015 series of the BBC competition, set up his plumbing company ImpraGas with the help of Lord Alan Sugar’s £250,000 investment, however, the … [citation needed] It was MS-DOS-based, but with the GEM graphics interface, and later Windows. They were also capable of running the CP/M operating system. It was followed by the CPC 664 and CPC 6128 models. Amstrad has been a major supplier of set top boxes to UK satellite TV provider Sky since its launch in 1989. Sugar is a long-term investor in City property. 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The businessman said he believes current criticism of the Government's handling of the pandemic and the economy is a "little unfair" as they are "stuck between a rock and a hard place" as a result of an unprecedented pandemic, and praised the furlough and business loan schemes offered by Chancellor Rishi Sunak. Sugar commented that he wished to play a part in the business, saying: "I turn 60 this year and I have had 40 years of hustling in the business, but now I have to start thinking about my team of loyal staff, many of whom have been with me for many years. Lord Sugar said the City is already starting to see “consequences” of that realisation. In 1988 Amstrad attempted to make the first affordable portable personal computer with the PPC512 and 640 models, introduced a year before the Macintosh Portable. [ 4 ] a 23.7 % premium on its market capitalisation from the start of Amstrad a!, is Sugar 's biggest cash cow with them and help them out with any kind payment... 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