The company aims to create an extra 30 jobs in the local area.
Established in 2016 by CEO Nicky Story, 29, who started the business from his garage, Supplies for Candles is now a multi-million-pound supplier of home fragrance ingredients to the growing craft micro-business industry.
Glassprint was established in 2002 and specialises in printing on glass products such as candle glasses, perfume bottles and beer bottles with customers including Ted Baker and The White Company. It has a turnover of £1m per year and 10 staff members.
Legal advice to Supplies for Candles was provided by a team from Lupton Fawcett. Sarah Webster, Corporate Associate, said: “This is the second acquisition we have helped Nick to complete since the first lockdown, which shows a clarity of plan and appetite for growth. It’s great to be working with such a dynamic and well-run business that still has lots of plans for further expansion.”
The earlier investment saw Supplies for Candles acquire The Soap Kitchen in Devon, in 2020.
Supplies for Candles has grown rapidly with a 180% increase on last year’s figures. Nicky’s businesses are predicted to turnover £20m this year, as they continue to serve more than 100,000 customers and employ more than 100 members of staff across two different locations in the UK. Through the latest investment, he aims to create a further 30 jobs in Yorkshire.
Supplies for Candles and The Soap Kitchen are b2b businesses that sit behind the success of thousands of others, as the go-to online suppliers of home fragrance and personal care ingredients for a growing craft microbusiness industry. The company plans to introduce a vast range of home décor items including; candle containers, wax melters, candleholders and more.
Supplies for Candles CEO, Nicky Story said: “This is another exciting development for us as a company as we rapidly grow. I am looking forward to what this new chapter will bring. Glassprint is a great fit for us, as we can now offer our customers glass printing and a personalisation service on products.
“We will also utilise the extra storage space at both Mexborough sites as we continue to grow our new home décor range. This new purchase and expansion will also create around 30 warehouse jobs in Yorkshire, as well as senior level positions as we plan to solidify our team with the best talent in the area.
“I’m extremely proud of what we have achieved over the past year – the business has grown at an amazing rate, but for me the biggest reward is the impact we are having on communities in terms of employment and supplying small business with the supplies they need to easily set up businesses at home during these unprecedented times.”
The opportunity was presented to ThinCats, a specialist alternative finance provider to mid-sized SMEs, by Sentio Partners, an independent corporate finance firm based in Leeds.
Andrew Barlow, Director at Sentio Partners said: “Against a backdrop of continued uncertainty, it’s been great to have supported Nick and his team in their latest strategic move. Supplies for Candles continues to expand and grow at pace, and in ThinCats they have a supportive funder who shares ambitions for the next phase of growth.”
Ben Kimball, Director, Regional Business Development, ThinCats, said: “The comprehensive development strategy behind Supplies for Candles is clearly demonstrated by this second targeted acquisition. Working with the management team as well as the team at Sentio once again has been very rewarding, and we are excited to see where the business goes next.” ThinCats was advised by Clarion Solicitors.
Supplies for Candles has helped thousands of others become successful entrepreneurs including Ava May Aromas, loved by many celebs including cleaning sensation Mrs Hinch.
At the beginning of the pandemic, Nicky gave away £100,000 of candle making kits and business start-up packs to support those who had been financially affected by the pandemic. As a result, more than 2,000 people set up new businesses, which continue to be supported by Nicky’s team.
Nicky explains: “We have seen an increase in people visiting our website who have set up candle and wax melt businesses from home and selling online during the pandemic, allowing them to flexibly work around family commitments and bring in an additional income.”
Nicky is passionate to explore new business markets and opportunities for expansion whilst he also continues to give back and help more business start-ups by offering support and guidance.
Lupton Fawcett has offices in Leeds, Sheffield and York, providing a full range of legal services to commercial and individual clients.
Supplies for Candles, CEO, Nicky Story.