Luxus Home Fragrance Case Study
James and Zuzana both worked for a large candle manufacturer and in early 2015 the business was taken over. James said, “We saw an opportunity in the market for a candle maker who offered small product runs.” James and Zuzana decided to take the plunge and start their own business, initially making candles in their home.
Interest in their fledgling business grew quickly and, as the number of orders increased, it became clear that pouring wax and creating beautiful candles in the family’s living space was unsustainable. The couple tried to access funding from a bank, but were declined: “We had borrowed a lot of money to get the project started so our credit ratings were reducing all the time, and we were a new business with no track record. Both factors reduced our ability to borrow.” After approaching a number of lenders, they came across the Fredericks Foundation and made a successful application for a loan.
The loan has enabled Luxus Home Fragrance to expand and to provide 7 jobs, 3 of which are permanent. James and Zuzana are hoping to increase the number of permanent jobs next year. When asked about the future they are optimistic, explaining their intention, “To keep growing the business and to make beautiful candles and diffusers. Interest so far has been incredible, and we need to keep nurturing this interest and delivering orders on time. We knew we could make the business work, and we needed someone to listen to our story and understand what we were about. Fredericks Foundation offered this and the help we received was enormous, I can’t recommend the organisation enough, other businesses should definitely make the effort to fill in the forms!"
For more please visit www.luxustrade.co.uk/