GripIt is the ‘World’s Ultimate Plasterboard Fixing’, designed by Jordan Daykin at the age of 13, and backed by Deborah Meaden. Stocked in over 5,000 UK stores, the company has grown 350% in revenue year on year for the last 3 years, with £3.95m revenue forecast for 2017.
GripIt is the ‘World’s Ultimate Plasterboard Fixing’, holding extreme loads of up to 330kg and is designed to be the only fixing on the market which can fit into any plasterboard application.
GripIt is stocked in over 5,000 UK stores across the UK in household names such as B&Q, Screwfix, and Wickes.
In the last three years, the company has grown 350% in revenue year on year, and has sold over 6.5 million fixings worldwide to date. Making certain assumptions of fixings per house, we estimate our potential market for fixings at c. 4 billion fixings per annum worldwide; our aim is to achieve a 2.7% market share in the 3 years.
Highlights to date:
- One of the youngest and most successful Dragons Den entrepreneurs
- Backed by Dragon, Deborah Meaden
- Made in Britain
- stocked in over 5,000 UK stores
- Exporting to 32 countries worldwide
- Creation of 30+ jobs
We are back, one year later, after our first Crowdcube raise in early 2016 where we raised £2 million in just 5 days. We invested these funds into a fully automated assembly line, and developed the structure within the company, to ensure we can meet the ever growing demand.