A South Wales company is celebrating inclusion in a list of the fastest-growing privately owned businesses in the country.
Solar Buddies of Cwmbran has made the line-up in the FEBE (For Entrepreneurs, By Entrepreneurs) Growth 100 2024, which shines a light on the fastest-growing privately owned businesses in the country, where the founder or founders are still involved.
Solar Buddies is the world’s first sunscreen applicator designed specifically for children to apply their sunscreen independently whilst at school. Since its launch in 2015 founders Laura Waters and Kelli Aspland found it helps more people than they first imagined. Their customers now include people with sensory issues and arthritis, amongst others.
Since breaking into the American market, they have seen a huge growth in sales and now sell all around the world. They have recently launched into Asda, Morrisons, Boots and Tesco. Laura and Kelli also appeared on the last season of Dragons Den securing investment from Deborah Meaden and Peter Jones.
Laura said:
“To be recognised as one of the fastest growing businesses in the UK by FEBE is amazing. Our journey hasn’t been an easy one but when things like this happen it makes us realise just how far we have come. It’s so exciting for us to see how quickly our business has turned around but this hasn’t happened without hard work and determination. We are very proud of what we have achieved to date, but this wouldn’t have been possible without our wonderful team.”
Kelli added:
“We don’t tend to look at the growth in a financial manner but celebrate milestones like taking over bigger units, being able to employ more staff and breaking into new markets like retail. I feel so fortunate that I get to work with my best friend every day. We bounce off each other and we both agree our business partnership is probably one on its own, but we wouldn’t have it any other way.”
Criteria for inclusion in the FEBE list are:
- Sales between £3 million and £200 million
- Trading for at least three years
- An operating profit in the latest financial year
- Founder(s) must still be involved
John Maffioli, FEBE co-founder, said:
“This list reveals the fastest growing founder-led companies in the UK. The FEBE Growth 100 is where you’ll find some of the country’s most talented entrepreneurs and most exciting companies.”
FEBE co-founder Charlotte Quince said:
“We’re excited to publish this year’s Growth 100. However, FEBE is so much more than a list. We are a network of founders determined to empower and support one another. FEBE founders regularly meet up to gain insights from and help each other. Being an entrepreneur has been too lonely for too long. FEBE is here to change that.
“Founders have a home in FEBE. The founders in our list – and FEBE legends that have appeared in previous lists – work together to share ideas and support each other. Together, we want to celebrate founders who are the heartbeat of the UK economy. Their contributions go beyond the bottom line; as they inspire, create, and drive positive change. We bring these founders together throughout the year at our exclusive events and we share their incredible stories.”
Former Dragon’s Den Dragon and FEBE Growth 100 Ambassador Jenny Campbell added:
“I’m proud to be part of something that celebrates and supports entrepreneurs and their companies. The FEBE Growth 100 focuses on true entrepreneurialism. Founders are unique: their experiences, vision and resilience are unlike anything else.”
