A Sheffield company set up 10 years ago to sell a product to display Christmas cards is spending £1.265m on new premises
IC Innovations is set to relocate from Sheaf Bank Business Park in Heeley after buying Cemex House on Savile Street.
The firm was set up by Tristan Cowell in 2005 to sell a product he designed, Card Hang Ups. It proved an instant success, sold millions and won multiple awards.
The company has grown to include a range of its own and imported homeware products and now supplies more than 5,000 shops in the UK.
It is moving into premises built in 1903 that were part of Albion Works, once home to metal dealers Thomas Ward Ltd. Wards became famous in 1916 after it employed an elephant called Lizzie to haul heavy loads of steel and machinery after its horses were taken off to the front.
Tristan Cowell said: “We have seen strong increase in demand for our product ranges from our fantastic customer base. The move will allow us to display our products in a realistic retail environment in a new showroom, whilst developing our in-house design capabilities. I’m excited not just by the opportunities in the UK but also internationally as we enter the next phase of expansion.”
IC Innovations borrowed £1.265m from Santander Corporate & Commercial.
The bank’s relationship director Donna Butler said: “We are delighted to provide funding to support a great local entrepreneur and to help enable the growth of an exciting business – one that’s creating additional jobs in the city.
“IC Innovations has a clear plan for expansion, driven by innovative and stylish products and a great network of customers, and I’m confident that will continue.”
Law firm Irwin Mitchell advised on the move.