£500,000 boost is giant step forward for Stockport firm
A £500,000 funding boost has helped a Stockport firm to develop its patented oversize replicas, so they are used by the top creative agencies in the UK.
StackaWraps, lifelike 3D product replicas, are breaking through on to high streets in the form of giant beer glasses, aftershave bottles and even an oversize pair of jeans.
They are the brainchild of Richard Peter, who identified a gap in the market for portable, realistic recreations, and so he designed StackaWraps to be flat packed, so that they can fit in the boot of a car, and patented his unique slot and stack system.
He said: “There was an obvious gap in the market for attention –grabbing, portable replicas that actually did true justice to the products that they are selling. We developed Stack a Wraps as an alternative to the flat, fibreglass or Styrofoam replicas that have been the only option till now, and the response from clients and advertising agencies has been amazing.”
An initial funding boost from Leeds-based, Access Commercial Finance has help StackaWraps to bring its innovative product to a wider audience,and the invoice finance facility that has been put in place keeps cash flow moving quickly.
Matt Haycox from Access Finance said: “With new firms that are developing a unique concept like StackaWraps, it can be difficult to find the funding to develop ideas and pursue patents at the same time”
StackaWraps has gone from strength to strength since the funding deal was set up, and it has an impressive client list including the top four advertising agencies and some major high-street brands.
Peter added: “Finance from Access has helped us to pick up the pace with our growth, and really get our name out there. Since we got our funding deals in place, we’ve grown phenomenally – the creative agencies that we work with control the lion’s share of the advertising industry so StackaWraps is firmly at the forefront of everyone’s consciousness.”
