Jewellery company impresses with strong sales and expansion plans.
Joanne Coulson, founder of jewellery company Spangles, has made it to the finals of the HSBC Start-up Stars Awards.
The jewellery businesswoman now stands a chance of winning a cash prize of £30,000 if she can convince a panel of judges to pick her business above the nine other finalists.
Coulson has impressed judges in the initial stages with a strong set of financial results. As the end of her second year of trading approaches, turnover and profits at Spangles have both almost doubled compared with the previous year.
Spangles now has 45 Shopping at Work agents and its wholesale arm supplies a range of independent gift shops, fashion boutiques, hairdressers and small multiples in the UK and ROI.
Over the next 12 months, Coulson said she is planning to focus on expanding Spangles’ wholesale business, both within her existing markets and in newly identified markets overseas and is confident that Spangles will have a presence in at least three new countries within a year.
Coulson is also keen to establish a home party division as well as the introduction of new products such as scarves and handbags.
The winner of the HSBC Start-up Stars Awards will be announced at a black tie gala at London’s Dorchester Hotel on October 18.