Young entrepreneurs: Jordan Daykin, GripIt Fixings
The youngest entrepreneur to secure investment on Dragons’ Den, Daykin has built an international business by the age of 20…
Name: Jordan Daykin
Company: GripIt Fixings
When a teenage Jordan Daykin found himself trying to convert his grandparent’s garage into his bedroom, he was frustrated that the plasterboard fixings he was using kept breaking.
Determined to solve the problem, the enterprising young Daykin and his grandad Stan retired to the shed and got to work on what would become the prototype of the GripIt Fixings – a plasterboard fixing capable of holding loads of up to 180kg, specially designed for different DIY projects. After developing the product and being granted a patent, Daykin sent out sample packs to all the major DIY stores and received his first order for 25,000 from Screwfix online.
At 18, the entrepreneur became the youngest participant in Dragons’ Den history to secure investment, receiving £80,000 for 25% equity in his business from Deborah Meaden – and GripIt recently bagged £2m in five days on Crowdcube to accelerate its international expansion.
Today, the fixing clearly has a strong hold in the DIY market, available in more than 3,000 UK independent stores and chains including Screwfix, Wickes and B&Q, as well as 32 countries around the world. A deal is also underway with a major US distributor, which Daykin claims will see the GripIt Fixing sold in 15,000 stores across the US, Australia and South Africa.
Daykin has big plans for the future, hoping, as all the best household brands do, that “GripIt Fixings will be a name that everyone knows” – and he intends to expand the range of products on offer, with a kit specially designed to hang flat screen TVs on the wall expected to be available in Currys nationwide soon.
At just 20 years old, Daykin has already built a profitable international business – this is one young entrepreneur to keep your eyes on.