Praetura backs candle maker’s growth with major ABL facility

British premium home fragrance manufacturer Contract Candles & Diffusers has announced a major milestone in its growth journey, securing a multi-million-pound asset-based lending facility from Praetura Commercial Finance.

The funding will power the next phase of expansion for the family-owned business, which has built a strong reputation as a leading supplier of bespoke candles and diffusers to some of the world’s most prestigious luxury brands.

Founded in 1997 and nestled in the South Downs National Park, Contract Candles & Diffusers employs over 250 people across its two UK sites in Fernhurst and Chichester. The business has seen significant growth since branching into diffuser production in 2010 and is now recognised as one of the few UK manufacturers able to meet the high standards of the global luxury fragrance market.

With the new financing in place, the company plans to scale up its manufacturing capabilities, accelerate innovation initiatives, and further enhance its position as a market leader in sustainable production.

“This partnership with Praetura not only allows us to release equity tied up in our fixed assets, but also provides the financial flexibility we need to invest in the next phase of our manufacturing capabilities,” said Richard Grieveson, Managing Director at Contract Candles & Diffusers.

“With this backing, we’re well-positioned to continue leading the industry in sustainable production and innovation.”

The bespoke multi-product facility, structured by Praetura, gives the business the headroom to diversify and meet growing demand from both UK and international clients.

Nick Salmons, Sales Director at Praetura Commercial Finance, commented: “Supporting British manufacturing is vital to driving local, sustainable economic growth, and we were thrilled to partner with Contract Candles & Diffusers. It was a pleasure to structure a tailored, multi-product facility that aligns closely with their long-term vision.”

The deal was introduced by David Mathieson, Director at BTG Advisory. Legal advice for Praetura was provided by Squire Patton Boggs, while Ward Hadaway advised Contract Candles & Diffusers.

“From the outset, Praetura have been both collaborative and commercial,” added Grieveson. “They offered flexible solutions tailored to our needs and demonstrated that they are a lender who truly backs the businesses they believe in. Their ability to make decisions at pace has made a real difference.”