Market background

The Board believes that the innovative ability of the Group’s StaySafe extinguishers to extinguish ten types of fire has the potential to open up new markets outside the traditional fire protection market, having seen revenues grow month-on-month since the launch of the StaySafe 5-in-1 on Amazon Prime in August 2021.

The Board understands that there were 23.5 million households in England in 2021, while other historic data (Source: English Housing Survey ONS, 2017), showed that only 17% of households in England are equipped with an extinguisher. In the Board’s opinion, this indicates an addressable market in England alone of approximately 19 million homes without an extinguisher, in addition to the other possible uses in vehicles, caravans, boats and garages. The Board also believes that there are consumer markets for the Group's products elsewhere, with product launches initially in North America and Europe.

In addition to demand from these consumer markets, the Board also anticipates creating demand for the Group’s products from wholesale customers, such as retail outlets, hotels and restaurants, in addition to customers in industry.  The Board is therefore confident that the Group can establish new markets for the Group’s StaySafe products.

 

 Page last updated: 6 July 2022