Yorkshire-based natural oil supplier O&3 is celebrating a bumper first year of success, after achieving a turnover of £5.5m and creating 32 jobs.
Building on momentum in the market for growing demand for natural oil-based ingredients, the start-up has also doubled its product range, widened its client base and expanded its premises in Ripon.
Co-founded by siblings Jennifer Wood, Eleanor Wade and Thomas Kerfoot – who were born in Northallerton – O&3’s success is built around providing a next generation level of service in the natural oils sector.
Since April 2018, O&3 has increased its range to more than 600 natural oil products – from cold pressed and essential oils, to butters, waxes and soap bases. Recent additions to its product range include onion seed, spinach seed and radish seed cold pressed oils.
The business says it is also focused on making buying easy and transparent, having created Europe’s largest online natural ingredients database, which makes full technical information readily available for customers available 24/7.
O&3 has grown its client base to more than 800 global customers since April 2018, including major brands, manufacturers and craft makers.
Chief executive Jennifer Wood said: “Growing up in the natural oils industry, my brother, sister and I learned a huge amount about the sourcing of ingredients, but we could also see that the way it worked needed shaking up. Often slow-moving and inflexible, the industry just wasn’t delivering the service customers expected. That’s why we set up O&3 – The Oil Family. “We aim to work fast, solve problems, and be brave for our customers, so they can get the best quality and range of natural oil ingredients quickly and easily. “We now have 32 O&3 Crew members – up from six last year – and it’s important to us that we offer a family atmosphere, flexible working opportunities and interesting roles across buying, commercial and production. “The Yorkshire spirit and determination flows strongly through the core of our business. We’ve had a brilliant first year and are incredibly excited about what’s to come in the future.”