IT networking equipment
| NATURE OF BUSINESS | IT networking equipment for business |
| STAGE OF DEVELOPMENT | Established: further growth phase |
| AMOUNT REQUIRED | £100,000 (of a £650,000 package) |
| 20% EIS TAX RELIEF POTENTIALLY AVAILABLE | Yes, to qualifying investors |
| PREPARED TO HAVE MULTIPLE INVESTORS | Yes |
| EQUITY STAKE | Realistic |
| INVESTOR PARTICIPATION | If appropriate |
| MANAGERIAL SKILLS SOUGHT | Business development/sales |
| LOCATION | Coventry/Warwickshire and London |
The company designs, assembles and sells a growing portfolio of branded products. It has already sold £2m of its products to over 50 blue-chip companies in the UK, USA, Germany and Scandinavia.
Lack of capital is holding back the rate of expansion. Offers of £500k from venture capital funds and £50k from a private investor with expert knowledge of the sector have already been received. A further £100k (not necessarily from one investor) is being sought to complete the funding package. It is expected that EIS tax relief of 20% will be available to qualifying investors.
The company is taking advantage of a change in the market - a move from generalised hardware and generalised software towards products comprising already-integrated hardware and software that have been purpose-built for easier and cheaper operation in specific segments of this huge market. Network managers want the company’s products because they save time. Finance directors want them because they save money. Prospective investors are invited to confirm this for themselves by taking up references from any of the company’s high calibre customers.
The management team is highly experienced and is well regarded in its markets.
A full business plan is available. An early expression of potential interest (without commitment) is requested.
Further information: University of Warwick Science Park Limited on 024 7632 3123