Jump to:

London Sock Company

Follow

We are a stylish sock brand for the modern gentleman, conveniently delivered online and via subscription.

103%
 - 
Funded 4 Sep 2020
£510,021 target
£527,935 from 94 investors
More
Less

Business overview

Location London, United Kingdom
Social media
Website www.londonsockcompany.com
Sectors Clothing & Accessories Digital B2C
Company number 08694788
Incorporation date 18 Sep 2013
More
Less

Investment summary

Type Equity
Valuation (pre-money) £9M
Equity offered 5.53%
Tax relief

EIS

Idea

Introduction

Hi, I'm Dave, co-founder of London Sock Company. In 2013 my co-founder Ryan and I left our city jobs to launch a new, direct to consumer sock brand, serving the modern professional.

Why?

Socks are one of the fastest growing apparel categories, forecast to be worth £34Bn-£45Bn by 2027. For men in particular, they are the new tie.

With technology skills at our core and by leveraging data and AI, we are aiming to deliver a new experience of socks, direct to our modern consumer – in the UK, the US and now parts of Asia too.

With minimal investment we achieved £2.2m revenue in 2018, up from £1.2m in 2017. Our backers include British supermodel David Gandy, Venrex (VC), and a series of experienced angel investors from the retail and technology industries.

We're riding a huge growth curve and are excited to welcome new Seedrs investors to join us and help us on our journey.

Key Information

Outstanding Debt

Overdraft facility maximum £500k, currently £200k utilised.

Private 12 month loan of £100k repayable in Q1 2021.

£50k Covid-19 Government bounce-back loan, taken in July 2020.

Open an account to get access to the team members of London Sock Company

Sign up

Already have an account? Log in

To comply with financial regulations, we can only show full campaign details to registered users.

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
Valuation rounded from £9,015,764

Pitch type

There are 4 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs.