High-growth healthy food-to-go brand bringing 100% natural, vegan meals to mainstream retail and beyond.
Business overview
Location | London, United Kingdom |
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Social media | |
Website | www.pollenandgrace.com |
Sectors | Food & Beverage Non-Digital Mixed B2B/B2C |
Company number | 09414222 |
Incorporation date | 30 Jan 2015 |
Idea
Introduction
Hi, we are Pollen + Grace.
We create innovative, healthy ready meals and snacks. We challenge the traditional marketplace by creating 100% natural, accessibly priced, genuinely delicious meals that just so happen to be vegan, as well as gluten, wheat and dairy free.
Preemption details
The company has recently raised a bridge funding round at a lower valuation and share price of £0.21. Please see the company's update on the post-investment page for more information.
As this is a preemption campaign, limited information is provided at this time.
Outstanding debt
The company has the following outstanding loans:
1. A Bounce Back loan of £50,000, interest-free for 12 months, and 2.5% thereafter. This is to be repaid over 59 monthly installments starting in May 2021.
2. Business loan of an outstanding amount of £51,945, with an interest rate of 2.25% per annum.
3. A start-up loan of £2,436, with an interest rate of 6% per annum.
4. A bank loan with a remaining amount of £391, with an interest rate of 6.9% per annum.
5. HSBC overdraft facility of £200,000, with a base rate of 0.1% and an interest rate of 3.49%.
None of the funds raised will be used to repay these loans.
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