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Salcombe Distilling Co.

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We produce the internationally award winning Salcombe Gin and non-alcoholic New London Light spirits.

159%
 - 
Closing soon
£1,000,012 target
£1,599,419 from 858 investors
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Business overview

Location Salcombe, United Kingdom
Social media
Website salcombedistilling.com
Sectors Food & Beverage Non-Digital Mixed B2B/B2C
Company number 09140632
Incorporation date 21 Jul 2014
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Investment summary

Type Equity
Valuation (pre-money) £29.4M
Equity offered 5.15%
Tax relief

EIS

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Business highlights

  • Nationwide listings with Waitrose, Majestic Wine and John Lewis
  • 'Start Point' awarded Platinum by the Beverage Tasting Institute
  • Every 70cl and 75cl bottle sold makes our oceans healthier
  • Gross turnover doubled in last two years to almost £5 million*
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Key features

  • Secondary Market
  • Seedrs nominee min. £11.76 +
  • Direct investment min. £100,000.00 +

Idea

Introduction

The taste of tomorrow starts today; at Salcombe Distilling Co., we’re on a mission to bring exceptional taste to the world.

Our business was born out of a desire to create world-class spirits and a genuine and long-standing passion for the sea and lifestyle on and around the water. With 'Salcombe Gin' and our non-alcoholic spirit 'New London Light', we aim to elevate above craft, go far beyond Salcombe and create an emotive connection with our consumers, enabling them to enjoy special moments of escape and luxury.

We're proud to have:

- Carved out a high gross margin position in the ultra-premium spirits market*

- Achieved 100% growth in the past 2 years despite the challenges of the pandemic*

- Built 1% for the Ocean partnerships with leading marine conservation charities

Our brands are positioned to be distinct from other spirits brands with positioning that is ambitious, adventurous and aspirational. We aim to transcend other ‘premium’ brands, as the luxury aspirational alternative.

Monetisation strategy

We have four main rich revenue channels that are supported by our super-premium brand positioning for Salcombe Gin and New London Light;

1. UK Sales to wholesale, on & off-trade, 3rd party eCommerce and other corporate clients; c. 52% of revenues*

2. Direct sales to consumers (via our website, events and retail stores in Salcombe & Dartmouth); c. 26% of revenues*

3. Export and Duty-Free Sales; c. 12% of revenues*

4. Our award-winning Gin School, tasting experiences and waterside bar; c. 10% of revenues and supports our brand*

With this funding round, we intend to take advantage of the huge opportunity in the No & Low sector by capitalising on our recently extended New London Light range, both in the UK and selected export markets, by investing in promotion and sales. Alongside this, we plan to build on our luxury brand positioning of Salcombe Gin to further expand our UK Sales and leverage the excellent foundations created in the US with our distributors.

Some of our UK clients:

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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.

Tax Relief (SEIS)

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.

Tax Relief (EIS)

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 (pre-money)

Valuation rounded from £29,435,656

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • 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

Seedrs nominee

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Seedrs nominee.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This shareholding type is available and the minimum investment required to select it.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.