From 1st September 2024, Social Pantry will deliver its high-impact yet socially and environmentally conscious catering at Mansion House and The Central Criminal Court (Old Bailey), two of the City’s most impressive and culturally significant venues.
With these new City of London Corporation tender-wins, as well as being appointed as the exclusive caterer for Tower Bridge earlier this year, the new partnerships continue to further cement Social Pantry’s presence as one of London’s go-to caterers. With 13 unique catering concepts across the two standalone venues, Social Pantry will be managing all aspects of the catering, from internal cafés and eateries to state functions and commercial events regularly held within these historic London landmarks.
As the UK’s leading independent and female-founded sustainable caterer, Social Pantry strives to deliver exceptional quality service and events at minimal social and environmental cost. Founder and CEO Alexandra Head said, “The team at Social Pantry are really looking forward to putting these iconic venues on the map for events as well as running the in-house catering at The Old Bailey. As an independent caterer we’re extremely proud to win this contract with the City of London Corporation and to bring our sustainable, ethical approach to the catering at these venues.”
🦁 This is very exciting news for our investors in Little Lion Entertainment Ltd and The Ents Inc. Ltd, who will now benefit from their shared expertise and resources
With more than 300 employees, high visitor numbers, and high customer satisfaction, Little Lion Entertainment is well placed to scale The Ents Inc. Ltd\'s resources in a way to enable it to continue its expansion, both in the UK and globally. Additionally, the Games Arena concept and venues, including the first game ‘Chaos Karts’, provide a successful additional product for Little Lion Entertainment Ltd, whose The Crystal Maze LIVE Experiences have already proven to be very popular 💎
As founder Tom Lionetti-Maguire says in the below article, this is just the beginning for Little Lion Entertainment, with more games and versions set to be released in the near future!
https://blooloop.com/immersive...
',id:"14870"},{title:"The Little Violet Door opens",featureImage:[{title:"Website",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Website.JPG"}],postsCategories:[{title:"News",id:"261"}],slug:"the-little-violet-door-opens",postDate:"2024-06-18T14:26:00+01:00",bodycopy:'🚪Little Door and Co. have officially opened their 5th flat, The Little Violet Door, and it may just be their best yet!
Our team had a great time at the launch party the other week 🎉 We were really impressed with the interior, the staff, and the atmosphere. It truly feels like going to a Swinging Sixties house party, right in the heart of Carnaby 🏠
Unlike its sister sites, The Little Violet Door will trade from noon daily seven days a week with a menu of sharing dishes including tacos and mezze boards, whilst the Little Door & Co’s. signature bottomless brunch will be available every weekend.
With a \'modest\' target of £1m, WatchHouse has blown away expectations for their crowdfunded equity raise. Their £7.2m raise is the largest equity-only raise for a hospitality business, and the 11th largest raise ever on Crowdcube.
This fundraise was undertaken with the goal of further fuelling the EIS Portfolio company\'s impressive expansion, including further sites in the US. Having just announced the opening of their 19th House in Hampstead Heath, WatchHouse has been rapidly expanding!
Come Summer 2025, this Edition EIS portfolio company will be able to include their 39,000 sq ft Olympia venues on the same prestigious list that features The Libertine, Palm House, and Pergola on the Wharf.
In classic Incipio style, we expect it to to be a destination for culture, creativity and entertainment, and we can't wait to see how it looks once completed.
📺🐶ScreenDog Productions The Jury: Murder Trial has been the biggest factual release for Channel 4 since 2014, averaging 3 million viewers!
Congratulations Ed Kellie and the team at ScreenDog Productions for another fantastic production. We are excited to have added you to our Edition EIS portfolio.
Part of our Scale Up Tranche, ScreenDog Productions has established themselves as an indie content creator that pushes the boundaries with their shows. Whether it is the factual Stacey Dooley: Stalkers, the experimental Smuggled, or the confronting The Jury: Murder Trial, their shows provide an unparalleled perspective on the world. The latter is a thought provoking social experiment targeting our justice system, by pitting two juries against each other in deciding a real murder case. Released on Channel 4, it averaged 3 million viewers, becoming that network\'s biggest factual launch in 10 years 🎉
Founded by the brilliant Ed Kellie in 2018, this Brighton based organisation prides itself on revealing stories in the most dramatic and captivating way possible, and often garners headlines as a result.
We can\'t wait to see what the impressive team at ScreenDog Productions come up with next, but looking at their track record, we know for sure it won\'t be one to miss!
hashtag#EIS hashtag#TaxEfficientInvestments hashtag#ScreenDog hashtag#Smuggled hashtag#Stalkers hashtag#TheJury hashtag#HurricaneMan
Part of our Scale Up Tranche, Roots Allotments provides a much desired and under supplied service to local communities across the United Kingdom: an allotment site for growing fruit and vegetables, and all the support needed for success.
Founded by four friends from Bath who were inspired by a 25-year waiting list for a local allotment, Roots has grown to six sites in its first two years, and has demand and desire for many more 📈
They don\'t just stop at a patch of land though. When you sign up with Roots you receive a welcome pack which includes your first seeds, a welcome session, and access to their online members community where you will receive all the advice that you need.
By championing the no dig technique, Roots focuses on natural growth, both for the health of your body and the health of your land. This also decreases the amount of work needed to prepare the soil, giving you more time to relax in the sun and enjoy watching your fresh veges grow 🥦
On top of this, Roots keeps local bees onsite and maintains a wildflower perimeter, all with the goal of healthy people and healthy planet.
In an environment of rising grocery bills, a focus on personal health, and a lack of residential space, personal allotments are needed more than ever, and we are excited to see what Roots Allotments can achieve!
Our investee company WatchHouse Coffee has opened their first international coffee house at 660 5th Avenue, New York. This 5th Ave House is their 18th coffee house.
",id:"14463"},{title:"The Ents Inc (Chaos Karts) officially opens Chaos Karts Dubai in Al Quoz",featureImage:[{title:"Chaos Karts Beach Still no logo Smaller",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Chaos-Karts-Beach-Still-no-logo-Smaller.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"the-ents-inc-chaos-karts-officially-opens-chaos-karts-dubai-in-al-quoz",postDate:"2024-03-23T11:55:00+00:00",bodycopy:"We're thrilled about the grand opening of Chaos Karts Dubai. Located in the heart of Al Quoz, Chaos Karts Dubai promises an adrenaline-fueled experience that matches with the experience economy that is being built in the Emirate.
\nFollowing on from success domestically, it is exciting to see another of our portfolio companies expand internationally, and Dubai is the perfect place to do so.
",id:"14366"},{title:"WatchHouse Coffee opens their Cabot Place location in Canary Wharf",featureImage:[{title:"Watch House Cabot Place",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/WatchHouse-Cabot-Place.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"watchhouse-coffee-opens-their-cabot-place-location-in-canary-wharf",postDate:"2024-03-04T12:14:00+00:00",bodycopy:"WatchHouse Coffee has announced their newest franchise location, this time bringing their premium coffee to the busy financial district of Canary Wharf. Featuring a sleek green design and being specifically tailored to cater to the busy lifestyle of the area, WatchHouse Cabot Place is in prime position to become a caffeine source of choice for the peninsula.
",id:"14373"},{title:"Social Pantry announced as the exclusive catering partner for Tower Bridge Events",featureImage:[{title:"Tower Bridge events",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Tower-Bridge-events.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"social-pantry-announced-as-the-exclusive-catering-partner-for-tower-bridge-events",postDate:"2024-03-01T13:08:00+00:00",bodycopy:"Social Pantry continues to add iconic events spaces to it's catering portfolio, this time teaming up with Tower Bridge Events. From 1st March 2024, Social Pantry will deliver its high impact yet socially and environmentally conscious events at one of London’s defining landmarks, creating an unparalleled event and dining experience in the city.
\nWith three distinct areas available for private hire - the Walkways offer incredible panoramic views of the city, the majestic Victorian Engine Rooms houses the original machinery once used to lift the bridge, and The North Tower Lounge showcases stunning neo-gothic architecture - Social Pantry will work in tandem with the venue and clients to produce bespoke events and menus from canapés and cocktails, to innovative food and drink stations and lavish five-course dinners.
",id:"14378"},{title:"Harry Heartfield - Why investing in profitable companies matters more than ever",featureImage:[{title:"Harry",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Harry.jpg"}],postsCategories:[{title:"Opinion",id:"262"}],slug:"harry-heartfield-podcast-why-investing-in-profitable-companies-matters-more-than-ever",postDate:"2024-02-13T11:18:00+00:00",bodycopy:'Senior Partner Harry Heartfield joined the Hardman and Co. podcast to discuss the current landscape for leisure companies and EIS investment, and argues that investing in profitable companies matters more than ever. Other topics included in the discussion are:
\nYou can listen here.
',id:"14472"},{title:"Curious Films named Emerging Indie of the Year 2024",featureImage:[{title:"1416512 curiosfilmsv2 481818",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/1416512_curiosfilmsv2_481818.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"curious-films-named-emerging-indie-of-the-year-2024",postDate:"2024-02-08T11:41:00+00:00",bodycopy:'Broadcast Awards has announced that the winner of the Emerging Indie of the Year 2024 is Curious Films, our investee company behind hits Wagspiracy: Vardy Vs Rooney and Making Sense Of Cancer With Hannah Fry, among others.
\nFrom landing in the global top 10 on Netflix to fostering emerging talent, they\'re setting new standards in the industry. Read more here.
',id:"14381"},{title:"We welcome Daniel Symons to the Edition team",featureImage:[{title:"Website",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Website.jpg"}],postsCategories:[],slug:"we-welcome-daniel-symons-to-the-edition-team",postDate:"2024-02-01T11:12:00+00:00",bodycopy:"We are pleased to welcome Daniel Symons to the team. Daniel works in the Client Services Team, focusing on client communications and acting as the point of contact for investors and adviser firms.
\nPrior to joining Edition, Daniel worked in wealth management at Smartshares as the Client Services Manager, and has immigrated over from New Zealand.
",id:"14468"},{title:"Farmer J secures additional funding of £5.5m for expansion",featureImage:[{title:"Regent street 1024x724 jpg",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/regent-street-1024x724.jpg.webp"}],postsCategories:[{title:"News",id:"261"}],slug:"farmer-j-secures-additional-funding-of-5-5m-for-expansion",postDate:"2024-01-29T12:00:00+00:00",bodycopy:'Recent investee company Farmer J has secured £5.5m in additional funding, with a goal for this to be used for expansion within London and internationally. This latest funding round has been lead by VC firm Beringea, with Farmer J ambitiously stating that it is with intention of becoming a global brand.
\nFounder Jonathan Recanati said this about the fund raise, "My ambition is to build a global brand serving people nutritious, honest, tasty food, made from scratch...The last two years have been all about improving efficiency and improving conversion, and now that sales are back up, you can really see all the hard work coming to fruition.”
\nFarmer J currently has 10 sites in London and has plans to open a further five this year. Next year it has hopes to open locations on the East Coast of the US, with New York and Boston in mind.
',id:"14386"},{title:"Harry Heartfield on Professional Adviser - Boosting the British economy through innovative EIS funding",featureImage:[{title:"Social Pantry square",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Social-Pantry-square.jpg"}],postsCategories:[{title:"Opinion",id:"262"}],slug:"harry-heartfield-on-professional-adviser-boosting-the-british-economy-through-innovative-eis-funding",postDate:"2024-01-25T12:04:00+00:00",bodycopy:'Our Senior Partner, Harry Heartfield, has written an article for Professional Adviser that explored EIS investment opportunities and shared some examples of ambitious businesses backed by the scheme, all with the underlying theme that "smaller businesses are the lifeblood of the UK economy".
\nRead more here.
',id:"14485"},{title:"WatchHouse Coffee secures additional funding of £7.9m for expansion",featureImage:[{title:"1703180008070",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/1703180008070.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"watchhouse-coffee-secures-additional-funding-of-7-9m",postDate:"2024-01-02T12:14:00+00:00",bodycopy:"Our investee company WatchHouse Coffee has successfully secured USD$10m (£7.9m) in Series A funding, propelling their ambitious expansion plans forward. Led by Founder and CEO, Roland Horne, and advised by Bosham Capital Advisors Ltd, this round saw contributions from investors across the UK, Europe, Asia, South America, and the U.S. These funds will fuel the growth of the coffee house estate in the UK and New York, alongside enhancing the e-commerce platform as they continue to scale rapidly.
\n\n
With the first international WatchHouse due to open on New York's 5th Avenue in early 2024, this funding paves the way for even further expansion. Additionally, new Houses are set to grace London, including locations in Hampstead, Fitzrovia, Marble Arch, and two in Canary Wharf, all opening in 2024.
",id:"14389"},{title:"WatchHouse Coffee crowned Best Independent Coffee Shop - Europe",featureImage:[{title:"5 Q8 A8537",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/5Q8A8537.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"watchhouse-coffee-crowned-best-independent-coffee-shop-europe",postDate:"2023-11-29T13:44:00+00:00",bodycopy:"At the latest European Coffee Symposium Awards, our investee company WatchHouse Coffee was awarded the Best Independent Coffee Shop - Europe award for 2023.
",id:"14406"},{title:"Edition Capital Invests in Farmer J",featureImage:[{title:"FARMERJ 220615 0139",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/FARMERJ-220615-0139.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"edition-capital-invests-in-farmer-j",postDate:"2023-11-20T10:50:00+00:00",bodycopy:"We're thrilled to announce our latest tasty new addition to the Edition portfolio.
Farmer J is a healthy fast-casual restaurant group, celebrated for its vegetable and protein-packed Fieldtrays. Earlier in 2023, Edition made a significant investment in this innovative venture.
What sets Farmer J apart? They've cracked the code for fast casual food that's both filling and healthier than its processed alternatives. This is evidenced by the consistent coverage in the press and very positive online reviews, further corroborated by the long queues typically seen outside their venues during peak hours.
With 10 bustling locations in London, Farmer J is not stopping there. They have ambitious plans to expand further within the city, across the UK, and eventually, worldwide.
At Farmer J, they do things differently. They craft their delectable dishes right before your eyes in open kitchens, using fresh ingredients sourced daily. Sustainability is at the core of their operation, as they nurture relationships with local farmers and champion British suppliers. Their commitment extends to procuring only high-welfare UK meats and sustainably sourced fish.
Jonathan Recanati, Founder of Farmer J, shares his excitement:
\"We're excited to have Edition on board as a partner. Their investment will enable us to supercharge our growth and bring our delicious, wholesome food to even more people.\"
Our investee company Curious Films and Hannah Fry have been awarded the Best Documentary Presenter Grierson Award for their documentary Making Sense of Cancer with Hannah Fry. The Grierson Awards are the informal name for The British Documentary Awards, which are bestowed by The Grierson Trust to recognise innovative and exciting documentary films.
",id:"14416"},{title:"WatchHouse Coffee opens their 14th house in Belsize Park",featureImage:[{title:"Belsize Park small",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Belsize-Park-small.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"watchhouse-coffee-opens-their-14th-house-in-belsize-park",postDate:"2023-11-03T14:37:00+00:00",bodycopy:"WatchHouse Coffee opens their 14th coffee house at 183 Haverstock Hill, Belsize Park, London, just across the road from the Belsize Park underground station.
",id:"14423"},{title:"Little Door and Co. win New Hospitality Business of the Year",featureImage:[{title:"3",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/3.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"little-door-and-co-win-new-hospitality-business-of-the-year",postDate:"2023-11-01T14:48:00+00:00",bodycopy:"Our investee company Little Door and Co. has been awarded with the New Hospitality Business of the Year award at the London Lifestyle Awards for their Soho based site, The Little Scarlet Door.
\n\nAdditionally, they were runners-up for the Bar of the Year award for their Fulham based site, The Little Blue Door.
",id:"14431"},{title:"Hotpod Yoga named Favourite Yoga Studio of 2023",featureImage:[{title:"4",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/4.PNG"}],postsCategories:[{title:"News",id:"261"}],slug:"hotpod-yoga-named-favourite-yoga-studio-of-2023",postDate:"2023-10-16T15:01:00+01:00",bodycopy:"Our investee company has been awarded the Favourite Yoga Studio of 2023 award by OM Yoga & Lifestyle Magazine.
",id:"14434"},{title:"Chaos Karts opens Manchester venue",featureImage:[{title:"0 280823chaos8",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/0_280823chaos8.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"chaos-karts-opens-manchester-venue",postDate:"2023-09-01T15:08:00+01:00",bodycopy:'Our investee company Chaos Karts, founded by the same minds behind The Crystal Maze Live Experience at Little Lion Entertainment, have opened their Manchester live-action video-game karting venue.
\nThe experience consists of drivers competing against each other across six tracks, with the player holding the most points at the end of each race winning that track. The driver with the most wins by the end wins the day. The tracks are immersive and varied, with a classic gold-rush desert and outer space being a couple of the settings, and contain classic video game animosity with a scattered weapons available to help you in your goal to beat your friends.
\nRead more about it here.
Our investee company WatchHouse Coffee has opened their 13th coffee house in Covent Garden. Located between The Strand and Covent Garden Market, inspired by the architectural style of the surrounding areas, the House offers a fully immersive coffee experience.
",id:"14444"},{title:"Incipio Group open The 411, their ninth venue",featureImage:[{title:"The 411 01 2",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/The-411-01-2.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"incipio-group-open-the-411-their-ninth-venue",postDate:"2023-07-27T15:37:00+01:00",bodycopy:"Our investee company Incipio Group is set to open it's ninth venue, The 411, an exciting new bar in Angel, London this autumn.
\nDrawing inspiration from NYC's Soho district, The 411's design will feature exposed brickwork, sleek concrete finishes, captivating artworks, and statement furniture, offering a trendy and immersive experience in London.
The 411's menu will showcase the best of NYC's casual dining scene with bottomless NYC slices and the bar will serve an impressive selection of cocktails with American bourbons and whiskies, along with a variety of craft beers.
Our investee company WatchHouse has opened a new coffee house in Bath. This is their 12th coffee house, and their first outside of London, although it won't be the last.
",id:"14457"},{title:"WatchHouse open 11th site in London",featureImage:[{title:"Watch House Marylebone R",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/WatchHouse-Marylebone-R.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"watchhouse-open-eleventh-site-in-london",postDate:"2023-05-10T13:10:00+01:00",bodycopy:'Our investee WatchHouse opened their eleventh House this week. Located in Medici Courtyard, a short walk from Regent Street, WatchHouse Hanover is accessible from both New Bond Street and Hanover Square.
Morty & Bob’s have opened their third site in London’s Kensal Rise. The College Road eatery will serve up British and American-influenced dishes and light plates from brunch though to dinner.
\nWith two outdoor heated terraces, counter seating at the bar, farmhouse tables and polished wood decor, owner Charlie Phillips is striving for a welcoming, relaxed backdrop for neighbourhood life and the perfect spot for evening drinks and dinners.
",id:"12069"},{title:"Assembled Gala team launch new festival RALLY",featureImage:[{title:"Rally",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Rally.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"assembled-gala-team-launch-new-festival-rally",postDate:"2023-03-15T13:11:00+00:00",bodycopy:"The Assembled Gala team have launched a new festival, RALLY, in partnership with promoter Bird on the Wire. The one-day event will take place on London's Southwark Park on 5th August 2023, and will be dedicated to showcasing the freshest new music.
\nThe event will also be a celebration of the city’s different communities with an arts programme from partners including LGBTQIA+ performance art collective Disturbance, Goldsmiths, and non-profit creative space IKLECTIK.
",id:"12064"},{title:"Edition take part in LightTower webinar",featureImage:[{title:"Pizzaluxe 2",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Pizzaluxe-2.jpg"}],postsCategories:[{title:"Opinion",id:"262"}],slug:"edition-take-part-in-lighttower-webinar-on-why-you-should-invest-in-leisure",postDate:"2023-03-09T10:50:00+00:00",bodycopy:'Last week, we teamed up with LightTower partners to host a webinar on why you should invest in the leisure space in 2023.
\nIn the webinar, we discuss Edition Capital’s investment and risk management strategies, as well as a variety of exciting new developments in the leisure industry.
\nYou can watch the webinar in full here.
\nThe venue gives guests the chance to play vintage arcade games ranging from the 1970s to the mid-2000s on lovingly restored machines alongside booths with old-school consoles from the Megadrive to the PS2.
\nThe Dean Street venue will also host a range of events including film screenings and quizzes. It will be the first Four Quarters bar in the city as the chain looks to expand into the North-East following the success of its branches in London and Bristol.
",id:"12060"},{title:"Harry Heartfield - How the leisure sector successfully navigated COVID-19 and will cope with the recession",featureImage:[{title:"Harry",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Harry.jpg"}],postsCategories:[{title:"Opinion",id:"262"}],slug:"harry-heartfield-talks-to-the-eis-navigator-podcast-on-the-leisure-sector",postDate:"2022-12-13T10:42:00+00:00",bodycopy:'Our Senior Partner Harry Heartfield talked with Brian Moretta at Hardman and Co. about how COVID-19 and the anticipated recession will impact the leisure sector.
\nHe argues that while the pandemic was difficult for the leisure industry and the economic backdrop remains challenging, leisure is proving to be resilient. There is still desire amongst consumers to enjoy the experiences out there available to them (particularly around Christmas), and this is boosting this vital part of the UK economy.
\nTo listen click here.
We attended the highly anticipated launch of the Club Mexicana site in Spitalfields last week.
\n
\nIt’s their biggest site to date and is full of the Club Mex character that makes it stand out on the London hospitality scene, including a giant disco ball, delicious tacos and frozen jalapeño margaritas.
\n
\nCongratulations to founder Meriel Armitage, who is a pioneer in vegan food and an inspirational founder to work with.
\n
\nOur top tip – take a meat-loving friend, and they’ll never guess that it’s vegan..!
Incipio opened their eigth site ‘The Libertine’ in London\'s Royal Exchange last week.
\n
\nThe 7,000 sq feet site sits in the historic vaults of the Royal Exchange, which was opened by Queen Elizabeth I in 1571. Under the vaulted arches which once guarded the spices, silks and gold that enriched London in years gone by sits the impressive bar and restaurant worthy of the modern City.
\n
\nCongrats to the Incipio team on what has been a fantastic year.
We got a sneak peek of the new Incipio site ‘Palm House’ in Victoria last night.
\n
\nThe site revives the vibrant spirit of Miami’s iconic 1930s clubhouse scene, with a dash of Cuban cool. The Palm House incapsulates what Incipio do so well: curating beautiful spaces with amazing atmospheres that guarantee a good time, which we certainly had last night.
\n
\nCongrats to the Incipio team – onto the next, coming very soon..!
We spoke to FT Adviser this morning following the Mini-Budget announcement.
The Enterprise Investment Scheme and Venture Capital Trusts have been enormously successful in supporting equity investment into British small businesses - helping them achieve their ambitions and fuelling the economy.
Too much support during COVID was in the form of debt - through bounce back loans, CBILs and other loan schemes. These schemes allowed businesses to survive but they are going to be weighed down by loan repayments in the future. Companies need access to equity to help them make long term investments to boost productivity.
EIS and VCT enables businesses to secure equity investment and grow rapidly, with the tax reliefs helping reduce investors risk. We are delighted that this government has extended these schemes. It will allow businesses to continue to benefit from access to over £2 billion of annual funding which could have disappeared overnight.
You can read the article here.
',id:"11149"},{title:"Curious Films release two blockbuster documentaries today",featureImage:[{title:"Mcaffee 2",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/mcaffee-2.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"curious-films-release-two-blockbuster-documentaries-today",postDate:"2022-08-26T21:46:00+01:00",bodycopy:"Our investee Curious Films get access to astonishing stories. Their next two documentaries are both out today:
\n
\nRunning with the Devil, streaming on Netflix, uncovers new layers of fugitive tech pioneer John McAfee's wild years on the run through revealing footage and interviews.
\n
\nThe Accused: National Treasures on Trial, on Channel 4 at 9pm, marks ten years since the launch of Operation Yewtree, a police investigation that put some of Britain’s biggest entertainers in the dock for historic sex crimes.
Our investee WatchHouse opened their tenth House this week. Located in Medici Courtyard, a short walk from Regent Street, WatchHouse Hanover is accessible from both New Bond Street and Hanover Square.
\nThe tenth House is a contemporary cafe space focused on fast paced specialty coffee service with a high-quality food offering of WatchHouse Bakery, sandwiches and salads alongside their most extensive retail space to date.
",id:"11137"},{title:"Get Set Go! nominated for Lloyds Bank New Business of the Year",featureImage:[{title:"Get set go square",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Get-set-go-square.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"get-set-go-nominated-for-lloyds-bank-new-business-of-the-year",postDate:"2022-08-17T21:26:00+01:00",bodycopy:"We are very proud of our investee, Get Set Go! Family Club, which has been selected as a finalist for 'The Lloyds Bank New Business of the Year'.
\n
\nCongratulations Claire Harrison and team on a great year.
Edition investee Incipio Group has announced the opening of their next venue 'The Palm House' in Victoria's Nova development. The Palm House will have space for 400 guests across two floors, and will take inspiration from Cuba and Miami's iconic Clubhouses of the 1930s, with a roster of DJs and live entertainment.
\nEdition investee Incipio have announced their new venue 'The Libertine' that will open in October. The Libertine will cover 7,000 sq feet inside the historic vaults of the Royal Exchange, which was opened by Queen Elizabeth I in 1571 and will offer a large bar, casual drinking and dining spaces, a main restaurant and two private dining rooms.
\n
\nCongrats to Edward Devenport and the team on the continued growth of Incipio, and a brilliant year so far.
We are delighted to announce that our investee, Whistle Punks, is set to open a new 7,000 square-foot site in London’s Fitzrovia, which will be the largest axe-throwing venue in Europe. The new venue is set to open on Thursday 1st September and will offer nine lanes of axe-throwing, a bar area and sourdough pizzas.
\n
\nCongratulations to John Nimmons, Jools Whitehorn and the whole team on the continued growth and expansion.
Edition investee Little Door & Co. opened their fourth site 'The Little Scarlett Door' on Soho's Greek Street this week. The site features their trademark flat share styling, and incorporates the cocktails, food and fun that Little Door & Co. devotees flock to the sites for.
\nThe Edition team joined founders Jamie Hazeel & Kamran Dehdashti at the opening of the site this week.
\n",id:"11127"},{title:"Little Lion Entertainment launch Tomb Raider Live",featureImage:[{title:"TR",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/TR.png"}],postsCategories:[{title:"News",id:"261"}],slug:"little-lion-entertainment-launch-tomb-raider-live",postDate:"2022-04-13T20:26:00+01:00",bodycopy:"We are delighted that our investee, Little Lion Entertainment, has successfully launched their second immersive attraction.
\n
\nIntroducing ‘Tomb Raider Live’, which opened in Camden, London last week. Tomb Raider fans will now be able to compete in a number of live-action puzzles, battles and obstacles across a 30,000 sq ft venue set in the jungle.
\n
\nCongrats to Tom Lionetti-Maguire and the team.
We've moved! To accommodate the growth of the business we have relocated and upgraded our offices. You can now find us at 146-148 Clerkenwell Rd, London EC1R 5DG.
\nWe look forward to seeing you soon!
\n
\n
\n
Founded in 2011 by Alex Head, Social Pantry is the go-to caterer for forward thinking, socially conscious and memorable events with clients including Rihanna, David Attenborough, Hilary Clinton, HRH Prince of Wales and Louis Vuitton. With a passion for serving fresh, seasonal, and delicious food, Social Pantry are widely recognised for their forward-thinking approach towards sustainability and their goal of being the first zero waste caterer.
\nEdition invested into the business in 2019. As well as being impressed by the breadth of their experience and the quality of the events and venues catered for, we were attracted by their commitment to social principles beyond sustainability; Social Pantry has led the way in ex-offender employment since 2015, helping over 30 ex-offenders get back into the workplace, including 5-10% of current staff.
\nThe company flourished post-investment, launching permanent spaces to accompany their thriving events business. When Covid-19 restrictions halted trading on what was set to be their biggest year to date, the company adapted by modifying their offer to include meal box deliveries, Christmas hampers and various take away options.
\nIn the second half of 2021, the business experienced a surge in demand for weddings and events as lockdown measures were lifted, with over 250 events catered for in the eight months to December 2021. Recent high-profile events include serving 2,800 festival goers a banquet meal at Wilderness, and Alexander McQueen and Burberry at London Fashion Week. They have also added prestigious venue accreditations to their extensive list, including The National Theatre and Woolwich Works. To further their work with the ex-offender community, Social Pantry recently won a competitive tender to reopen the staff cafe within HMP Feltham YOI. The café will have 6-8 inmates training and running the kitchen; all of whom will be offered a job at Social Pantry on release.
\nEvent enquiries in 2021 increased by 120% compared to 2019, supported not just by the boom in events following a fallow period but by enquirers seeking a ‘green’ caterer who are attracted by Social Pantry’s zero waste menus and intention to make operations entirely free from single-use plastic. For brands, venues and individuals, alignment with authentic socially conscious suppliers is more important than ever, and Social Pantry are proud to be the market leaders, enabling them to directly compete with the biggest and best high-end caterers in London.
\nChampioning socially conscious principles since inception is founder Alex Head, who is one of London’s most recognised female leaders in the hospitality industry. In 2019, Alex was awarded Stylist’s Remarkable Women of the Year and she has featured on Sky News, The Times and in many other publications for her social and sustainability work, including zero waste recipes. We’re proud to back this fantastic female-led business, and remain excited about its growth and future prospects.
',id:"6516"},{title:"Whistle Punks open new site in Leeds",featureImage:[{title:"WP",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/WP.jpg"}],postsCategories:[],slug:"whistle-punks-open-new-site-in-leeds",postDate:"2022-02-10T12:47:00+00:00",bodycopy:'We are delighted to share news on the continued growth of our investee Whistle Punks who have just opened their fourth venue in Leeds. Their existing sites in London, Manchester and Bristol are all performing
\nstrongly with group trading performance ahead of pre-pandemic levels and we anticipate this latest venture in Yorkshire will also be a hit amongst locals.
Following our latest round of expansion capital, the team at Whistle Punks are now aiming to take the urban axe-throwing craze to further cities across the UK. Congrats to Jools Whitehorn, John Nimmons and the whole team on the continued growth of the company in these challenging times.
We are delighted to announce that Four Quarters will be opening their fourth venue in Bristol on 27th January. This latest venue will hold over 15 arcade machines and retro console booths over two floors. The site’s beer and cocktail menu will feature collaborations with local brewery Lost and Grounded. Following this, the team will be wasting little time launching a fifth site, which is currently planned for Newcastle.
Congrats to Marc Jones, Francois Kitching and the team for thier hard work.
As the full ferocity of COVID rolled across the globe over the past 20 months, the hospitality and leisure sectors were often hit first and hit hardest. Restrictions, whilst now removed in the UK, forced the closure of venues and whole sectors for months on end. Many wondered, when the storm abated, what the world would look like. Would there be demand for people to socialise in large groups? Would city centres become ghost towns? Was this the end for the pub as we know it?
Two schools of thought formed. The first was that people would become permanently scarred by the pandemic limiting their exposure to crowds by shunning hospitality and looking to move out of cities. They looked at the huge increases in working from home and house price rises in the countryside compared to the decreases in London and other cities as indicators of a desire to avoid other people and said that their case was closed. Cities and hospitality were doomed, and it was better to get out now.
\nThe second looked to the past for inspiration.
\nThe Spanish Flu has many echoes in COVID. It spread with alarming speed across the globe, and necessitated large numbers of restrictions on crowds, theatres, restaurants and bars. Public campaigns to wear masks and open windows to limit infection were widespread[1]. Millions still sadly died. But the aftermath didn’t see the end of pubs, restaurants, theatres or the collapse of city centres. It saw the start of the roaring twenties – an era of unprecedented growth in entertainment and urbanization. People, after a period of enforced distance, decided to make the most of their rediscovered freedoms.
\nCome the lifting of restrictions in the spring, the sector held its breath. Which worldview would be proven correct? The data gave a sharply clear signal. Hospitality and leisure, left to their own devices, were back. A recent Barclays report showed that revenues were on average 26% higher than 2019 figures[2]. According to Barclays economic modelling, sector revenues from April to December 2021 are likely to be £15.4bn higher than 2019. This performance has been echoed by Edition’s leisure portfolio. All of our hospitality businesses are trading above 2019’s revenues, with new venues opening and locations often fully booked weeks in advance.
\nIt hasn’t all been plain sailing for the sector though. The supply chain crisis and shortages of labour have increased costs significantly for operators and made the return to ‘normality’ more nuanced than the headline revenue growth might suggest. Good quality operators have needed to adapt and respond quickly to satisfy increased customer demand, but despite this there is significant positivity for the future from the sector with 94% of businesses were confident of growth in 2021.
\nThe hollowing out of the city centres similarly seems unfounded. More businesses are expecting to increase their city centre locations than reduce them. This pattern is matched by Edition’s investment portfolio, where we are investing heavily in site openings across UK cities, taking advantage of enhanced landlord deals and the return of office workers. The rush to the countryside seems to have been fairly temporary, with home rental costs rising in London, with the average rent now 3.6% higher than in 2020, as people return to the city[3]\nand the creature comforts that only a major urban area can offer.
\nWe are not out of the viral woods yet, as recent case rises numbers both in the UK and across Europe attest. However, as the developed world moves from pandemic to endemic COVID, we believe that consumers are likely to emulate their grandparents and great-grandparents in participating in activities that make us happy – spending time with each other and indulging our passions and interests together – and that means a boom for leisure.
\nThe philosopher George Santayana, in words pilfered later by Churchill, said that "Those who cannot remember the past are condemned to repeat it". Demand for experiences, leisure and hospitality remains undimmed. Investors who ignore the lessons from the past and decide to avoid the leisure sector are likely to feel they have missed out if history repeats itself and the 2020s see a boom in consumer demand for leisure. We, at Edition, are determined not to make that mistake.
\n[1] https://www.history.com/news/1...
[2] Barclays – Leisure Rediscovered (2021)
\n[3] https://www.standard.co.uk/hom...
',id:"5881"},{title:"Pizzaluxe plan to conquer the travel space",featureImage:[{title:"PL",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/PL.jpg"}],postsCategories:[],slug:"pizzaluxe-plan-to-conquer-the-travel-space",postDate:"2021-11-18T14:37:00+00:00",bodycopy:'Pizzaluxe are making their first venture into the motorway service station space by opening two new sites this quarter. The first site, which opened 22nd November, is at the Extra in Peterborough, with the second opening at the Extra in Cambridge in December.
\nYou can read more about Pizzaluxe\'s plans here.
',id:"5887"},{title:"Ayushman Sen joins the team",featureImage:[{title:"Ayush news",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Ayush-news.jpg"}],postsCategories:[],slug:"ayushman-sen-joins-the-team",postDate:"2021-10-11T14:39:00+01:00",bodycopy:"We are delighted to welcome Ayushman to the team, where he will be responsible for sourcing & structuring new investment opportunities, deal execution and managing a number of Edition’s portfolio companies.
\nPrior to joining Edition, Ayushman worked at Downing for over five years where he focused on deal execution and portfolio management of several high growth companies across the technology, real estate, consumer and hospitality sectors.
",id:"5821"},{title:"GALA Festival triumphantly returns",featureImage:[{title:"Gala 4",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Gala-4.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"gala-festival-triumphantly-returns",postDate:"2021-08-16T15:16:00+01:00",bodycopy:'We are delighted by the performance of our investee, Gala Festival (trading as Assembled Gala), whose South-East London, music-based festival took place between 30 July and 1 August.
The event was staged over three days for the first time, to cater for unprecedented ticket demand after the initial two days sold out within hours. On-site revenues were also phenomenally strong - bar takings over the three days were a whopping 30% above target, as the very British weather failed to dampen audience enthusiasm.
The execution (including covid-secure entry requirements) and financial performance of the event are a credit to Jonathan Edwards, Giles Napier and the Gala management team who have shown trademark resilience and adaptability over the past year and a half.
Edition are delighted to announce their latest investment into Lean Kitchen Network (LKN) alongside supermarket giant Asda.
LKN is a tech-driven, digital brand creation and food delivery business that create interactive menus that change daily to suit customer demand. The company work with some of the biggest household food brands including Heinz, Doritos, and Pepsico as well as its owned brands such as Twisted London.
You can read the recent press release here.
https://lnkd.in/dygcA6BR
We are delighted to announce that our investee, Four Quarters, is expanding their arcade-themed bar group with a third venue in Elephant Park, London. Further to their existing sites in Peckham and Hackney, this new venue will be the biggest yet boasting 3,000 square foot.
The venue is scheduled to open mid-August when you can take a trip down memory lane playing favourites such as; Street Fighter, Space Invaders, Pac Man, Asteroids and many more.
You can read about the launch in London Evening Standard below.
https://lnkd.in/dvR7mFY
We are delighted to announce that our investee Incipio Group have opened their new site Pergola on the Wharf.
\nPergola On The Wharf is a botanical waterside Eden; flooded with natural light from the floor-to-ceiling windows and strewn with lush flora, vines and ferns, the huge space plays host to three bars, food pop-ups, drinking, dancing, live music and DJ sets late into the night. Perched above Canary Wharf’s northern dock with panoramic views, guests can live it up inside amongst the foliage or enjoy the fresh air on the 200 capacity terrace which wraps around the venue.
',id:"5852"},{title:"Pizzaluxe to open new sites in Peterbrough and Cambridge",featureImage:[{title:"Pizzaluxe 2",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Pizzaluxe-2.jpg"}],postsCategories:[],slug:"pizzaluxe-to-open-new-sites-in-peterbrough-and-cambridge",postDate:"2021-07-05T14:48:00+01:00",bodycopy:'As we approach the end of lockdown restrictions, we are excited for our businesses that are busy expanding their footprint across the country.
Starting from a market stall on Brick Lane, the fast-casual group Pizzaluxe has announced they are opening two further sites in Peterborough and Cambridge by the end of the year adding to their existing three sites in Leeds airport, Manchester airport and Manchester Arndale.
Edition are excited to announce their investment into Chaos Karts, where attendees drive high-tech Go-Karts in an immersive, augmented reality experience that channels the nostalgia of classic video games such as Mario Kart.
Tickets are now on sale for the opening in August 2021 of their 20,000 square foot venue in London’s Brick Lane.
Founder Tom Lionetti-Maguire has been speaking to the Evening Standard about the launch and how consumers are desperate to go out and try something different. You can read the full article here.
We are delighted that our investee, the modern coffee group WatchHouse opened their latest site in the iconic 70 St. Mary’s Axe building yesterday.
WatchHouse’s founder,Roland Horne, has been speaking to Eater London about opportunities post-COVID-19 and the business’s expansion plans to open five more venues in the next year. The London coffee scene has lost some of its most well-known brands in the last year and WatchHouse is well placed to capitalise due to the “resilience and long-term mindset of the team”
You can read the article here.
Get Set Go! is a new family activity club based in Putney scheduled to open in the Autumn. The site will offer swimming lessons, children and adult fitness classes, a co-working space for parents, a healthy café and a children’s party and events space. The concept is an extension of founder Claire Harrison’s business Swimming Rocks, which has been running highly sought after children’s swimming lessons at multiple sites across London for many years. The centres will fill the gap in the market for child-friendly swimming pools following the closure of several council operated leisure centres, and the management team intend to roll-out multiple sites across London in the near future.
',id:"3926"},{title:"Edition invests in Ultra X",featureImage:[{title:"Ultra X 2",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/UltraX-2.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"edition-invests-in-ultra-x",postDate:"2020-04-03T17:20:00+01:00",bodycopy:'Edition are pleased to announce an investment into global ultramarathon race series Ultra X.
\nBuilding on the success of brands such as Ironman and Marathon Des Sables, the team behind World Ultra Corporation launched Ultra X. Taking in some of the world’s most extraordinary landscapes, such as the Jordanian desert, Mexico’s Copper Canyons and Sri Lanka’s jungles, Ultra X aims to reinvent the sport of ultra-running – making it accessible and enviable in equal measures.
\nThe funding will be used to expand the reach and number of global events staged every year.
',id:"3923"},{title:"Edition Nominated for Investor of the Year",featureImage:[{title:"Retailer s Retailer of the Year Awards brand big",url:"https://d7s91s1zzpua0.cloudfront.net/Retailer-s-Retailer-of-the-Year-Awards_brand_big.png"}],postsCategories:[{title:"News",id:"261"}],slug:"edition-nominated-for-investor-of-the-year",postDate:"2020-03-02T17:13:00+00:00",bodycopy:'We are delighted to announce that we are finalists in the MCA Retailers’ Retailer Awards 2020 for “Investor of the Year”.
\nThe MCA Retailers’ Retailer Awards celebrate the very best concepts and individuals in the UK eating and drinking out sector. The Awards bring the senior tier of the industry into one room to reward and recognise true excellence in the market.
\nYou can read more about the awards here.
',id:"3919"},{title:"Rotor Videos investment wins Northern Island Dealmakers Awards",featureImage:[{title:"Rotor sq",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/rotor-sq.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"rotor-videos-investment-wins-northern-island-dealmakers-awards",postDate:"2020-02-20T17:05:00+00:00",bodycopy:'We are thrilled that our recent investment into Rotor Videos has won the Northern Ireland Dealmakers Awards 2020.
\nRotor Videos created a fast and simple way to make music, promotional and lyric videos for upload to Youtube and other video sharing platforms. The company works with a range of artists; from aspiring musicians to the world’s biggest record labels to create engaging videos for their music.
\nYou can read more about the award here.
',id:"3916"},{title:"WatchHouse open new site at Somerset House",featureImage:[{title:"Watch house 2 tile",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Watch-house-2-tile.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"watch-house-open-new-site-at-somerset-house",postDate:"2020-01-29T17:03:00+00:00",bodycopy:'We are delighted to announce that our investee WatchHouse will be opening at the prestigious Somerset House in February. This is the first of four new sites that WatchHouse will be opening, following their successful acquisition of the Fernandez & Wells portfolio in December 2019.
With the addition of these new sites, WatchHouse will see their total number of Houses grow to nine.
Congratulations to the WatchHouse team.
Paul’s career has spanned forty years in the leisure and entertainment sectors; initially as Finance Director for the likes of Simon Fuller’s 19 Entertainment Group and Cream Group (Creamfields Music Festival). For the last fifteen years Paul has been more directly involved in VCT and EIS fund management. In early 2016, he set up Edition Capital with three other partners to continue investing into the sector. Edition now has twenty investments within its Edition EIS portfolio.
\nWhat is the most rewarding aspect of your role?
\nI have always been driven by job satisfaction rather than financial reward. It’s the greatest feeling in the world to successfully exit any business and give investors a first-class return.
\nWhat\'s keeping you up at night?
\nI’m a perfectionist. We currently have twenty investments, but if only nineteen of them are performing strongly and one is below par, I will wake up at 4.00am thinking about ways to get that one underperformer back on track.
\nWhat makes your firm stand out?
\nWe set Edition up three and a half years ago to stick to the basic principals of focussing upon areas of investment where we have a deep knowledge. We believe that we understand the leisure sector in all of its facets in a way that very few, if any, other operators do. It’s very different to the more generalist operators who tend to spread their investment funds across various seemingly unconnected sectors. The Edition Team are also extremely ‘hands on’ in terms of each investment to an extent that not many of our competitors seem to be.
\nWhat are investors saying about your firm?
\nThe feeling seems very positive, which is supported by the sharp increase in the funds that we are taking in currently. We managed the exit of the Impresario Festivals EIS in our early days and obviously delivering a return in excess of £2 per share put a big smile on a few people’s faces!
\nWhat are three things you look for when investing in a business?
\nThe people are at front and centre of any business and it is so important that we believe in them and, in turn, they believe in us helping them to make the most of the opportunity.
\nIt goes without saying that the business must also have a commercial concept that resonates with the modern marketplace; which is why we don’t back start ups and only invest in businesses that have good proof of concept but need capital to accelerate their growth.
\nLastly, given that we have a significant number of accountants in the business, we insist upon a potential investee business having strong financial processes. We are happy to help ‘professionalise’ in this area as we often do (Edition has a separate advisory arm), but there needs to be a firm commitment to strong budgeting and financial reporting processes.
\nHow have the recent legislative changes affected your firm?
\nWe are generally supportive of the changes as they play to our commercial strengths. It certainly differentiated us from a significant number of operators in the sector who were extremely scared of the new regime. There remains a frustration that EIS is still far from perfect in terms of assisting the delivery of growth capital to exciting young entrepreneurial businesses, but hopefully we can all continue lobbying to convince government that there needs to be more ‘can do’ in terms of breaking down the barriers to investment and encouraging businesses to grow.
\nWhat is the best piece of advice you\'ve taken?
\n"Nobody ever went bust taking a profit". Selling a business at the right time and leaving something on the table for the acquirer is a crucial skill. Too many people hold on and miss the boat in terms of maximising the return from an exit and sometimes you are better off exiting a business for a small positive return and focusing your time and energy on other businesses.
\nHow would your colleagues describe you in three words?
\nI asked around and most of them were unprintable, but loyal, generous and passionate were three of the polite ones.
\nThis interview was originally featured in Co-Investor. You can read the full interview here.
',id:"3910"},{title:"Edition Advisory Case Study",featureImage:[{title:"Hotpod yoga 1",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/hotpod-yoga-1.jpeg"}],postsCategories:[{title:"Opinion",id:"262"}],slug:"edition-advisory-case-study",postDate:"2019-11-15T13:38:00+00:00",bodycopy:'Edition Advisory works with a number of leisure and entertainment businesses at any stage of their journey. You can read about how we\'ve helped our investee Hotpod Yoga in this Case Study.
',id:"4080"},{title:"Stop blaming millennials, start investing in them",featureImage:[{title:"Mainstage snoboxx NZ",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Mainstage-snoboxxNZ.jpg"}],postsCategories:[{title:"Opinion",id:"262"}],slug:"stop-blaming-millennials-start-investing-in-them",postDate:"2019-11-14T16:53:00+00:00",bodycopy:'Over the past several years, a stealthy killer has lived among us. You might live with one – you might even be one. This killer is the millennial and their favoured prey – long established industries. Since 2016, various articles have blamed millennials for the death or slow demise of the golf industry, wine cork manufacturers, cinema chains, upmarket hotels, mid-market beer and wine, banks, gyms, diamonds, the oil and gas industry, home building and, of course, napkins.
\nAs ludicrous as it is to blame the falling fortunes of certain industries on changing consumer tastes, rather than a lack of sufficient dynamism from existing business, the millennial as bogeyman has gained significant traction as a convenient story to explain underperformance across a wide range of businesses.
\nHowever, what is true is that, as a cohort, millennials – those born between around 1980 and 2000 (demographers cannot ever seem to agree on the precise dates) – have very different tastes to previous generations. With a distrust for institutions spurred on in large part by formative years spent battling the aftermath of the great recession, a childhood spent surrounded by the nascent internet and the rise of social media, as well as an increased desire to explore and experience the world around them, it isn’t hard to see that industries that don’t respond to the rise of this new consumer are doomed to failure. Nor is it enough to simply ignore this generation – by 2020 American millennials alone are forecast to spend $1.4 trillion per year according to Accenture. In spending terms, they have already arrived as a force to be reckoned with.
\nGiven their rising importance as consumers across the globe, investors would be far better positioned by looking to deploy capital into businesses that satisfy the demands of millennials’ changed tastes rather than simply blaming them when stale businesses underperform. One of the key trends that underpins millennial spending is the rise of the ‘experience economy’. Companies within the experience economy use services as the stage, and goods as props, “to engage individual customers in a way that creates a memorable event“. Whilst the idea has been around for over 20 years, what is different is that millennials are increasingly choosing experiences over goods. Given a choice between spending their disposable income either on designer clothes or going to a show, the chances are the consumer will choose the show.
\nIn order to benefit from this trend, investors must be savvy at choosing businesses that can thrive in the ultra-competitive experience sector. The Edition Capital team have been investing into businesses within the experience economy since 2002, and within that time we have seen the same core features of successful businesses time after time. The most investable businesses will have multiple revenue streams, differentiated pricing points, ownership of intellectual property and a loyal and recurring fan base.
\nOne exemplar of this is the festival industry. With income from tickets, sponsorship, food and drink, basic day tickets to high end VIP options, a strong brand they own themselves and a passionate fan base, festival businesses tick all these boxes and have the potential to generate exceptional returns for investors. Recent transactions that we have been involved in, including the sale of Impresario Festivals, which more than doubled shareholder value in four years, have proven this potential and we continue to invest in the experience economy through Edition EIS Discretionary Portfolio Management Service.
\nMillennials aren’t going anywhere. There are over 2.5 billion of them and their spending power will continue to rise and rise. Businesses that don’t look at them and demand a share of that money aren’t going to thrive, and investors who sit on the sidelines of this huge cultural and economic shift are just as likely to be left behind. The time has come to stop blaming millennials, and to start investing in them.
This article was originally written for Charles Stanley. You can read the full article here.
',id:"3906"},{title:"Morty & Bob’s to open in Westfield London",featureImage:[{title:"Morty and bobs westfield",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/morty-and-bobs-westfield.jpeg"}],postsCategories:[{title:"News",id:"261"}],slug:"morty-bobs-to-open-in-westfield-london",postDate:"2019-11-12T12:39:00+00:00",bodycopy:"We are delighted to announce that Morty And Bob’s has just expanded into Westfield London and will now be available at Westfield Shopping Centre in Shepherd's Bush.
\nMorty & Bob’s will still sell their signature grilled cheese toasties as their King's Cross restaurant and bar, but it will be alongside a range of other hot sandwiches freshly made in front of customers. This includes; slow-roasted porchetta sub with house slaw, salsa verde and gravy drizzle and popcorn shrimp with dressed crispy salad served in a brioche roll.
\nAt the weekend, the team will be serving the Brunch Bun with crispy smoked streaky bacon, smashed avocado, soft scrambled egg, shoestring fries and M&B mushroom ketchup.
",id:"227"},{title:"Incipio to open their sixth venue",featureImage:[{title:"Incipio bloom",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/incipio-bloom.jpeg"}],postsCategories:[{title:"News",id:"261"}],slug:"incipio-to-open-new-venue-bloom",postDate:"2019-11-08T12:36:00+00:00",bodycopy:'We are excited to announce that our investee company, Incipio Group, will open their sixth venue today. Taking over the former Mahiki site on High Street Kensington, Percy\'s will be West London’s new neighbourhood bar and dance floor.
\nThe venue promises no strict guestlists or dress code. The 350-capacity, 6,000 square foot space will have two bars, and a restaurant will be open until 3.30am on weekends.
',id:"222"},{title:"Edition announce investment into WatchHouse",featureImage:[{title:"Edition watch house coffee",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/edition-watch-house-coffee.jpeg"}],postsCategories:[{title:"News",id:"261"}],slug:"edition-announce-investment-into-watch-house-coffee",postDate:"2019-10-28T11:48:00+00:00",bodycopy:'London-based speciality coffee concept WatchHouse is set for further expansion in the capital after securing £2.1m of new investment from Edition Capital. Roland Horne founded WatchHouse in a 19th century former watch house in Bermondsey Street in 2014. The venue has proceeded to become a three-time Time Out Love London award-winner. The group has subsequently added sites in Tower Bridge, Fetter Lane and Spitalfields.
\nHorne said: “Each one of our sites is designed to highlight the specific history of our locality. Modern coffee is about the whole customer experience, not just the coffee bean or latte art. This holistic approach stands us apart in the sector. Completion of the series A investment round allows us to reach further afield and much faster, which is really exciting for the team and customers alike.”
Management Consultancy Stone & River caught up with Lisa Boden Shah, Partner at Edition Capital to discuss brand authenticity.
\nSince being founded just over three years’ ago, Edition Capital has steadily built a reputation for investing in eye-catching, experience driven consumer concepts.
\nLisa Boden Shah, one of four Partners who set up Edition after leaving a boutique investment house where they were the Live Entertainment team, and has specific responsibility for deal sourcing, securing deals and portfolio management. With Edition’s heritage founded so firmly on the consumer experience, its investments are firmly underpinned by the Experience Economy.
\n“It’s here to stay and guides everything we do,” says Lisa. “People are increasingly more interested in doing things that they love, which have values, ahead of buying products.”
\nAccording to McKinsey & Company, the criteria to success within the Experience Economy can be broken down into five pillars: loyalty and advocacy; having multiple revenue streams; strength of real estate; barriers to entry; and portability to new markets.
\nHarnessing the Experience Economy approach has enabled Edition to build a range of investments within immersive venues which are significant in breadth, yet each strikingly different from others in the portfolio; and all are experience driven at their core: Hotpod Yoga, Snowboxx, Crystal Maze Live to name a few, and most recently a £5million investment into Incipio Group, which transforms unused spaces into ‘social venues’ focused around food and drink.
\n“All the sites look amazing,” Lisa says of Incipio, “Their social media following is huge. I came across them through my Instagram and Facebook feeds and thought I had to get in touch. Each summer and winter they change the interiors and regularly change the restaurants. It creates great fresh content and additional PR.”
\nThe Incipio founders, Lisa says, have incredible vision, and as with all investees Edition wants to ensure this creativity is never lost: “Once you’ve lost that magic it’s very hard to get it back.” This influences Edition’s approach to its investments, and its relationship with founders: “As investors we want to be reasonable,” Lisa says. “We try not to put targets to open X amount a year, as we want investees to take it at the speed it needs to go. We’re fortunate that we often invest at an earlier stage than others, so there’s more flexibility to find the right path.”
\nOperationally, Lisa suggests Edition are less creatively involved than other investors may be, which she feels that with the majority of the team having trained as chartered accountants they are more involved with managing the finances, as opposed to focusing on other areas such as proposition, service and the customer: “We will always give input and thoughts and we will have experienced everything we’re invested in several times, but we’re not telling people what they should be doing on those elements. Our input is much more on the finance side because with these businesses the cash has to be managed so tightly – it can so quickly spiral and get away from you.”
\nLisa feels that the concept of ‘authenticity’ has transformed how brands can best create value over the past five years, and is now central to a consumer’s emotional engagement with a brand: “There’s so much more choice, loyalty is increasingly sought after, so being able to create value in that sense is incredibly important because people now care a lot about how their personal values align with a brand.”
\nAdditionally, Edition Capital has developed an Advisory capability alongside its investment capability, which enables the team to be involved in businesses at an earlier stage than they otherwise might: “The majority of our portfolio is at a later stage but the Advisory division can act as a feeder. People may come to us for advice who may not be ready for investment, but it’s a good way to develop a longstanding relationship and test if you will work well as a team or not. It builds trust and teams come to view you early-on as part of the family.”
\nEdition’s focus on the finance side of its portfolio is clearly understood by investee teams. This enables the founders to maintain focus on what originally brought them success, as Lisa feels losing sight of this is one of the biggest risks when scaling up: “With the creative people who started the business and had these amazing ideas, their focus should be on maintaining that creativity, so if we can help on the finance side, as well as growth and how to instil best practices, essentially ensuring everything is running smoothly in the background, they have the freedom to focus on the magic they can bring to the business.”
",id:"3913"},{title:"Incipio open new venue Lost in Brixton",featureImage:[{title:"Incipio brixton",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/incipio-brixton.jpeg"}],postsCategories:[{title:"News",id:"261"}],slug:"incipio-open-new-venue-lost-in-brixton",postDate:"2019-08-01T11:36:00+01:00",bodycopy:'We are excited to announce the launch of Incipio Group’s new venue, Lost in Brixton. Lost in Brixton is a jungle-themed roof terrace above Brixton village, that uses an innovative app to connect local food vendors to your table. The venue has an alfresco dancefloor and Latin-inspired cocktails.
\nThe bar is located on an area of the market’s rooftop which had previously been concealed from public. It is accessible via a hidden staircase in Brixton Village, and features a retractable roof, brick railway arches and jungle-inspired greenery.
\nDrinks on offer include a Latin American-inspired cocktail menu, a selection of 16 summer spritzers and beer from local favourite Brixton Brewery.
\nPicture: [Brixton site pic]
',id:"218"},{title:"Social Pantry announce new site, Crane’s Kitchen",featureImage:[{title:"Social Pantry 3 tile",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Social-Pantry-3-tile.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"social-pantry-announce-new-site-cranes-kitchen",postDate:"2019-05-25T12:42:00+01:00",bodycopy:"We are pleased to announce a new site launch by Social Pantry. Crane’s Kitchen, at the South London Gallery, is a contemporary neighbourhood café-restaurant serving well-sourced, seasonal and of course delicious food in the heart of Peckham’s creative hub.
\nCrane’s Kitchen is the fifth site by Social Pantry, following the opening of Soane’s Kitchen earlier this year. The venue will be available for all day dining, and private event hire.
",id:"234"},{title:"Edition invests in Whistle Punks",featureImage:[{title:"Edition whistle punks",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/edition-whistle-punks.jpeg"}],postsCategories:[{title:"News",id:"261"}],slug:"edition-invests-in-whistle-punks",postDate:"2019-04-18T12:45:00+01:00",bodycopy:"Urban axe-throwing operator Whistle Punks has secured investment from Edition Capital to aid further growth. Whistle Punks, which offers the opportunity to throw axes for fun, currently operates sites in London, Manchester and Birmingham and has secured £1.5m of new investment that will enable the business to expand across the UK as the popularity of alternative sports and experiential leisure continues to rise.
\nThe company, which was founded by John Nimmons and Jools Whitehorn in 2016, plans to open a site in Bristol this summer with a further venue in London planned to launch before the end of the year. The business has applied to Bristol City Council to open a site in All Saints Street that was formerly occupied by nightclub Panache, which closed in 2011. Whistle Punks sees groups take part in axe-throwing tournaments guided by throwing coaches. Participants rack up the highest score by hitting bull’s-eyes while socialising between rounds.
",id:"246"},{title:"The Crystal Maze Live reopens in London’s Picadilly",featureImage:[{title:"Crystal maze piccadilly",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/crystal-maze-piccadilly.jpeg"}],postsCategories:[{title:"News",id:"261"}],slug:"the-crystal-maze-live-reopens-in-londons-picadilly",postDate:"2019-03-29T11:44:00+00:00",bodycopy:"Opening on Shaftesbury Avenue and just a couple of paces from Piccadilly Circus, the Crystal Maze Live will reopen with a host of new faces set to take you around the maze and test your ability.
\nThe new Experience, still based on the iconic 90s TV show, replaces the Islington edition and is bigger than ever at 30,000 sqft. It will feature 32 brand new games across the four zones - Aztec, Medieval, Future and Industrial. The aim is to complete the puzzles as quickly as possible to win crystals, with a maximum of 16 available.
",id:"242"},{title:"The Little Yellow Door returns to Notting Hill",featureImage:[{title:"Little yellow door notting hill",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/little-yellow-door-notting-hill.jpeg"}],postsCategories:[{title:"News",id:"261"}],slug:"the-little-yellow-door-returns-to-notting-hill",postDate:"2019-03-29T11:43:00+00:00",bodycopy:'We are delighted to announce that The Little Yellow Door is returning to Notting Hill this weekend. The All Saints Road venue swings open to a quirky living room filled with mismatched furniture and contrasting colours, while downstairs, The Flatmate’s Den, is where you’ll find the after-party fully equipped with games. From backgammon to poker tables and even a music corner with instruments in case you want to show off any secret talents.
\nPrepared in the open plan kitchen, The Little Yellow Door sees a monthly changing menu with two of the flatmates holding a cook off to showcase their national cuisine. Comfort flows through the dishes, including options such as pork belly and peanut bao buns, burgers smothered in Swiss cheese and truffle mayo, toasts topped with steak tartare, as well as Sunday roasts ready to cure any lingering hangovers.
',id:"238"},{title:"Edition invests in Social Pantry",featureImage:[{title:"Social Pantry 5 tile",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Social-Pantry-5-tile.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"edition-invests-in-social-pantry",postDate:"2019-03-15T11:47:00+00:00",bodycopy:'Social Pantry, the London-based operator and events caterer, has revealed its growth plans having secured £1.1m from Edition Capital. Founded in 2011 by Alex Head, Social Pantry will use the funds to open sites, expand its events business and further its social reform campaigns. Since founding Social Pantry, Head has worked directly with London prisons and charities that “connect with the values of the business”, including offering job opportunities to ex-offenders, assisting with their rehabilitation and equipping them with the skills to succeed. Head is also an ambassador for charity Key4Life, which rehabilitates young offenders, while Social Pantry also works with Bad Boys Bakery, a social enterprise inside HM Prison Brixton, and Switchback, a London-based rehabilitation charity. Currently, 10% of Social Pantry’s workforce is made up of former offenders.
\nSocial Pantry plans to open sites in addition to the seven it currently operates in London. Head said: “This investment will allow us to further realise our ambitions in terms of growing the business to reach new markets and helping more people turn their lives around through work opportunities in the hospitality industry.”
In the not-too-distant past, whilst working on a potential IPO of a live music operator, I pitched to a large investment fund. Following an in-depth pitch on the growth of the company and the sector as a whole, the fund grandee leaned back in his chair and asked only one question – “What happens to all of the heroin needles after the shows?”. Despite explaining the sector had changed and that artists were now far more focused on image rights and licensed merchandise sales than in perpetuating the stereotypes of their forebears, the rock’n’roll image of live music still lingers in certain quarters today. Seen as an industry led by ‘musos’ and without the professionalization which had transformed the recorded music industry it had traditionally struggled with image problems and been shunned by professional investors.
\nHappily however, as the industry has adapted so has the attitude of professional investors. The collapse of recorded music revenues in the early 2000s led to a restructuring of the business model for artists. Albums ceased to be the principle source of revenue but became launch pads for new global rolling tours – some of which last for years. Ed Sheeran’s ÷ tour started in 2017 and has already grossed more than half a billion dollars. The festival sector exploded as the increase in artists touring every year gave them more choice in lineups and allowed them to attract new consumers.
\nHand in hand with this huge increase in scale, a wide range of businesses shifted from being small cottage industries into larger, more professional outfits. This professionalization, along with the unprecedented growth in revenues has helped to shift perceptions for larger investors and seen a flood of new money coming into the sector.
\nMuch of the funding moving into this sector is being used for consolidation. The majority of festivals and live venues are still small compared to the industry behemoths which stage thousands of concerts and generate revenues in the billions of dollars. Increasingly the benefits of consolidation, and vertical integration within a company have become clear. Live Nation is the prime example. Its rapid acquisition of venues, promoters and festival brands have helped it establish a presence in every key market, but it is its integration of ticketing (through Ticketmaster) that has unlocked value for the business.
\nWith increasing demands from artists for ever higher fees, as well as competition for market share, there is a persuasive logic for small live music businesses to consider being part of a larger collective and sharing the resources of that network. It is increasingly unreasonable for standalone venues or festivals to compete for global sponsorship revenues from multinational brands unless they can negotiate collectively. Likewise, they cannot devote significant capital to develop new ticketing, cashless or tech solutions on their own. This dynamic means that there is a new ceiling in how large a business can become without significant external funding or looking to become part of a larger group.
\nIt isn’t a straightforward decision for the owners of those businesses, once they reach that ceiling. Often, they have run their company without reference to a large board or other owners for several years or even decades and taking on new professional investors or becoming part of a larger investor backed group isn’t without its pitfalls. Understanding the ethos of the acquirer or investor is paramount. Do they share your vision for the business in the future? Are you comfortable in working collaboratively with a board? These are all questions that need to be considered carefully when deciding on a partner. My fear is that owners will see the money but not consider the impact and that both sides will end up paying the price.
\nAt Edition, we continue to believe that live music will see exceptional growth and remain an active investor in this sector. We look for businesses that have already developed a compelling product, but that need that additional financial firepower to push on through to the next level and to that end have deployed over £20m into leisure and entertainment businesses since 2017 through our Edition EIS fund. We believe that the UK will continue to punch well above its weight in developing world famous talent and brands, and therefore we will continue to look to invest in UK based firms that can benefit from the underlying trends set out above and our experience in running live music companies means we can understand both sides of the transaction.
\nThis article was originally published in edition 82 of IQ Magazine. Click here to visit.
',id:"3903"},{title:"Hotpod Yoga opens new studio in Belgravia",featureImage:[{title:"Hotpod yoga belgravia",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/hotpod-yoga-belgravia.jpeg"}],postsCategories:[{title:"News",id:"261"}],slug:"hotpod-yoga-opens-new-studio-in-belgravia",postDate:"2019-02-20T12:41:00+00:00",bodycopy:'Hotpod Yoga announce their latest studio in Belgravia. The studio is situated down a pretty mews, just a short walk away from Victoria station.
\nBelgravia is Hotpod Yoga’s sixth London studio. Hotpod Yoga is all about yoga for real life, meaning it\'s suitable for all abilities. The yoga routine has an amazing pace and flow, and the immersive pod is heated to a heavenly 37-degrees to make you sweat.
',id:"231"},{title:"Edition shortlisted for best newcomer at EISA Awards",featureImage:[{title:"EISA Logo small",url:"https://d7s91s1zzpua0.cloudfront.net/EISA-Logo-small.jpg"}],postsCategories:[{title:"News",id:"261"}],slug:"shortlisted-for-best-newcomer-at-eisa-awards",postDate:"2019-01-19T12:49:00+00:00",bodycopy:"We're delighted to announce that we've been nominated for this year's Enterprise Investment Scheme Association (EISA) Award for Best Newcomer. The presentation is at the Chairman’s Reception at the House of Lords on 7th February, and we're honoured to be among a host of talented and inspiring nominees.
",id:"256"}]},newsCategories:{readyStatus:"NEWS_CATEGORIES_INVALID",err:null,content:[]},navigation:{readyStatus:"SITE_SETTINGS_SUCCESS",err:null,content:{data:{globalSets:[{handle:"investorModal",investorModalTitle:"Important Information",investorModalBodycopy:"Investments of this type carry risks to your capital and are illiquid in nature. Tax reliefs depend on individual circumstances, may be subject to change and depend on the investee companies maintaining their qualifying status. Investments should only be made on consideration of the full Information Memorandum and the detailed risk factors contained therein.
",investorModalButonText:"I agree",investorModalMessage:"Please make sure only one option is selected.",investorModalContent:[{itemTitle:"I am a High Net Worth Investor",id:"4603",bodaycopy:"I make this statement so that I can receive promotional communications, which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:
\nI accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from an authorised person who specialises in advising on non-mainstream pooled investments.
",checkboxLabel:"I acknowledge the risk statement and accept the terms and conditions"},{itemTitle:"I am a Financial Advisor",id:"4604",bodaycopy:null,checkboxLabel:"I confirm that I am an Independent Financial Advisor authorised and regulated by the Financial Conduct Authority. I accept the terms and conditions"},{itemTitle:"I am a Self-Certified Sophisticated Investor",id:"4605",bodaycopy:"I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:
\nI declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:
\nI accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.
",checkboxLabel:"I acknowledge the risk statement and accept the terms and conditions"},{itemTitle:"I am a Restricted Investor",id:"4606",bodaycopy:"I make this statement so that I can receive promotional communications relating to non-readily realisable securities as a restricted investor. I declare that I qualify as a restricted investor because:
\nNet assets for these purposes do not include:
\nI accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from an authorised person who specialises in advising on non-readily realisable securities.
",checkboxLabel:"I acknowledge the risk statement and accept the terms and conditions"}]},{handle:"navigationFooter",socialMediaNavigation:[],navigationList:[{navigationLabel:"T&Cs",id:"1827",entry:[{slug:"termsconditions",id:"11"}]},{navigationLabel:"Privacy Policy",id:"1828",entry:[{slug:"privacy",id:"13"}]},{navigationLabel:"Cookies",id:"1829",entry:[{slug:"cookies",id:"15"}]},{navigationLabel:"FCA",id:"1830",entry:[{slug:"fca",id:"17"}]},{navigationLabel:"ICAEW",id:"2082",entry:[{slug:"icaew",id:"19"}]}]},{handle:"navigationMain",navigationList:[{navigationLabel:"About",id:"1822",entry:[{slug:"about",id:"5"}]},{navigationLabel:"Investment",id:"1823",entry:[{slug:"investors",id:"9"}]},{navigationLabel:"Portfolio",id:"6598",entry:[{slug:"portfolio",id:"1777"}]},{navigationLabel:"Team",id:"1824",entry:[{slug:"team",id:"1729"}]},{navigationLabel:"News",id:"1826",entry:[{slug:"news",id:"1780"}]},{navigationLabel:"Contact",id:"1825",entry:[{slug:"contact",id:"7"}]}]},{handle:"siteSettings",contactAddress:'Edition Capital
3rd Floor, 146-148 Clerkenwell Road,
London, EC1R 5DG
020 3145 1851
enquiries@editioncapital.co.uk
Want to learn more about our services, or find out how to invest?
Call us on 020 3145 1851, or email enquiries@editioncapital.co.uk
Risk summary for non-readily realisable securities which are shares
\nEstimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
\nWhat are the key risks?
\n1. You could lose all the money you invest
\n• If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail.
\n2. You are unlikely to be protected if something goes wrong
\n• Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. Try the FSCS investment protection checker here. https://www.fscs.org.uk/check/investment-protection-checker/
\n• Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it. Learn more about FOS protection here. https://www.financial-ombudsman.org.uk/consumers
\n3. You won’t get your money back quickly
\n• Even if the business you invest in is successful, it may take several years to get your money back. You are unlikely to be able to sell your investment early.
\n• The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common.
\n• If you are investing in a start-up business, you should not expect to get your money back through dividends. Start-up businesses rarely pay these.
\n4. Don’t put all your eggs in one basket
\n• Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well.
\n• A good rule of thumb is not to invest more than 10% of your money in high-risk investments. https://www.fca.org.uk/investsmart/5-questions-ask-you-invest
\n5. The value of your investment can be reduced
\n• The percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares.
\n• These new shares could have additional rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment.
\nIf you are interested in learning more about how to protect yourself, visit the FCA’s website here. https://www.fca.org.uk/investsmart
'}]}}},post:{readyStatus:"INCIPIO-ANNOUNCES-INVOLVEMENT-IN-THE-OLYMPIA-DEVELOPMENT_POST_SUCCESS",err:null,content:[{title:"Incipio announces involvement in the Olympia development",author:{fullName:"Lisa Boden Shah",photo:{url:"https://d7s91s1zzpua0.cloudfront.net/users/lisa-boden.jpeg",title:"Lisa boden",id:"2107"}},postsCategories:[{title:"News",id:"261"}],featureImage:[{title:"2024 March TU",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/2024-March-TU.jpg"}],slug:"incipio-announces-involvement-in-the-olympia-development",postDate:"2024-04-24T10:10:00+01:00",bodycopy:"Come Summer 2025, this Edition EIS portfolio company will be able to include their 39,000 sq ft Olympia venues on the same prestigious list that features The Libertine, Palm House, and Pergola on the Wharf.
In classic Incipio style, we expect it to to be a destination for culture, creativity and entertainment, and we can't wait to see how it looks once completed.