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10/21/15

Cosgrove Hall
40 years of success

Our Past

Our past

Our Present

Our Present

Funding Pip!
The budget to make 52 x 11 minute
episodes was 5.1 million

The man behind


the credits!

The CHF Media Fund

The CHF Media Fund

*Tax relief will depend on individual personal circumstances


and may be subject to change in the future.

Walt Disney

The Creative Commercial Committee

Creative
Producer
Director
Composer
Human Resource
Finance
Distribution
Toyeticness
Licensing

How a show can make money


Global broadcast licenses
Toys and merchandising
Education material
Computer games/apps
Music
Books/comics
Club membership
Live shows
Theme parks

Potential
Danger Mouse was watched by over 21 million viewers
Jakers generated over $18 million in global broadcast sales
Thomas and Friends has produced over
200 million in merchandising sales
each year for the last 14 years
Bob the Builder has brought in over
$4.5 billion in revenues since 1999
Peppa Pig generates 150 times its
original production budget in
merchandising sales every year
in the UK alone
* Source: Company Sources

Key Features
Up to 50% Income Tax Relief*
100% Investment Allocation
Up to 5% Adviser Charge (any combination)
3 to 5 year exit Strategy
Studio Tours, Unique Material, Privileged Access

*Tax relief will depend on individual personal


circumstances and may be subject to change in the
future.

Key Risks
Liquidity
Production overrun
Audience appetite
Merchandise Sales
Talent issues Actor/Actress

For details of all key risks please refer to the information


memorandum

Sir David Jason OBE

Sir David Jason OBE

Questions

10/21/15

22

A Golden Opportunity to Invest in


Film & Media

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

Our Vision
Goldfinch Entertainment represents a
gold standard in entertainment and
media investment.
Structuring each in a bespoke manner,
selecting only the most commercially
appealing with the best returns.
Revolutionising film and media
investment.

Goldfinch Entertainment

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

Goldfinch

Goldfinch Entertainment was founded in


January 2014 with the backing of leading
independent Entertainment accountants
Nyman Libson Paul.

Acting as Executive Producers on all


projects.

Raised and deployed over 25 million to our


projects across the Film, TV, Kids TV,
Animation, Video Games and Theatre
sectors.

Maximising revenues.

Variety of Investment Vehicles.

Industry leading personnel.

Goldfinch Entertainment

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

Our Leadership Team

Goldfinch Entertainment is backed by


Nyman Libson Paul; Chartered
Accountants, Tax and Business Advisors
to the Entertainment Industry for over
80 years.

Kirsty Bell, MD and Founder, is both a


successful film producer and a tax
specialist who has spent much of her
career at top-ten accountancy firms.

Founded in 1933

Raised over 100m for the industry.

Traditional accountancy services plus


much broader commercial, tax and
financial management advice;

Among her many credits, Kirsty


produced the 2013 feature film
Harrigan,

Underpinned by vast experience and


knowledge of the Entertainment
Industry.

First-hand knowledge of film


production and experience in all
aspects of film finance

Experts in processing and claiming


Creative Industry Tax Relief (CITR)

Goldfinch Entertainment

Focus on structuring film companies

Joel Newman, Chairman, Joined NLP


in 1991 and is the current Managing
Partner of the practice.
Led the practice to its position as an
industry leader within the UK
entertainment
Director and founding member of The
Movies Begin ltd.
Associate of the Chartered Institute of
Taxation and a Member of the Faculty
of Taxation of the Institute of
Chartered Accountants.

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

Why Invest in Film &


Media?

Creative industries are now worth 76.9 billion


a year to the UK economy.

UK entertainment industry is predicted to grow


annually by 3.1% until at least 2018.

Demand for British television and film content


is high across the globe.

2015 has been a dramatic year for British video


game producers.

UKs position as the global theatre capital is


ongoing.

UK government support of the sector every


increasing.

Goldfinch Entertainment

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

Why Invest in Goldfinch?

Demand for tax-efficient investments is growing.

1.5bn in 2013-14 was invested in EIS alone.

Very few alternatives for Government backed tax


planning.

EIS & SEIS fully Government approved in plain


vanilla format further commitment in Budget
announcement.

Insurance backed Goldfinch EIS provides option for


previous Solar investors

Track record of raising 25 million to date.

Industry leading team from tax, finance, and


entertainment backgrounds.

High quality pipeline and projects delivering returns.

Goldfinch Entertainment

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

Our Fundamentals
Industry leading team and experience.
Strict criteria for projects to be taken on.
Innovative structuring.
Investors sit in first position in many cases and
if not their position is NOT marginalised
Where appropriate HMRC Advanced Assurance
will be attained and the projects may be
Government backed through the UK CITR to
minimise investor risk.
Projects chosen for their commercial potential.
DIstribution is at the centre of all decisions
made.
Transmedia approach to maximise project
revenue.
Holistic service from project inception to
distribution.
Organic growth of Goldfinch through key
collaborative partnerships.

Goldfinch Entertainment

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

OUR
PRODUCTS

EIS

Flagship EIS investment vehicle, Goldfinch I, has been


created to support the production and distribution of a
number of film and television projects.

Goldfinch I focuses on sales advances acting a sales


agent and distributor.

Last in, first out policy for investors.

70% of the project's investment is underwritten by UK


Creative Industry Tax Credits and/or pre sale
agreements,

Allenbridge describing the company as Low Risk.

Stand-alone EIS projects.

Also a number of our SEIS projects that have chosen to


raise more than their 150k limit and thus morph into
an EIS investment opportunity.

Goldfinch Entertainment

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

OUR
PRODUCTS

Insurance Backed EIS


Goldfinch Completion and Goldfinch
Distribution
The FT Adviser even went as far to say Could
films present the next EIS solution? (FT Adviser
17.11.14).
70% of the invested amount is insured through
a specialist media insurer direct with the
Producer, and with investors claiming their 30%
income tax relief on top of this investor's
capital risk can be effectively reduced to zero.
The return for investors is estimated at 125%
over three years, excluding tax relief.

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Goldfinch Entertainment

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

OUR
PRODUCTS

SEIS
SEIS companies can raise up to 150k with generous
income tax, capital gains and inheritance tax relief for
investors as in the summary below. We have a wide
range of SEIS projects covering all the entertainment
sectors, many genres, and a varying returns for
investors.

11

All projects are chosen for their commercial


promise and tangible end product; we do not
create SEIS companies that are merely black holes
and development funds.

Goldfinchs wide range of SEIS companies means


that there is not only something for all tastes, but
that investors risk can be spread across many of
them in a portfolio style approach.

Our SEIS companies either provide the full finance


for smaller budget productions, or can be a part of
a jigsaw of finance put together for a project that
can include various soft money sources and
private investors.

Goldfinch Entertainment

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

OUR
PRODUCTS

SEIS Fund
As stated above our range of SEIS companies lends itself to a portfolio
approach for investors or IFAs, however for those wishing to benefit from
this approach but executed and managed by an experienced fund
manager can now invest in our Goldfinch SEIS Fund managed by Kin
Capital.
The main benefit of this as with normal SEIS investment is the 50%
income tax relief and other tax benefits although the fund delivers this
with a diverse portfolio of entertainment sector businesses. Other key
features of our fund include:

Strong investment pipeline (adviser funded 34 SEIS projects in


2014)

Low investment minimum & costs relative to other SEIS Funds

Retail investors return of capital prioritised over other investors

It should also be noted that the fund will be allotting shares throughout
the current tax year. It is therefore possible to invest and offset the
income tax benefits against the 2014/15 tax year through the use of SEIS
carry back. More information on how this is possible is available here on
the gov.uk website;
www.gov.uk/seed-enterprise-investment-scheme-background.
ForGoldfinch
more Entertainment
information on Kin Capital visit their website at
www.kincapital.co.uk.

13

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

EIS & SEIS Summary


Benefits
EIS

SEIS

Income
Tax Relief

30p for 1 invested

50p for 1 invested

CGT Relief

28p for 1 invested - deferred

14p for 1 invested

IHT Relief

Business Property Relief; after 2 years the investment sits completely outside
your estate

ROI

Each project is different ranging from 10-75%*

Potential
Investor
Benefits

14

Goldfinch Entertainment

Film premieres, VIP treatment, attend film festivals, Exec producer credits
available,
involvement in development process, meet the cast and crew, appear as an
extra,
exclusive previews, pre-release screenings

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

Projects of Note
Goldfinch XX - Under Milk Wood (Captain Cat Limited)
Goldfinch XVI - KidsCave Entertainment
Goldfinch XVII - Burn Burn Burn
Goldfinch XXXV - Three Headed Eagle Limited
Goldfinch L - The Eichmann Show
Goldfinch LIII - Building Jerusalem

Goldfinch L - The Eichmann Show

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Goldfinch Entertainment

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

What People Have Said...


HMRC :
Gold
Medal

Allenbridge
:
Low Risk
for EIS

16

Goldfinch Entertainment

Coutts:
The Gold
Standard

EISA Awards :
Best Newcomer
Shortlisted 2014

Growth Investor
Awards : Industry
Game Changer
Shortlisted 2015

Goldfinch Entertainment

A Golden Opportunity to Invest in Film & Media

Key Points
Completely unique
Something to suit all
investors
Healthy returns
Expert team

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Goldfinch Entertainment

10/21/15

38

COULD YOUR CLIENTS BE MAKING


MORE USE OF BUSINESS
PROPERTY RELIEF?

39

For professional advisers only and should not be relied upon by retail clients

TAX EFFICIENT INVESTING WITH OXFORD CAPITAL


BACKGROUND

Oxford Capital has been managing tax efficient investments since 1999.

Partnership owned.

40 employees split between head office in Oxford and London.

Managing assets in excess of 300m.

Two core investment strategies Growth and Infrastructure.

Experienced investment teams with proven track records.

40

TAX EFFICIENT INVESTING WITH OXFORD CAPITAL


INVESTMENT EXPERTISE
Investment
Strategy

Growth

Infrastructure

Client
Motivation

Potential for
investment
return

Tax planning investment

Offering

41

TAX EFFICIENT INVESTING WITH OXFORD CAPITAL


THE OXFORD CAPITAL JOURNEY
Investor Support

Advisor Support

Dedicated investor services team.


Efficient and timely management of EIS3
certificates.
Semi-annual cash statements and annual
audited valuation reports.
Annual investor reporting event for each
investment strategy.
Online support via Oxford Capitals Investor
Centre.

Business development support, including


workshops with professional partners /
introducers and joint presentations to clients.
CPD qualifying workshops on how BPR and
EIS can be integrated into holistic wealth
planning.
Regular updates (face-to-face, webinars,
conference calls) on offerings.
Dedicated investor services team.
Parallel reporting.
Online support via Oxford Capitals Investor
Centre.

42

AGENDA

43

UNDERSTANDING THE IHT PROBLEM

WHAT IS BUSINESS PROPERTY RELIEF AND WHERE DOES IT FIT?

IDENTIFYING SUITABLE CLIENTS

DESIGNING A CLIENT RECOMMENDATION

UNDERSTANDING THE IHT


PROBLEM

44

BPR BACKGROUND
UNDERSTANDING THE IHT PROBLEM

Assets in excess of 325,000 (the nil rate band) subject to IHT at 40%.

The nil rate band is frozen at this level until 2020/21.

New main residence nil rate band proposed from April 2017.

Over 3.4bn collected by HMRC (2013/14).

Generally regarded as a voluntary tax.

As asset values recover, the problem will only get worse.

Ageing population.

45

BPR BACKGROUND
THE IMPACT OF AN AGING POPULATION

46

Number of the UK residents aged 65


and over is 11.1m (representing
17.4% of the population).

This age group has increased by


17.3% in ten years.

Males over 75 up 26% (women up


6%).

Source ONS 2012.

BPR BACKGROUND
RISING HOUSE PRICES
Region

5 years
ago

Current
value

% change

London

524,300

672,500

28.3%

North

228,900

233,800

2.1%

Yorks &
Humb

223,400

260,100

16.4%

N. West

251,100

267,700

6.6%

E.
Midlands

206,700

247,200

20%

W.
Midlands

266,600

249,400

6.9%

E. Anglia

237,000

299,200

26.2%

S. East

377,400

490,400

29.9%

S. West

345,600

377,400

9.2%

Scotland

257,000

253,300

-1.4%

UK
average

290,200

323,100

11.3%

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The average detached house is now


valued at 323,100 (or 99.4% of the
nil rate band).

House prices are up, on average


11%, in five years.

In London and the South East, prices


have increased by almost 30%.

Source: Halifax Property Index


Q3 2014.

BPR BACKGROUND
ESTATES PAYING IHT EXPECTED TO DOUBLE

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The number of estates paying IHT is


expected to double.
Over the next five years 236,000
estates are expected to be subject
to IHT.
By 2018/19, almost 10% of estates
will be subject to IHT.

Tax year

Proportio
n of
deaths
subject
to IHT
(%)

Deaths
(000s)

Number
of deaths
subject
to IHT
(000s)

2013-14

4.8

548.7

26.2

2014-15

6.5

547.9

35.9

2015-16

8.0

547.6

43.8

2016-17

9.0

548.0

49.1

2017-18

9.6

549.0

52.7

2018-19

9.9

550.6

54.5

Source OBR
2013.

BUSINESS PROPERTY RELIEF (BPR)


BACKGROUND

49

BPR BACKGROUND
HISTORY OF BPR

Introduced by Finance Act 1976.

Designed to prevent a business having to be sold to pay IHT.

Provided as a statutory relief, it offers non-contentious tax savings.

Relief available at up to 100%, depending on asset.

Increasingly used as a wealth management solution.

50

BPR BACKGROUND
THE THREE PILLARS OF ESTATE PLANNING
ESTATE PLANNING

Solutions that utilise BPR

51

Lifetime gifting

Creating a fund to pay


the IHT liability

BPR BACKGROUND
KEY BENEFITS
FLEXIBILIT
Y

Access and control retained.

AVAILABILI
TY

Can accommodate a change in circumstances.

SIMPLICIT
Y

No complex trust structures or medical underwriting.

TIMELINES
S

IHT benefits are achieved after just two years and if held on
death.

52

BPR BACKGROUND
THE PROBABILITY OF SUCCESS

Few estate planning solutions are effective immediately.

Gift based solutions typically take seven years to be fully effective.

BPR solutions provide freedom from IHT after just two years.
Male

Female

Current age

Life
expectancy

Probability of
surviving two
years

Probability of
surviving
seven years

Life
expectancy

Probability of
surviving two
years

Probability of
surviving
seven years

65

18

97%

89%

20

98%

92%

70

14

96%

82%

16

97%

88%

75

11

93%

71%

12

95%

79%

80

88%

55%

91%

64%

85

80%

34%

84%

44%

90

68%

17%

73%

23%

95

53%

0%

58%

0%
Source: Office for National Statistics

53

IDENTIFYING SUITABLE CLIENTS BPR PLANNING IDEAS

54

BPR PLANNING IDEAS


SUMMARY
Accelerated Estate Planning
Starting the Journey - Reducing the Costs of Estate
Restructuring
Lifetime Gifting Making Transfers Into Trust in Excess of the
Nil Rate Band
BPR as a Trustee Investment Managing the Periodic Charge
Mental Capacity Powers of Attorney
Exit Planning for Business Owners
Death Bed Planning Its Never Too Late
The Holy Trinity
55

LIFETIME GIFTING MAKING


TRANSFERS INTO TRUST IN EXCESS
OF THE NIL RATE BAND

56

LIFETIME GIFTING
A SIMPLE EXAMPLE
Value of transfer

428,000

Transfers into a relevant property


trust are chargeable lifetime
transfers (CLT), with amounts in
excess of the available nil rate band
subject to tax at 20%.

Where the person making the gift


chooses to pay any liability, the
effective rate of tax increases to
25%.

Less annual gifting exemption


3,000
Value of CLT

425,000

Less, available nil rate band


325,000
Amount subject to tax
Tax due at 20%

57

100,000

20,000

EIS IN ACTION
LIFETIME GIFTING
428,000
Available to gift

58

328,000

100,000

Discretionary
Trust

BPR qualifying
assets

EIS IN ACTION
LIFETIME GIFTING
428,000
Available to gift

428,000

100,000

Discretionary
Trust

BPR qualifying
assets

Option 1
After two
years, transfer
to existing
trust
59

EIS IN ACTION
LIFETIME GIFTING
428,000
Available to gift

328,000

100,000

100,000

Discretionary
Trust (No.1)

BPR qualifying
assets

Discretionary
Trust (No.2)

Option 2
After two
years, transfer
to new trust

60

BPR AS A TRUSTEE INVESTMENT


MANAGING THE PERIODIC
CHARGE

61

BPR PLANNING IDEAS


BPR AS A TRUSTEE INVESTMENT MITIGATING THE PERIODIC CHARGE
Relevant property trusts are
subject to periodic charges every
Value of trust fund
1,325,000 ten years.
Less, available nil rate band
Where the trust assets exceed
the nil rate band available, IHT is
325,000
paid at 6% on the excess.
Amount subject to tax 1,000,000
Capital distributions are added
Tax due @ 6%
60,000
back when determining trust
assets.

62

BPR PLANNING IDEAS


BPR AS A TRUSTEE INVESTMENT MITIGATING THE PERIODIC CHARGE

Value of trust asset not


qualifying for BPR
BPR qualifying trust
assets
Amount subject to IHT
IHT payable @ 6%

63

Without EIS

With EIS

1,325,000

325,000

Nil

1,000,000

1,000,000

Nil

60,000

Nil

MENTAL CAPACITY
POWERS OF ATTORNEY

64

BPR
PLANNING
IDEAS - RESTRICTIONS ON THE ABILITY TO MAKE
POWERS
OF ATTORNEY
GIFTS
Section 12, MENTAL CAPACITY ACT 2005 - SCOPE OF LASTING POWERS OF ATTORNEY,
GIFTS
(1) Where a lasting power of attorney confers authority to make decisions about P's
property and affairs, it does not authorise a donee (or, if more than one, any of them) to
dispose of the donor's property by making gifts except to the extent permitted by
subsection (2).
(2) The donee may make gifts

(a) on customary occasions to persons (including himself) who are related to or connected
with the donor, or

(b) to any charity to whom the donor made or might have been expected to make gifts, if the
value of each such gift is not unreasonable having regard to all the circumstances and, in
particular, the size of the donor's estate.

(3) Customary occasion means

65

(a) the occasion or anniversary of a birth, a marriage or the formation of a civil partnership,
or

(b) any other occasion on which presents are customarily given within families or among
friends or associates.

BPR PLANNING IDEAS


POWERS OF ATTORNEY HOW BPR CAN HELP

No need to make a gift / create a trust.

Assets are registered in the name of the donor.

The donor retains full access to the investment, together with the proceeds.

No need to involve the Court of Protection.

Saving time and money.

Freedom from IHT after just two years.

66

EXIT PLANNING FOR BUSINESS


OWNERS

67

BPR PLANNING IDEAS


EXIT PLANNING FOR BUSINESS OWNERS
RESTORING BPR ON THE SALE OF A BUSINESS

On sale, the proceeds will be in the estate of the client as BPR shelter is lost.

BPR can be restored immediately by investing the proceeds in to BPR qualifying


assets within three years, buying time to consider options and allowing significant
amounts to be transferred into trust without lifetime IHT charges.

68

BPR PLANNING IDEAS


EXIT PLANNING FOR BUSINESS OWNERS
BUSINESS SALE DUE TO ILL HEALTH

What if the client is forced to sell a BPR qualifying business as a result of a terminal
or critical illness? The illness may significantly reduce life expectancy. While sale
may qualify for Entrepreneurs Relief, any gains will be taxed at 10%*.

An investment into an EIS offers a potential solution given it attracts BPR qualifying
status after two years.
Without EIS

With EIS***

1,000,000

1,000,000

CGT payable
immediately*

100,000

Nil

Proceeds net of CGT

900,000

1,000,000

IHT arising on death

360,000

Nil**

Balance passing to
beneficiaries

540,000

Gain on sale of
business

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1,000,000

*Assumes sale qualifies for Entrepreneurs Relief at 10%.


**Subject to meeting qualifying criteria.
***Income tax relief of up to 300,000 could also be claimed.

DESIGNING A CLIENT
RECOMMENDATION

70

DESIGNING A CLIENT RECOMMENDATION


OVERVIEW OF CLIENT OBJECTIVES

Freedom from IHT in the near term

Typically seeking capital preservation

A desire to balance the need for access with the opportunity to achieve a real return

Flexibility to accommodate a change in circumstances

The ability to access capital, either as a lump sum or a regular income

71

DESIGNING A CLIENT RECOMMENDATION

BALANCING RISK WITH THE NEED FOR INVESTMENT RETURNS

Many clients will be risk averse

Diversification at an asset level can help manage specific risk

Consider spreading the investment across a number of providers

Important to achieve a blend of liquidity options in order to allow the required level
of access whilst also providing the potential for returns.

72

DESIGNING
A CLIENTWHEN
RECOMMENDATION
CONSIDERATIONS
ASSESSING A CLIENTS NEED FOR

ACCESS

Not all clients will have the same need for access

Arranging a suitable contingency fund remove the need to redeem investments at


least in the short term

A diversified portfolio can offer a range of access options

High level of access can impact on potential returns

Many clients who request higher levels of access rarely utilise it.

73

DESIGNING A CLIENT RECOMMENDATION

STRUCTURING THE INVESTMENT


Immediate:

Review accumulation or income options

Need to consider the clients tax position

Determine frequency of any withdrawals

Should the application be in joint or single names

Future:

Consider how the clients circumstance may change over time

Will this necessitate rebalancing a clients portfolio?

What are the costs and tax implications of making changes?

74

ESTATE PLANNING SERVICE

75

ESTATE PLANNING SERVICE


SUMMARY

76

Client motivation

Tax planning investment.

Strategy

Discretionary investment
management service
investing in companies that
qualify for BPR. Focus on
capital preservation.

Structure

Subscriptions invested in
one or more holding
companies depending on
portfolio selected.

Configurability

5 investment options,
offering the choice of
access, income and growth.

Flexibility

Ad hoc and/or regular


access to capital, the option
of a regular income, plus
opportunity to switch option
if circumstances change.

Subscriptions

Minimum of 50,000.
Minimum for top up
25,000. Subscriptions are

ESTATE PLANNING SERVICE


UNDERSTANDING THE INVESTMENT OPTIONS
CHOICE OF FIVE OPTIONS
Investment
Option

Target dividend
Income (p.a.)

Income

4%

Target capital
growth (p.a.)

Target access to
capital
6 months

Growth, with
access

3%

1 month

Growth, with
return

5%

6 months

4%

Up to 50% within 1
month, with the
balance after 6
months

2%

6 months

Growth, balanced
access and
return
Growth and
Income
77

2%

Q&A

78

REGULATORY NOTICE
We invest in companies for which there is no established or ready market for their shares. Capital is at risk and
investors should only invest if they can afford to lose their capital.Investment is of a long term and illiquid
nature.Past performance is not a reliable indicator of future results. Any tax advantages associated with investing
are subject to change and depend on the individual circumstances of each investor.
This financial promotion is issued and approved by Oxford Capital Partners LLP (Oxford Capital) 201 Cumnor Hill,
Oxford, OX2 9PJ. Authorised and regulated by the Financial Conduct Authority under number 585981. Applications
for investment in funds/portfolios managed by Oxford Capital may be made only on the basis of the relevant
Information Memorandum and application form, copies of which are available from Oxford Capital. No reliance is to
be placed on the information contained in this document in making any such application. This material is directed
only at persons in the UK and is not an offer or invitation to buy or sell securities. This document is not an offer or
invitation to invest in products managed by Oxford Capital nor does it solicit any such offer or invitation.

79

10/21/15

80

EIS, SEIS and other IHT efficient investments

INHERITANCE TAX PLANNING


October 2015

Disclaimer
For Intermediaries and client discussion purposes only
This Presentation is an exempt financial promotion for the purposes of section 21 Financial Services and Markets Act 2000, by
reason of article 16(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, which has been issued
by Kuber Ventures Limited, an appointed representative of Sturgeon Ventures LLP, which is authorised and regulated by the
Financial Conduct Authority. The presentation has been approved by Sturgeon Ventures LLP
The attention of prospective investors is drawn to the fact that amounts invested in Enterprise Investment Scheme (EIS) Funds
will be committed to investments which are of a long term and illiquid nature and are therefore not suitable for all investors.
Neither the EIS Funds nor the companies in which they invest will be quoted on any regulated exchange or market and,
accordingly, there will not be an established or ready market in participations in the EIS Funds or the underlying investments.
An investment in the EIS Funds will therefore not be easily realisable before maturity.
This Presentation does not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not
authorised or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is
unlawful to make such an offer or solicitation. It is the responsibility of each recipient (including those located outside the UK) to
satisfy itself as to full compliance with the applicable laws and regulations of any relevant territory in connection with any
application to participate in the EIS Funds including obtaining any requisite governmental or other consent and observing any
other formality presented in such territory.
You should be aware that investment values and any income from them may go down as well as up and you may not get back
the amount you originally invested. No person has been authorised to give any information or make any representation
concerning the EIS Funds other than the information contained in this Presentation or in connection with any material or
information referred to in it and, if given or made, such information or representation must not be relied upon. In accordance
with COBS 2.4 of the FCA Handbook the information has been verified to the best our ability. All statements of opinion or belief
contained in this Presentation and all views expressed and statements made regarding future events represent Kuber Ventures
Limiteds own assessment and interpretation of information available to them as at the date of this Presentation.
Kuber Ventures Limited is not a tax adviser and you should independently verify the financial planning strategies outlined in this
presentation

My background

Dermot Campbell APFS


Chartered FCSI

Chief
Executive,
Kuber
Ventures

22 years industry
experience
Snr Client Adviser, UBS
Chartered Financial
Planner
Former Independent
Financial Adviser

Learning Objective

To understand
inheritance tax
efficient investing
using EIS, SEIS, AIM
listed and other IHT
efficient investments.

How do investments qualify for IHT


benefits

Relevant Business Property


100% Business
Relief
Trading businesses

Unlisted cos

AIM listed

Partnership
interests

50% Business
relief
Controlling
interests in
Listed cos

Equipment

Land and
buildings

Non EIS investments with IHT


benefits (BPR portfolios)
Trading
businesses

Relevant Business property includes lower


risk businesses
EIS excluded activities

Liquidity

No established market so not guaranteed


May be a liquidity facility built in
Matching funds
Liquidity reserve
Saleable assets

Interaction with Capital Gains Tax


1st Dec 2015

1st Dec 2012


3 Calendar years

30 Nov 2016

1 year

No CGT on death
N.b. Post death profits subject to CGT

Replacement Property
Date of
death

Look 5 calendar years back


Relevant business
property
Short period of ownership

Cash (not
qualifying)

Relevant business
property
2 years ownership
Portfolio
Investment

Investment

Investment
Investment

Investment

Investment

Investment

Investment

Spend

Cant
Spend

Investment

Replacement Property
Look back 5 years
2 years ownership in 5 years

Must invest all of the proceeds in


replacement investment
OK to pay fees out of proceeds but cant spend
Lots of smaller investments better than 1 big
one

Investment Options
Enterprise Investment Scheme
Unlimited CGT deferral
Maximum income tax claim 300k
- 600k if carrying back
Carry back available for income tax
IHT efficient investments
Formally known as BPR
AIM ISAs
200,000 per annum
Seed Enterprise Investment scheme
100,000 per annum for income tax and CGT
Carry Back

Comparison of investment structures


IHT relief

Liquidity

Valuation post
investment

Income

Other tax
reliefs

EIS

Yes

AIM only

Normally book
cost

Occasionally
but usually no

Income tax
CGT
deferral

SEIS

Yes

No

Could be 0
immediately
post
investment

Unlikely

Income tax
50% CGT
relief

Relevant
property

Yes

Yes with
caveats

Normally book
cost

Normally

None

AIM

Yes

Matched
bargain

Market value

Sometimes

ISAs and
EIS
portfolios

VCT

NO

Yes discounts

Discount to
book cost

Yes tax free


but not
guaranteed

Income tax
only

AIM listed investments


Matched
Bargain
system
Investments
cease to
qualify
Some AIM
investments
do not qualify

No guaranteed liquidity
Order matching service

Promotion to main market

Non trading companies


Too much cash or investments on
balance sheet

Tax Efficient Investing

SUITABILITY CONSIDERATIONS

Multi-Manager Tax Efficient investment Platform


Why a platform for EIS?

KUBER VENTURES LIMITED

Kuber Ventures: platform solution


Cash

Custodian account

Fund Fund Fund Fund Fund

Nominee holds EIS


shares on your behalf

Adding value to your business


Diversification
Due
diligence

Administration
management

Adviser
charging

Funds
under
influence
Operation
al
efficiency

Manager of
managers

Diversification
Tax
structure
Vintage

Sector

Provider/
Manager

Funding
stage
Underlying
company

What next?
Consider opportunities within your client bank
45%
tax
CGT
IHT
LTA

Sols
and
accts

Decide on strategy and carry out due


diligence
Meet
Kuber
Panel
020 7952
6685

Approach potential clients


and introducers
Marketing
CPD
strategy
workshops

www.kuberventures.com

Further information

Helpline
020 7952 6685

Online resources
www.kuberventures.co
m
http://www.theaic.co.u
k
http://www.hmrc.gov.u
k

10/21/15

Mariana
Post Budget
EIS Planning

Disclaimer
This presentation is prepared by Mariana Distribution LLP.
Mariana Distribution LLP is an appointed representative of Mariana
Capital Markets LLP (Mariana) which is authorised and regulated by the
Financial Conduct Authority (FRN 551170).
This presentation has been prepared for information purposes only. It
has not been approved by Mariana as a financial promotion under s21
of the Financial Services & Markets Act 2000. It does not and is not
intended to constitute or form part of an offer, recommendation or
solicitation to buy or sell a financial product.
Any potential investor in a product referred to herein should satisfy
themselves about the terms of the investment, the related risks and its
suitability having regard to their individual circumstances.

102

Agenda
Introduction to Mariana
EIS Refresher
The Government Subsidy Gap
The Mariana Water Turbines EIS
Planning Ideas

103

Who are Mariana?


Initially established as a brokerage firm, Mariana now employ approximately 60 people with
offices in London and San Francisco. As the business has expanded we have developed a broad
range of complementary functions, including:

Interbank broking
Asset Management
Market Strategy
Tax Advisory

Structured Investments & deposits


Tax-efficient Investments

104

Were not alone

Enterprise Investment Partners are the investment manager, advised by Mariana


They have raised over 200 million of funds in the tax-efficient investment space
Established in 2010, the founders have over 25 years experience investing in BPR and EIS
qualifying companies; with a particular focus on EIS
Sector focus on renewable energy and infrastructure

105

EIS Tax Reliefs


1. Income tax relief

Up to 30% income tax relief available on EIS investments of up to 1 million in any tax
year
Also available on 1 million carried back to the previous tax year

2. Unlimited Capital Gains Tax (CGT) deferral

Gains can be deferred that crystallised 36 months prior and 12 months post investment in
to the EIS

3. IHT shelter

EIS companies qualify for Business Property Relief

As long as the shares have been held for 2 out of the last 5 years, and at the time of
death, the value of the EIS investment will be exempt from IHT

106

The Government Subsidy Gap


626 million raised in the 13/14 tax year, with 62% going to renewable energy projects
Since 2011 the most popular EIS qualifying trade has been renewable energy namely
solar and anaerobic digestion
The Government offer favourable subsidies for the production of renewable energy
Budget changes state that any EIS company benefiting from a Government subsidy will no
longer qualify under the EIS rules
388 million opportunity the renewables gap
The Government havent attacked renewables; by 2020 20% of UK energy consumption
must come from renewable energy sources, and there must be a 34% reduction in UK CO2
emissions

107

The Government Subsidy Gap


Why were renewables so popular?
1. Known cost base
The installation and operational costs are fairly well known from the outset
2. Proven technology
Renewable energy projects often involve well-established technology
3. Long term predictable revenue streams
The Government subsidies allowed the EIS company to earn a long-term, RPI linked,
predictable revenue stream, improving:
a) Valuations: Most providers valued these EIS companies on a discounted cash flow
basis. The fact that there was strong visibility over future returns contributed to stable
valuations.
b) Exit: Investors can exit their EIS investment after three years. To provide liquidity,
the renewable energy assets have to be sold to a third party. Banks, pension funds and
renewable energy companies, for example, were attracted to these assets because of
the long-term predictable revenue streams that they generate.

108

Mariana
Water Turbines
EIS

The Mariana Water Turbine EIS


The headlines
Strict capital preservation mandate
Target return of 5-7% per annum
Liquidity after 3 years, with the option to retain
Looking to plug the gap left by budget changes
Mariana have exclusivity over the use of this trade

110

The Mariana Water Turbine EIS


The Trade
EIS companies will own hydro-electric water turbines installed in the UKs water
pipe network
Co-operation of some of the largest water companies in the UK
The natural water pressure in the pipe turns a turbine to create electricity
20+ year PPA (Power Purchase Agreements) are in place which allow the host
utility company to purchase the electricity produced. The energy will be 30%
cheaper than buying it directly from the grid (7p per KWh)
In addition to the energy savings, the water company enjoys reduced carbon
emissions and improved social and environmental impact
The EIS company enjoys a long-term, predictable revenue stream

111

The Mariana Water Turbine EIS

EIS
Company 1

Long term PPA agreement


20+ year predictable revenue
stream

Water
Utility
Company

Energy (7p per KWh)


Reduced CO2 emissions
Improved social impact

112

The Mariana Water Turbine EIS


Does it plug the gap?
Proven technology this technology has been around for many years and more than 20 active sites
(with multiple turbines per site) are in place around Europe. It is simple technology which is easy to
install and maintain
Non-weather dependent unlike many forms of renewables our trade does not rely on certain
weather conditions
Predictable revenue stream the contractual agreement between the water company and the EIS
company providers an RPI linked return over the long term. By removing the need to sell the power
to the National Grid at a subsidised level, our trade will continue to qualify under EIS legislation
Credible counterparties in selling the electricity output directly to the host utility companies, we
will only be dealing with companies that are well established and of good credit quality
Not affected by power outages electricity is still generated when there has been a power outage
on the external grid network making the facility more resilient

113

EIS Planning
Ideas

Recycling EIS investments school fees planning


Year 1

Year 2

Year 3

50K

50K

50K

15,000 of
income tax
relief

15,000 of
income tax
relief

15,000 of
income tax
relief

Year 4

115

*Assumes each investment preserves its value and the investor continues to have over 15,000 of income tax paid in each tax year

Selling an asset pregnant with gain

500K property
with 300K gain

84K
tax bill

300K EIS
investment

84K CGT saving


90K income tax relief
Potential 120K IHT
saving

200K cash

116

*Assumes investor is a higher rate tax payer

Tax efficient profit extraction


Option 1

50K
dividend

12,500
income tax
liability

37.5K net of tax


*Assumes investor is a higher rate tax payer
**From April 2016 taxation of dividends will change

Option 2

50K
dividend
invested in
EIS
15,000
income tax
relief

52.5K;
50K EIS investment
2.5K extra tax relief

117

What next?

CPD sessions & technical support

Professional connection support

Client meetings

Tax advisory:
- Non doms
- Trusts
- Offshore companies
- Corporate restructuring
- Inheritance tax
- R&D tax credits
- Capital allowances
- Withholding tax

118

Thank you for


your time

10/21/15

EIS MAGAZINE EVENT

October 2015

Presentation by:

John Marsden
Founder and Managing Director
Innvotec Ltd
This presentation is approved by Innvotec Limited which is Authorised and
Regulated by the Financial Conduct Authority (FCA).
The presentation is for Professional Advisers only.

Innvotec Limited is registered in England and Wales Company Number 02030086.

Innvotec is a small authorised UK AIFM Alternative Investment Fund Manager


regulated by the FCA (FRN: 122365).

EIS MAGAZINE EVENT


A WORD OF WARNING
THIS PRESENTATION IS INTENDED STRICTLY FOR AUTHORISED
PROFESSIONAL FINANCIAL ADVISERS ONLY AND MUST NOT, UNDER
ANY CIRCUMSTANCES, BE DISTRIBUTED TO ANY DIRECT
INVESTORS.
The investments and opportunities featured in this presentation place investors capital
at risk and investors may not get back the full amount invested.
Tax treatment may be subject to change and the value of the tax benefits in this
presentation depends on the individual circumstances of each investor. The availability
of tax reliefs also depends on the individual investee companies complying with
regulations and maintaining their qualifying status for EIS/SEIS purposes. Neither past
performance nor forecasts are reliable indicators of actual future results and should not
therefore be relied upon.
Unquoted shares are likely to have significantly higher volatility and liquidity risks than
other types of quoted shares.
This presentation is not intended to constitute investment, taxation, legal or financial
planning advice. We recommend all investors seek independent financial advice before
investing in any our products.

EIS MAGAZINE EVENT

TAX AND INVESTMENT PLANNING


USING:
ENTERPRISE INVESTMENT SCHEME (EIS)
&
SEED ENTERPRISE INVESTMENT SCHEME (SEIS)
CAPITAL APPRECIATION THROUGH INVESTING IN A
PORTFOLIO OF HIGH GROWTH BUSINESSES

EIS MAGAZINE EVENT


Innvotec Background / History
Independent - ownership in hands of directors / staff.
Clients - traditionally pension funds, corporates, ERDF (European
money).
Focus-capital appreciation via investment in fast-growth businesses.
Regulated - from the outset in 1989, currently FCA as a small
authorised Alternative Investment Fund Manager (AIFM). Can hold and
control client money and assets.
Early 2000s - business modus operandi review resulted in working
with knowledgeable Strategic Partners.
2009 - launched initial EIS Fund with Anglo Scientific as its first
Strategic Partner.
2013 launched initial SEIS Fund with SUFC as its second Strategic
Partner.
2015/16 - 7 EIS/ SEIS Funds in conjunction with 5 Strategic Partners.
2016 Crowdfunding platform and Bermuda subsidiary (Offshore
money into Innvotec portfolio companies).

EIS MAGAZINE EVENT

EIS MAGAZINE EVENT

Recap on benefits accruing to EIS / SEIS investing


Set off against income tax.
Capital gains tax deferral (50% total exemption for SEIS).
Carry back facility.
Capital gains tax exemption on exit-3 year holding period.
IHT reliefs- 2 year holding period.
Loss Relief (to include negligible value claim) with amount of
loss (less initial tax relief received) offset against income
helps protect the downside.

EIS MAGAZINE EVENT

Income Tax Benefits


EIS
Relief

SEIS
30%

Annual Limits

50%
1m

100k

EIS MAGAZINE EVENT

Capital Gains Tax Exemption / Deferral


EIS

SEIS

Annual Limit

Unlimited

100k

Deferral

100%

50%

Exemption

0%

50%

EIS MAGAZINE EVENT

Carry back facility

Against

Income Tax

CGT Reinvestment

EIS

1 year

3* years

SEIS

1 year

0** years

*Qualifying investment must be made one year before or three years after gain on which relief
is sought.
** Qualifying investment has to be made in same tax year.

EIS MAGAZINE EVENT

IHT benefits of investing in EIS / SEIS companies


Investments outside of IHT net if held for more than
2 years.
This is due to Business Property Relief (BPR).
The investor will still retain access (subject to
liquidity) and control of the funds invested if
needed.
Various IHT planning opportunities (mostly asset
backed).

EIS MAGAZINE EVENT

Tax Reliefs to go where


intended

Closing of loop
holes

Investments with a degree of


risk

Investments with
little or no risk

Real Capital Growth


businesses

Businesses
dependent on things
like feed-in tariffs

An on-going hard-line approach to what type of company tax reliefs will


apply

A company cant apply for reliefs for the first time if it has been trading
for more than 7 years or 10 years in the case of knowledge intensive
companies and there is a 12m aggregate EIS limit (20m for knowledge
intensive companies).

EIS MAGAZINE EVENT

HMRC Reviews & Budget Changes


Broadly speaking Fund Managers will continue to build
EIS portfolios that will be classed as either capital
preservation or growth/appreciation but the type
of business to be targeted will revert to the more
conventional trading company and it will be evaluated
on its risk and trading profile (is it profitable / cash
generative), where it is on its valuation growth
curve, time to and ease of exit.
SEIS portfolios by the very nature of the target
companies have to be focused on growth/ capital
appreciation.
Occasionally there are hybrid funds appearing
offering investors the prospect of investing in both
SEIS / EIS opportunities in the same tax year. NB the
same portfolio company can be in receipt of both SEIS and EIS in the
same tax year.

EIS MAGAZINE EVENT


Value Graph

EIS MAGAZINE EVENT

Capital Appreciation Funds / High Growth Opportunities


(typically with a technology-bias)

Perceived to be more risky given nature and status of


target companies and they are but:
Risks need to be analysed, known and understood and then matched
against potential upside.
Risks within a Fund lie in the business risks inherent in the individual
companies and the accompanying probabilities.
The upside potential and time to exit depends on where the
individual companies are on their growth curves.

EIS MAGAZINE EVENT


Capital Appreciation Funds / High Growth Opportunities
(typically with a technology-bias)

Investors / advisers have no way of knowing anything


about the type and stage of companies being invested in
and depend on the expertise of the Fund Manager.
Less understanding on the advisers part of the sector
and type of target company leads to less inclination to
recommend.
The conundrum being that investors themselves want to
support emerging UK-based companies and make a
decent gain for so doing.
So the more advisers know and understand about the
portfolio composition, trading status, level of risk and
how risk is being handled the more confident they are.

EIS MAGAZINE EVENT


Risk mitigation in capital appreciation (EIS/SEIS) Funds
How to address this?

STRATEGIC PARTNERING

Avoids the need for


costly specialist
in-house expertise and
specialist due diligence

Provides quality
deal flow

Helps evaluate any


technologies, business
strategies,
opportunities and risks

The intention is to address as far as is possible the risk within each portfolio
company and hence within the Fund using the expertise of Innvotec and their
Strategic Partners.

EIS MAGAZINE EVENT

Startup Funding Club

Innvotecs Strategic Partner for


SEIS

Some Case Studies

EIS MAGAZINE EVENT


STARTUP FUNDING CLUB
An eco-system of services focused on early stage
investment and post investment support for startups

Portfolio Adviser
to SEIS Funds

Angel Investment
Network

100+ active angel


investors
Provide expertise and
follow on funding to
companies

Support Services

Strategy & Mentoring

Accounting &
Bookkeeping

Marketing & PR

Legal Support

EIS MAGAZINE EVENT


Startup Funding Clubs Model
SFC blends angel and fund investments and then mentors/supports
companies

SEIS Funds

Angel Network

5 million invested in startups in total

EIS MAGAZINE EVENT


Sector Breakdown of our Previous SEIS Funds

Portfolio Approach

Objective: building diversified portfolios across various


sectors
Technology
Consumer Products
Food and Drink etc.

SFC leverages a large network of Experts


with extensive sectoral experience
Deal selection
Post investment support

5
20%

4
25%

1
2
4%

9%

3
42%

EIS MAGAZINE EVENT


Pariti
Their proprietary software enables unique credit assessment and helps
actively build borrowers credit worthiness. They offer credit scoring as a
service and give appropriate third party product referrals based on a
users Pariti score and financial situation.

Ixty.io
People play games worldwide on their mobile phones and tablets. They
are usually free until you are invited to for example buy a sword to slay a
dragon. Prices for the sword are typically identical worldwide. Ixty
software allows games developers to optimise pricing depending on
affordability in various countries.

Garbanzo
An innovative UK based healthy snack food company. Launched the first low
calorie (88kcal) snack made from Dry Roasted Chickpeas. Developed several
flavours including Sun Dried Tomato, Garlic & Herb, Thai Chili and Bombay
Firecracker. Other product lines are available and being developed. Now
available in major retailers like Holland & and Barretts and Boots etc.

EIS MAGAZINE EVENT


Anglo Scientific

Innvotecs Strategic Partner for


EIS

A Case Study

EIS MAGAZINE EVENT


Found & build companies that disrupt large markets with
groundbreaking new technologies.
Combine high-potential intellectual property with disciplined risk
mitigation.
Companies founded by Anglo Scientific:

Communication
s

Life Sciences

Security and
Resilience

EIS MAGAZINE EVENT


Anglo Scientific (AS) summary
Solid
Businesses

AS has built a portfolio of substantially risk mitigated growth companies that are based
on disruptive scientific breakthroughs with defendable IP, which address clearly
identified needs in large markets

Company
Building

AS is a team of entrepreneurs that sets the vision for its companies, often defining new
strategies, business models or market applications, or rolling together multiple
opportunities to deliver a proposition worth much more than the sum of the parts

Teams

AS principals typically serve as the initial executive management of the companies,


and then recruit world class talent as the businesses grow, proven executives who
share AS vision for the disruptive potential of the company and have the skills to
deliver growth and shareholder returns

Global
Perspective

AS has offices in the UK, USA and Singapore, and a team with business experience
around the world, enabling it to pursue global opportunities for both AS and its
portfolio companies

Deal Sourcing

AS has a track record of sourcing high-potential opportunities from universities,


research institutes and corporates from around the globe - its unique model of
entrepreneurial leadership and hands-on management allows it to capture
opportunities that are initially too incomplete for most investors

EIS MAGAZINE EVENT


high quality, diverse relationships fuel pipeline
Proven and sustainable network built over many years to source new opportunities and to validate, de-risk & complement
portfolio companies

and types of
institutions

Expanding from UKs world-class research base across geographies

Leverage UK core with office in


Boston
and entry in Singapore/Asia

Plus active network of 100s of professors, scientists, government agencies, executives, board members, investors, etc.

EIS MAGAZINE EVENT


summary

Highpotential
assets

Risk
mitigation

Robust
pipeline

Management, product, market,


customers, IP
Extensive range of validated
sources
Proven track record

EIS MAGAZINE EVENT


+
PIPELINE
The world's first low profile, high gainantenna
for satellite communications on the move.
Enables fast internet connectivity onboard
moving vehicles. www.phasorsolutions.com

Worlds only clinically proven


treatment for dysphagia,
transforming the lives of
people with swallowing
dysfunction
www.phagenesis.com

The worlds first fully


automated, affordable system
to detect a
persons complete allergy
profile.
www.microtestdx.com

Anglo Scientific creates one or two


new high potential companies per
year.

SAT-COMM
ON THE
MOVE

www.angloscientific.com
CCTV
VIDEO
ANALYTICS

STROKE
TREATMENT
TRANSFORMED

the
companies

ALLERGY
TESTING
REIMAGINED

BETTER
FOOD
PATHOGEN
TESTING

Faster, more affordable food


pathogen testing (salmonella
and listeria)
www.solusscientific.com

Solving crimes and saving lives by


finding people in video data
www.seequestor.com/

DETECTING
CONCEALED
THREATS

Systems that can search


crowds for concealed threats
such as guns and hidden
explosive devices.
www.rpssys.com
SYNTHETIC
DESIGNER
MOLECULES

HIGH
SPEED
INTERNET
TO TRAINS

World leading provider of high


speed internet to trains
www.21net.com

Synthetic antibodies for


Rx
and Dx - spun out of
Fujitsu
www.aptabiosciences.c
om

EIS MAGAZINE EVENT


Radio Physics Solutions

A Case Study

EIS MAGAZINE EVENT


THE PROBLEM: GUN CRIME AND BOMB ATTACKS

526,000 people die violently every year


75% in non-conflict areas
25% of all violent deaths in 14 countries

60,000 people killed or maimed in last


3 years world wide
Over 80% are civilians
Targets from Boston to Bahrain

EIS MAGAZINE EVENT


WHY NOW?
THERE IS NO EXISTING SOLUTION ON THE
MARKET YET: $BILLIONS ARE SPENT ON THE
PROBLEM
GLOBAL STANDOFF TERRORIST MARKET

47% p.a

$4bn (source from Homeland Security) in 2014

47% p.a. growth

TRENDS

increase in terrorism and crime rate worldwide have


driven growth
Asia and Middle East - fastest growing regions

EIS MAGAZINE EVENT


IMPACT!
~100% detection
PBIEDS
Detection in 1 sec
Network enabled
Portable

IT WORKS: CASE STUDY: US ARMY TRIALS


- VIRGINIA JUNE 2014

EIS MAGAZINE EVENT


VALIDATION
EXTENSIVE TESTING TO CREATE A SUPERIOR SOLUTION
Successful field trials with independent experts underpins
product launch

4 trials

4 trials

6 trials
(endorsed)

6 trials

EIS MAGAZINE EVENT


An Extraordinary Investment Opportunity

Huge market opportunity with big gaps to fill

Building $100m/yr business on defensible IP

Sales traction in multiple market verticals and Territories

Great team to execute - built this sort of technology all their working lives

Typical exit value in this space measured 20x EBITDA

Targeting 10x return to investors

EIS MAGAZINE EVENT

Number 1 priority when advising clients is performance


Past performance no guarantee to future performance
but:
7 annual EIS Funds, average uplift on cost 30%* (before tax
benefits) average FTSE comparative movement 25%.
SEIS Funds, average uplift on cost of funds 29%* (before tax
benefits).

*Based on standard valuation criteria of most recent 3rd party transaction


in the shares

EIS MAGAZINE EVENT


EIS / SEIS Investment Approach-Conclusions

Working with knowledgeable specialists provides


Fund Managers working for capital appreciation
with a means of addressing higher levels of risk.
Despite the risk, good and sustained performance
from capital appreciation funds can be obtained.
Investors like their money to be safe above all but
are prepared to seek and support spectacular
returns.
Investors do see the bigger picture and like to
feel that their tax reliefs can be used to make a
difference.
Working with specialists provides for a lean
cost structure and results in charges being
competitive, results driven and with no need
for hidden add-ons.

EIS MAGAZINE EVENT


Thank you for your time
Any questions are welcome?
Alternatively, I would be delighted to speak on a one to one
basis
after the talk.

PLEASE NOTE THAT OUR TEAM ARE DELIGHTED TO MEET WITH


YOU AND TO PROVIDE ANY SUPPORT NEEDED. ALTERNATIVELY,
WE CAN ATTEND CLIENT OR INTRODUCER MEETINGS WITH
YOU.

Tel: +44(0) 207 630


6990
Email:
info@innvotec.co.uk

EIS MAGAZINE EVENT

10/21/15

10/21/15

158