Les Osborn
Bexley KENT, KEN (UK)
Role(s):
Other
SOGUARD LTD
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Startup
Location:
Bexley KENT
Industry:
Engineering
Year Founded:
2008
Number Employees:
1-10 people
Description:
I HAVE DESIGNED A NEW ACCESSORY FOR THE DOMESTIC HEATING INDUSTRY. THIS ACCESSORY ENABLES AN INSTALLER TO FIT ALL HORIZONTAL FLUES WITHOUT LADDERS OR SCAFFOLDING. THE NEED TO GO OUTSIDE A BUIDING TO FIT IS NOT NEEDED.
INTERACTIVE BV HAVE AGEED TO BUY THE RIGHTS(3YEAR LICENCE) TO MANUFACTURE FOR £40,000 AND HAVE AGREED 14% ROYALTY.
THE ROYALTY IS BASED UPON THE RESIDUAL FIGURE BETWEEN MANUFACTURING COST AND DISTRIBUTERS COST. ANNUAL FIGURES ARE EXPECTED AFTER 2 YEARS TO BE £5,450,000 PER YEAR EVERY YEAR.
I NEED AN INVESTOR TO TAKE A PECENTAGE TO PROVIDE CASH FLOW