Peter Balchin
Barry (UK)
Role(s):
Newco
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Startup
Location:
Barry
Industry:
Healthcare
Year Founded:
2008
Number Employees:
INVALID
Description:
Established and successful small business (12 years) sees a related spin-off opportunity with environmental bias. Unique Business to Business offering that has compelling USP's and needn't cost the customer a penny to implement.
At present, total funding is unknown but is likely to comprise a number of tranches with the first being around £250k followed by £100k as each new country is established.
Initial funds are to be used for design, IP and tooling, establishment and marteting/advertising (the bulk to be used for the latter). Ongoing tranches are for establishment and marketing/advertising (predominantly the latter). Working capital support predominantly by Invoice Discounting as the business is cash generative.
It is anticipated that this will be a three to five year inv