Launched in 2013, the Guinness AIM EIS offering invests in AIM-listed companies that are eligible for EIS tax reliefs. We manage EIS portfolios for a large number of private investors.
Our next proposed AIM EIS offering will open in September 2014.
Guinness AIM EIS 2014, closed 5th April 2014
Guinness AIM EIS 2014 was established to make investments in AIM-listed companies that are eligible for EIS tax reliefs.
The investment objective of Guinness AIM EIS 2014 is to deliver tax-free investment returns of over £1.30 per £1.00 invested, net of all fees, in addition to £0.30 of EIS Income Tax Relief.
The Alternative Investment Market (“AIM”)
AIM is the most successful growth market in the world. It was launched in 1995 as the London Stock Exchange’s market for smaller and growing companies, and since then has helped over 3,000 companies raise more than £80 billion through new and further capital raisings. AIM plays a vital role in the funding environment for small and medium-sized enterprises as they develop their businesses. It serves as a mechanism for companies seeking access to capital to realise their growth and innovation potential.
There are several factors that have made investing in AIM companies that qualify for EIS tax reliefs an attractive area:
Recent changes in EIS legislation has increased the size of companies that qualify for EIS Reliefs from under 50 employees to up to 250 employees, and from under £8 million gross assets post investment to under £16 million gross assets post investment. These changes have increased the number of AIM companies that qualify under the EIS, and also reduced the risk of EIS investing by allowing investment in larger companies.
AIM-listed companies are more transparent than most EIS investment opportunities. This is in part due to the AIM-listing requirements to publish annual audited and half-yearly unaudited accounts, as well as making public any price sensitive information in a timely fashion.
Private equity investments can remain in an investor’s portfolio long after the three year EIS holding period has expired. AIM-listed companies have the advantage of liquidity by virtue of their listing on AIM, providing the Investment Manager a means of selling shares and returning funds to investors.
Many AIM share offerings and placings of new shares are only made available to institutional investors. It can be difficult as a private investor to gain access to investment opportunities. The Investment Manager is known to the majority of the Nominated Advisers on AIM.