The Guinness EIS Team has made over £140 million of investments in EIS-qualifying companies since 2010, and have a breadth of experience in making, managing and exiting these investments
All Faiths Remembrance Parks Limited (“All Faiths”) was set up in 2016 to build and own crematoria. Construction of the first crematorium is well advanced, staff have been recruited and trained and operations are due to commence before the end of H1 2018. Guinness EIS invested £5 million to fund construction and provide working capital for the company.
Ash House Limited (“Ash House”) was set up to develop a state-of-the-art specialist rehabilitation hospital which provides bespoke services for adults with complex mental health issues. Guinness EIS invested £5 million to fund purchase and construction of the hospital, and to provide working capital for the company.
Bright Minds Daycare Limited (“Bright Minds”) was set up to provide premier day-care for infants from 6 weeks to pre school age in Birmingham. The company has acquired and launched its first site in Edgbaston, with a second site under offer, and has identified two further properties with potential to convert into day-care facilities in the same city.
Delta White Ltd (“Delta White”) was founded in 2016 by Dr Ramesh Siva, who has 22 years of dentistry experience, with the intention to establish a branded chain of private and NHS dental care centres in the UK. Delta White plans to build by acquisition as well as through new openings. Management are targeting an initial portfolio of 10 practices distributed throughout the South East and South West of London. Thereafter, the company plans to branch out into the home counties.
Jones Food Company Ltd (“JFC”) was established in 2016 to build a vertical hydroponic farm for production of high value herbs and salad leaves. The crops will be grown in a nutrient rich solution under LED lighting with environmental controls that optimise nutrient value and maximise the intensity of flavour. The company will purchase and fit out a facility in Scunthorpe from which it will offer year-round sustainable high-density and high-yield crops directly to food processors in the UK. JFC will operate the largest hydroponic growing area in the UK at 5,100 m2.
Cera Care Limited (formely Golden Era Club Ltd) was set up in 2015 by Dr Ben Maruthappu and Marek Sacha to develop on online carer matching and management platform. Cera provides delivery of on-demand and long term 24/7 in-home health and social care (both public and private). The platform automates the entire process including carer recruitment, patient-carer matching, and the management/tracking of patient-carer interactions. Cera uses its online and offline technology platform to provide a scalable solution and is currently available in the London area with plans to expand further geographically.
MyHomeGroup Ltd was founded in 2013 to take advantage of the growing trend of online estate agents. MyHomeGroup offers the home seller/renter the full benefits of a traditional high street process for a fixed price that is unrelated to the value of the property or rental. Differentiation is achieved by focusing on quality of service and by offering a premium option which gives access to a network of freelance agents with home visit valuation experience. The company plans to upgrade their technology and increase their marketing efforts to drive greater sales.
Hanzo Archives Ltd (“Hanzo”) was formed in 2005 to provide technology that records the web as well as company intranets and preserves them at archive quality. This service is essential for companies that need to show a court or regulator what the user saw on their internal or public web presence. Other services provided by Hanzo include fraud detection and background checks. Hanzo has many notable governmental and business clients including Facebook.
MWS Technology Ltd (“MWS”) was set up in 2017 as an education technology business. The company developed Aptem as a Software-as-a-Service platform tailored to support the delivery of apprenticeships and traineeships. MWS provides an end-to-end software solution for compliant training delivery including CRM, candidate management, eLearning, virtual classroom, reporting tools, learner progress tracking and compliance measurement. The company offers clients simplicity and paperless compliance, as well as, eliminating the double-keying of data and the need to purchase multiple services.
Popsa Holdings Ltd (“Popsa”) launched in 2016 as an app that enables users to create personalised photo albums. The app automatically selects optimal sentimental photo content from user devices which it turns into photo albums that it recommends to customers for purchase as printed products. Customers have the choice to review and amend the album contents, their order is then printed by a third party and the product is delivered in the post. Currently, the company’s USP is the speed of album generation; just 6 minutes compared to an average 2 hours on other platforms. Popsa plans to fully automate that photo selection process and build a strong subscription service over the course of 2018.
Cellar&Co Limited operates in the wholesale market for fine wine. The company buys and sells bonded stock and has a portfolio of leading Bordeaux and Burgundy wines. The company trades directly with market counterparties (other wholesalers, collectors and wine merchants) and on the Liv-Ex wine exchange. The company is managed by Hugo Rose, a Master of Wine with over 30 years of experience in the fine wine market.
Rare Metal Trading & Restoration plc trades and restores classic cars. The company is particularly focused on rare vehicles, frequently with specific racing provenance. The company trades in vehicles with a value typically in excess of £200,000. The Company is managed by Tristan Last who has been active in racing and restoration all his life and his father, Richard Last, who is responsible for managing the restoration process. He had a 30 year career in the sector, managing his own precision engineering company Last Engineering.
CFS Care Limited was set up to establish a children’s social care services business in northwest England. The company is reviewing different properties to acquire in order to set up the hub. CFS Care will provide fostering services, short stay residential care, ‘leaving care’ for those older children preparing to leave the care system and education services. The company will enter into long term contracts with local authorities who will refer clients. The management of CFS have set up similar successful businesses in different regions in the UK.
Gravity Fitness Limited was founded in 2014 by Harvey Jenkinson and Michael Harrison to build, own and operate trampoline parks in the UK. Gravity generates revenue from the sale of hour long slots to its customers to access its trampoline parks. Gravity differentiates itself from its competitors through a focus on locating its parks at high profile leisure destinations with high annual footfall and market leading health and safety policy. The company currently operates four highly cash generative parks with an established trading record. Company revenue of £2.3m in 2015 more than doubled to £5.5m in 2016. The Guinness EIS investment will be used to launch an additional four trampoline parks, including two at leading shopping centres - Bluewater in Kent and Xscape in Milton Keynes.
Lyford Renewables Limited (“Lyford”) was set up to source, build, own and operate rooftop PV projects that supply electricity to local users without any government subsidy. Lyford commenced trading in October 2016 with the installation of a roof-mounted solar PV system at a sports club in North West England.
Novia CHP Limited (“Novia”) was set up to source, build, own and operate gas-fired Combined Heat and Power systems in the UK. Novia commenced trading in July 2016 with the installation of a small roof-mounted solar PV system at a sports club in North West England.
Sapphire Energy Ltd sources, installs, owns and operates renewable generation assets in the UK. The company commenced trading in late 2015 with its first solar installation.
H14 Energy Limited (“H14”) was set up to install, own and operate hydro projects in Scotland. H14 commenced construction of the 500kW Gleann Casaig, 126kW Dunans and 75kW Stringer hydro schemes in 2016. Gleann Casaig was commissioned in 4Q 2016 with the remaining projects to be commissioned in 2Q 2017.
Larimin Limited (“Larimin”) sources, installs, owns and operates roof-mounted solar projects in England and Northern Ireland. Larimin completed a 1.8MW commercial rooftop installation on the roof of Parker Steel’s distribution site in Shoreham in Oct 2015 (photograph looking out over the installation set out below). Larimin’s portfolio of installations continues to be rolled out and earn a mixture of ROCs and energy purchase payments from customers.
Hydro Energy Trading Limited (“HETL”) was set up in 2014 to install, own and operate hydro schemes in Scotland. Construction of HETL’s 1MW Munerigie hydro scheme located on the Aberchalder Estate near Fort Augustus commenced in 2015 and was commissioned in 1Q 2017.
Green Energy Trading Limited (“GETL”) was set up in 2014 to install, own and operate hydro schemes in Scotland. Construction of GETL’s 2MW Glen Buck hydro scheme located on the Aberchalder Estate near Fort Augustus commenced in 2015 and the scheme was commissioned in 3Q 2016.
Renewable Asset Limited (“RAL”) builds, owns and operates commercial rooftop solar and Combined Heat and Power (CHP) plant. RAL’s solar portfolio is located in Northern Ireland and the completed installations benefit from 4 ROCs. RAL’s 5MW CHP plant is in the construction phase and is located in Southern England.
Addison Energy has built one of the largest roof-mounted solar installations in the UK. The installation, consisting of 14,000 solar panels, was completed in January 2016 on the roof of Lyreco’s 55,000sqm UK distribution centre in Telford – the equivalent size to 7.5 Old Trafford football pitches. The Lyreco installation is predicted to cut annual energy costs by more than £50k and CO2 emissions by 1,700 tonnes per year.
Bath Quartermaster Limited was set up to build, own and run a warehouse that operates managed storage and storage-by-the-box services in the South West of England. The Company is undertaking a property search targeting completion of warehouse build by H2 2019 and plans to launch the business using a temporary warehouse facility from July 2018.
Worker X Ltd (“Worker X”) was set up in 2017 by three successful property entrepreneurs to launch a digitally enabled shared office concept. Worker X plans to acquire, fit-out and operate a network of co-working spaces that are digitally connected through an app. The company will sell multi-tiered membership to the Worker X Club alongside food, drink and business support services. Management have identified three sites in London’s Shoreditch that they will commence development on this year.
Free Green Energy Corporation (“Free Green”) builds, owns and operates roof-mounted solar projects in the UK. Free Green completed a major 3MW installation on the roof of BMW’s car-manufacturing plant at Cowley, near Oxford in 2014. Selected photographs of the installation are presented below. Free Green is currently working with EvoEnergy, a leading UK solar installer based in Nottingham and with installation teams nationwide to build out its portfolio.
Spire Energy has funded the construction of a portfolio of solar installations on six National Express bus depots and two manufacturing facilities owned by Ecotherm, a subsidiary of Kingspan plc. The landlords pay a commercial rate for electricity produced and commit to use a significant portion of the projects’ output. Spire Energy receives the Feed-in Tariff and any power not used on site is sold to a green power utility for a fixed price.
Redan Power has installed solar panels on 14 purpose built barns located in East Anglia and a further 30 residential sites in Southern England. The landlords are able to use the barns and electricity generated at a discount. Any electricity not consumed on site is sold by Redan Power to a green power utility for a fixed price that is higher than the Government-set export tariff. Redan Power receives the Feed-in Tariff payments for the electricity generated.