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Sky Wave has launched a further
crowdfunding round
| Risk Warning: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more |
Sky Wave has created a range of exquisitely crafted premium gins and vodkas, awarded 77 international accolades for flavour and quality. Invest in our crowdfunding campaign to support marketing activity to grow the brand. Join our bold ambition to take Sky Wave to new markets.
We are currently registering interest for early access (before the public) for our crowdfunding campaign on Crowdcube, offering you the chance to buy equity (shares) in our business. That way, you can share in our mission to gain global recognition, delighting drinkers around the world and inspiring their next adventures as well as being part of our future.
Visit our page on Crowdcube for more. You will be asked to register and may be asked to submit proof of identity.
We're going places, are you coming with us?
Capital at Risk. Approved by Crowdcube.
Download our Investor Information Deck here:
For more information, please email investors@skywavegin.com
Here's why you should join us:
We're growing!
Since our launch in 2018, we’ve been working tirelessly to build the Sky Wave brand and deliver the most exquisite premium gin to our customers. This year we saw another twelve months of solid growth and our business continues to expand across Britain and Europe. This is your chance join our journey!
We've got bold ambitions.
The proceeds from this crowdfunding round will be used invest in growing our sales and marketing divisions to drive Sky Wave Gin to new markets at home and abroad, to grow our sales team, and for working capital. We will also continue our commitment to create exquisite new spirits for your delectation over the coming years. Your investment will help us do this.
Capital at Risk. Approved by Crowdcube.
What is Crowdfunding?
Crowdfunding is a way for Sky Wave Gin, as well as other businesses, to raise funds by asking a large number of people to invest amounts of their choosing - from as little as £10 to £100,000s. A crowdfunding campaign enables investors to make informed decisions by learning more about the business model, market, management team, financials and aspirations.
We've been hard at work getting ready to launch our crowdfunding campaign with Crowdcube. We’d love you to join us on this journey and become a Sky Wave investor. To get ahead of the game and ensure you're ready to invest when the campaign goes live:
Capital at Risk. Approved by Crowdcube.
For more information, please email investors@skywavegin.com
FAQs
Q: This campaign is eligible for EIS. What does that mean?
A: The campaign is approved by HMRC for the EIS scheme. Government guidance on what this offers is here. Please make your own judgement or take advice on what this may mean to you, as everyone’s circumstances are different. Benefits may include immediate income tax relief on the investment, capital gains tax relief on profits, and tax relief on any loss.
Q: Do you have the capacity to produce the volumes you are forecasting?
A: Yes, we currently have the capacity to produce the liquid for up to 20,000 bottles per month without any expansion.
Q: Do you have any employees or do you do all this yourself?
A: We currently have 12 employees. The founders are the Business Director (MD) and the Sales and Marketing Director, as well as the distillers. We also have: a distillery manager; a sales manager; a distillery hand / distillery experience host; a second distillery experience host; and bar manager; and a number of bar staff.
Q: Is the bottle design protected in any way?
A: We have registered the design with worldwide IPOs.
Q: How did you arrive at your valuation?
A: For the current valuation, we have used the valuation from our last raise (£1.63m), increased slightly by 7% to reflect the increased turnover and high-prestige outcomes of the last 2 years since that raise.
Q: Will you use the proceeds of the funding to pay off your loans?
A: If we overfund, then yes, we will pay off some or all of our loans, because servicing these loans affects our profitability. But we will only do this if we overfund. In other words, investors are supporting us for the activities we have specified to drive growth across the business, so we will ensure that is fully funded.
Q: What is your strategy to achieve the growth you are forecasting?
A: We have a multi-strand strategy:
- Bigger national distributors, such as Matthew Clark.
- Pub, restaurant and hotel chains, as opposed to single outlets.
- Tender bids (for chains, house pours etc).
- The 'right fit' national drinks chain, such as Majestic.
- Premium outlets - Selfridges, Harrods, Fortnum and Mason etc, enabled by the exquisite packaging.
- The 'right fit' supermarket chain, such as Waitrose.
- Export markets. We already have a EU distributor. We will support him with better marketing and help to grow EU sales. In addition, we are also pursuing live opportunities in Eastern Europe, South America and India.
Q: You're showing a loss for FY 23-24. Why is that?
A: There was significant planned but extraordinary expense during the year. In detail:
· The new bottle project entered its detailed design and manufacture phases
· The first production run of bottles has been purchased in entirety (31,500 units)
· Significant marketing activity as part of the new bottle project was conducted
· New equipment was purchased to service the new packaging (such as bespoke labelling machines to cope with the bottle shape)
· The new bottle was launched in November 2023, the true effect of which was not expected to begin to be seen until Q4 of the period (post-Christmas 2023).
Despite the expenditure we note the following highlights:
· Turnover has increased by 13.8% on the previous year, to just over £250k. We attribute this to both the significantly increased appeal of the new packaging, and additional marketing efforts
· Gross profit has increased by 8.4%, to £129k
· However, the significant costs mentioned above mean that the business made an operating loss in the period. This was almost entirely covered by shareholder investment, mostly through Seedrs (Republic) as planned.
· We have also moved to a more mature footing with our staff, including permanent contracts with all that that entails, such as pension funds and other staff benefits.
| Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Investments should only be made by investors who understand these risks. Please read the full Crowdcube Risk Warning here. Tax treatment depends on individual circumstances and is subject to change in future. No communications about any campaigns on Crowdcube you receive from Crowdcube or The Sky Wave Distilling Company Limited, through email or any other medium, should be construed as an investment recommendation. Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment and you are unlikely to be protected if something goes wrong. |
