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Sky Wave Gin’s
crowdfunding round
is now closed
details will remain here for reference
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. Approved by Seedrs.
Sky Wave Gin is a range of exquisitely crafted premium gins, awarded 39 international accolades for flavour and quality. Invest in our crowdfunding campaign to create gorgeous, breathtaking packaging to grow the brand. Join our bold ambition to take Sky Wave Gin to new markets.
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We have now launched our crowdfunding campaign on Seedrs, offering you the chance to buy equity 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 Seedrs to see the pitch, pitch video and (optionally) request access to the pitch deck. 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 Seedrs.
Download our Investor Deck here:
View our Pitch Video here.
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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 Sky Wave Gin 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 help us create breathtaking new premium packaging and a brand refresh. Alongside this we’ll invest in growing our sales and marketing divisions to drive Sky Wave Gin to new markets at home and abroad. 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 Seedrs.
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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 small to larger amounts. 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 Seedrs. We’d love you to join us on this journey and become a Sky Wave Gin investor. To get ahead of the game and ensure you’re ready to invest when the campaign goes live:
Capital at Risk. Approved by Seedrs.
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: You don’t start to show growth until 2024. Why is that?
A: Where we show 2024, we mean our financial year ending in 2024, so these figures are for May 2023 – April 2024. The lead time for bottle production is about 6 months, so we won’t actually launch the new bottle until just into the new financial year – but we need to fund the process from now, including the creation of the bottle mould, to meet those timelines.
Q: Do you have any employees or do you do all this yourself?
A: We currently have 9 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 business development manager; a sales manager; a marketing manager; a customer engagement manager; a distillery hand / distillery experience host; and a second distillery experience host.
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 a relatively conservative standard industry multiplier (5.8) of our last full-year turnover (21-22) after research across recent funding campaigns. For example, some have valued as high as 7x turnover, others at 5x. We have also retained a consultant who has launched two distilleries and crowd funded one of them. For the future valuation, we have used the same approach at the 5 year point; our business plan forecasts out to 5 years, and it is 5.8x this turnover which we have used, again as advised by our consultant.
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 the Fleximise loan. But we will only do this if we overfund because the business case for the new bottle, marketing etc assumes the target figure, and we won’t eat into the project’s funds. In other words, investors are supporting us on the new bottle project and the growth that that will drive 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, enabled by the exquisite packaging to make us stand out from the crowd.
- 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, which we have not yet tapped. However, we have had strong interest from abroad during the 2 years of covid and receive regular enquiries, and we have shipped to around 15 countries, including most of Europe, Hong Kong, America, and Australia. We are currently stocked in independent spirits merchants in Malta, Germany, Belgium and France and are actively pursuing opportunities.
Q: You’re showing a loss for FY 21-22. Why is that?
A: We invested in both staff and facilities last financial year. The staff investment is now showing a return which was not visible in-year, and some costs of our expansion into our new distillery fell into that year also. We are on track to return to profitability in FY 22-23.
Q: Why does gross profit increase from 45% in 2020-21 and 2021-22 to 54% in 2023?
A: As always, it’s a combination of things, but we have seen a number of changes in the business as a result of our growth to date that mean we have cut our cost of production in this FY (22-23, despite rising costs across the board). These include: the ability to buy bottles in bulk, a significant slice of the cost per bottle; and the fact that we have only recently become an excise warehouse, allowing us only to pay duty at the point of bottling and shipping as the product leaves the distillery. These two factors combined are hugely significant. Moreover, with the support of this raise, we will move to a bespoke bottle, and buying these in significantly larger volumes will increase this gross margin even more.
Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future. No communications about any campaigns on Seedrs you receive from Seedrs or The Sky Wave Distilling Company Limited, through email or any other medium, should be construed as an investment recommendation. Seedrs Limited is authorised and regulated by the Financial Conduct Authority. Seedrs Limited is a limited company, registered in England and Wales (No. 06848016), with registered office at Churchill House, 142-146 Old Street, London EC1V 9BW. |