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Successfully funded
overfunded
Black Bee Honey
148%
Raised
£111,040
Investors
328
Target
£75,000
Equity
14.13%
Pre-money valuation
£675,000

Following the success of London Postcode Honey, the entrepreneurial duo has set up Black Bee Honey to offer a selection of raw, single origin British honey. Leveraging on their previous experience, Black Bee Honey aims to list in 150 independent retailers with 26,000 units sold by 2018

  • Two honey varieties, raw and single origin
  • Launching in Speciality & Fine Food Fair at Olympia this September
  • Founders with experience in running another honey business
  • Access to their previous customer & supplier list

Idea

Black Bee Honey will offer a selection of raw, single origin British honeys.

Currently consumers have little choice other than cheaper blended and imported varieties or expensive Manuka honeys. Black Bee aims to fill the space between these options, appealing to existing honey consumers with a premium brand offering the best British honeys. All of which are raw and single origin.

Prior to Black Bee Honey, the founders-beekeepers Chris Barnes & Paul Webb ran a beehive rental company in London for over 5 years, with over 50 hives. They created London Postcode Honey brand and hand labelled over 10,000 jars. One of their 10 honey varieties won a great taste award and they were stocked in multiple stores including Selfridges, Harvey Nichols, Fortnum & Mason and Harrods. Despite the increase in sales and the success with premium retailers, the business model has proven difficult to scale and the founders have decided to refocus their effort in developing the Black Bee Honey brand which they believe to be more scalable.

Black Bee benefits from the contacts Chris & Paul developed with suppliers and retailers from London Postcode Honey. We have costings from a co-packer and our first products will launch at the Speciality & Fine Food Fair at Olympia in September. We have recruited key advisors Jon Simon founder of Pieminister and Crispin Busk founder of Kabuto Noodles.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Black Bee Honey has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.