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106%
Raised
£1,325,390
Investors
418
Target
£1,250,000
Equity
18.09%
Pre-money valuation
£6,000,000

Borrow A Boat is Britain's leading boat charter marketplace, leading the change as the global boat charter industry adapts for the 21st century. Returning to Crowdcube with 300% revenue growth in 2018-2019, VC backing, and industry endorsement, the company is poised for future growth.

  • Backed by VC Edition Capital, following on with £1m lead investment
  • 22,000 boats listed in over 65 countries
  • Headline sponsor of the UK's biggest boat show in Southampton in 2019
  • Diversified into the luxury superyacht market via Borrow A Boat Plus
Information £1,000,000 of the funds displayed on the pitch bar has been received by the Company and shares issued at the end of January; this money may be spent whilst the campaign is live. Any funds above this figure will close after the pitch and all shares will be issued at the same share price

Idea

Borrow A Boat Crowdcube Pitch 2020
CEO Matt Ovenden and his family aboard a catamaran
CEO Matt Ovenden and his family aboard a catamaran
Borrow A Boat Team Stand Up Paddleboarding in Greece
Borrow A Boat Team Stand Up Paddleboarding in Greece
Borrow A Boat Plus offering - Superyachts
Borrow A Boat Plus offering - Superyachts

How people go boating is changing - and Borrow A Boat is providing a 21st century solution.

BaB's web and app solutions allow you to book boats of all types online for charter - whether a short notice request for day hire, a long weekend on board, or a 7-14 day boating trip for your summer holiday.

With 22,000+ boats listed in 65+ countries, BaB brings choice, flexibility and accessibility to boaters in what has up to now been a fragmented market. Skippers are also available on any boat - meaning the boats are available for anyone to book regardless of experience.

Borrow a Boat achieved 300% annual growth in revenue to £146k in 2019 (P&L -£1.3m), with the total value of charters sold grown to £835k in the same period. They are now prominent in the boating industry - 3 of the largest global boat charter fleets have now all listed on BaB including sailing yachts, catamarans, speed boats RIBs, canal boats & more.

In summer 2019 Borrow A Boat Plus was launched for luxury crewed charter clients, and Borrow A Boat Experiences for itinerised boating trips, both adding new revenue streams to the business.

The global yacht charter market is projected to reach $25bn by 2027, yet research shows more people would get out on the water if it was more accessible. BaB makes it easier than ever for people to go boating and not only help bring the market together, but help grow it at the same time.

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Risk warning

Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. Please click here to read the full Risk Warning.

Crowdcube is authorised and regulated by the Financial Conduct Authority (FCA) and the Comisión Nacional del Mercado de Valores (CNMV). This page has been approved by Crowdcube. Pitches for investment are not offers to the public and investments can only be made by members of crowdcube.com on the basis of information provided in the pitches by the companies concerned. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions.

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.

Borrow A Boat has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 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.