Boulder Hut successfully raised £240,000

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160%

Raised: £386,200

Investors: 352

Target: £240,000

Equity: 43.09%

Pre-money valuation: £510,000

An indoor climbing brand opening its first centre in Ellesmere Port, south of Liverpool; Boulder Hut is expected to be the first dedicated bouldering centre in the area. Bouldering is a shorter, sharper version of rock climbing, done without ropes, and is set to be included in the 2020 Olympics.

17,000 sq ft location secured
Change of use planning already agreed & design underway
Founded by experienced climbers with 40 years’ experience between them
Venue designed to serve climbers from birth onwards

Idea

Boulder Hut is an indoor climbing centre brand, opening its first bouldering centre in Ellesmere Port, Cheshire. Bouldering is a shorter, sharper variation of rock climbing, done without ropes, over lower heights & safety matting. We aim to open a new centre every 2-3 years.

There are no indoor bouldering centres in Cheshire West and Chester & the nearest dedicated bouldering centre is over 30 minutes drive from Chester.

Inspired by the best European climbing walls, and housed in a 17,000 sq ft industrial unit (contract tbc), Boulder Hut will be one of the largest in the UK with over 250 different climbs available, and have separate ‘Boulder Zoo’ and 'Boulder Play' areas for our younger customers, as well as offering elite training, coaching, kids clubs and parties. There will also be a cafe serving locally sourced, quality produce, and an extensive shop to get kitted out in.

Our recent local media release was shared 897 times and we have 476 followers on Facebook & 728 followers on Twitter, and counting!

The UK climbing industry is expanding with the number of indoor walls going from 300 to 400 in the past 5 years alone, and climbing will be included in the 2020 Olympics for the first time. Bloomberg recently observed that in the USA, "Indoor rock-climbing is a quietly expanding exercise industry ripe for a Crossfit-like explosion" - we believe the same is true for the UK market.

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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.

Boulder Hut 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.

Idea

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