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Successfully funded
Doorsteps.co.uk
98%
Raised
£395,480
Investors
492
Target
£400,000
Equity
3.23%
Pre-money valuation
£12,000,000

In it’s first year, Doorsteps.co.uk, has grown to the 41st largest estate agent in the UK. It’s goal is to be the biggest estate agent in Britain. By combining real agents, best of digital, competitive prices and awesome customer service. CEO has started and exited two online businesses.

  • 41st largest estate agent in Britain after less than a year’s trading
  • Ranked in the Top 10 national estate agents by Trustpilot
  • Founder has already built & sold two multi-million pound businesses
  • Digital market share of estate agency is expected to go from 4% to 50%
Information The company had £150,000 of its SEIS allowance remaining at the start of this raise. This will be allocated to investors on a first come first served basis. Any investments made after that limit has been exceeded will not be SEIS eligible but will potentially be eligible for EIS. The potential tax relief of any investment will be confirmed by email to investors, after they have submitted their applications to invest, and will depend on an investor's individual circumstances.

Idea

Estate agents are the least trusted professionals. They are seen as offering poor service and high prices.

Doorsteps.co.uk. seeks to solve this. Doorsteps use a blend of real-life agents and technology to offer fixed, fair pricing. Delivered in an honest, transparent and hassle free way. A London high street agent will typically charge an average fee of £6,500. Doorsteps charges £199 for selling a property from scratch, equating to customers savings this year of over £700k in fees already.

It is predicted 50% of all UK properties will be sold online by 2020, compared to 4% last year. The online agency market door has been opened by Purple Bricks plc (a 3 year old rival with market cap of £1.1bn on the London Stock Exchange) and others. We believe the time is right for large-scale, national branded estate agency business, facilitated by the internet and its viral effects.

We are confident that Doorsteps is perfectly placed to play an important role in this revolution.

Doorsteps is already the 41st largest estate agent in Britain, from 17,000+ estate agents. The number of customers joining has tripled each quarter since Q4 2016, and revenues growing more than 10 fold in 5 months.

Over 80% of current customers have come by word of mouth. Doorsteps founders' now wish to build the UK’s most loved estate agency.

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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.

Doorsteps.co.uk 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.