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Successfully funded
overfunded
Go_Modular Technologies
104%
Raised
£412,420
Investors
503
Target
£395,000
Equity
12.98%
Pre-money valuation
£2,765,000

Go_Modular is an early stage start-up, aiming to deliver modular homes from customised factories, each with a capacity of 300+ units per year, and then to expand via a factory franchising model. Investment will be used to build the first factory.

  • Aim to increase the supply of affordable homes in the UK
  • Targeting two revenue streams: direct supply and franchising factories
  • Targets: Y1 - 5,500m² housing floor area, Y2 - 18,000m², Y3 - 27,000m²
  • The company will aim to exit by trade sale within 5-6 years
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

Go_Modular is designed to be an innovative and intelligent technology for modular construction, with the aim to provide the housing market with new off-site modular production technology that enables construction of new homes faster and at a lower cost, yet outperforming industry standards.

The construction industry cannot generally deliver large volumes of new build homes faster and cheaper due to reliance on traditional building techniques. Off-site construction methods can increase the output, reduce costs and maintain quality.

Target USPs:

- Modular built homes: Factory-produced and finished building units that form the finished structure of buildings, with modular parts installed on the construction site

- To sell our production technology to construction industry members (B2B)

Go_Modular is an early stage start-up, the investment monies will be used to build the first prototype factory.

In our past experience within the team, we have developed construction projects in the UK delivering more than 500 residential units built from modules since 2010.

We hope to deliver our first modular factory in South England by July 2018 and will target the production capacity of 300+ residential units per annum.

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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.

Go_Modular Technologies 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.