Hagley West successfully raised £150,000

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235%

Raised: £353,540

Investors: 270

Target: £150,000

Equity: 10.54%

Pre-money valuation: £3,000,000

Hagley West is an online watch company that has already sold into 39 countries and has over 50K followers on Social Media. Now in partnership with cricketing legend, Chris Gayle, they intend to increase their presence to billions of global cricket fans, with growth plans to the Asian market

The industry was valued at $47Bn in 2018 and is predicted to grow 6.2% annually
Over 50,000 followers on Social Media
Chris Gayle has 2.9m followers on IG and Cricket has 2.5Bn Fans
We have already sold into 39 different countries

Idea

Every idea starts with a problem. Ours was simple, watches are too expensive

Our journey began after a game of cricket in Menorca, two friends sat down and realised that they had more in common than just this sport. What started as a conversation led to a plan to start our own watch brand aimed at breaking down the high barriers to stylish watches. By cutting out big brand markups and sales agents, we developed a strategy to deliver direct to the consumer.

In 2018, we brought in over 40 professional cricketers to promote our watches. One year on, we have sold into 39 different countries and gained over 50,000 followers on social media.

Having seen us and liked what we did, Chris Gayle became a co-owner in September 2019. This opens up a massive growth opportunity as cricket has an estimated 2.5 billion global fans. Chris is one of the biggest names in cricket, with an Instagram following of 2.9 Million and links to many other key influencers in the world of sport. His global appeal opens up our marketing plans to a huge audience and he will be spearheading our drive into the lucrative Asian market.

Globally, the wrist watch industry was worth $47 Billion pa in 2018 with a forecast to reach $72 Billion by 2025.

This funding will help us accelerate our core business, expand into new markets, especially Asia and develop new ranges.

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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.

Hagley West 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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