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114%
Raised
£287,240
Investors
315
Target
£250,000
Equity
12.56%
Pre-money valuation
£2,000,000

With a growth rate of 213% in online sales this year, Huez uses advanced sportswear fabrics to create a truly stylish range of cycling clothing. Launched in 2014, the team, including a former designer from Paul Smith, has designed and manufactured cycling apparel sold to premium retail outlets.

  • Stocked in The Conran Shop, Matches Fashion and Velorution
  • Been featured in The Sunday Times, Timeout and Selectism
  • Has achieved 10,000 Social Media and Mailing list followers
  • Targeting the $270bn Sports and Activewear market
Information Due to ongoing discussions with potential investors, the Huez* campaign has been extended and will now be closing on the 25th November.

Idea

The Huez range is created for cyclists everywhere, and people living an active lifestyle. All the clothing in this video is designed and manufactured by us.

Huez is a forward thinking brand. We use advanced sportswear fabrics to create a truly stylish range of cycling clothing that we think works brilliantly on and off the bike.

Problem:

We launched the brand in 2014, after we felt that most of the products available to the cycling market were too focused on a retro style, and manufactured with little attention to quality or modern design aesthetics. We saw an opportunity for a brand aimed squarely at the forward thinking cyclists who look to technology to improve their ride.

The Market:

  • Targeting the $270bn Sports and Activewear market that is set to grow by 30% in the next 5 years.
  • Between 2010-2014 sales for cycling specific clothing and accessories was up 28%.

Key Milestones:

In 20 months we have partnered with high-end retailers such as The Conran Shop, Matches Fashion and Velorution. We already sell our clothing in shops in the UK, Europe and as far afield as Australia.

We were one of the cycling brands selected by Matches Fashion and since launching on their site have had multiple repeat orders. Recently we have agreed wholesale orders for our Spring Summer 2017 collection and received interest from cycling shops in Paris, Vienna, Madrid and London. These include names such as Harvey Nichols and Farfetch which together reach close to 13m users per month.

Current Traction:

  • 50% growth to website traffic year-on-year
  • An average 4,000 visits to our website per month
  • 10,000 Social Media and Mailing list followers

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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.

Huez* 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.