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109%
Raised
£1,098,190
Investors
344
Target
£1,000,000
Equity
21.54%
Pre-money valuation
£4,000,000

Le Col is a premium cycling apparel brand, founded in 2009 by professional cyclist, Yanto Barker. Manufactured in Italy, Le Col now sells its clothing to customers in over 10 countries; directly, and through a range of specialist retailers. This round of funding will be used to continue to establish the brand and expand into new geographies.

  • UK cycling apparel market estimated to be worth £1.8bn
  • Previous sponsor of UK Cycling teams; One Pro Cycling & Team UK Youth
  • Featured in The Guardian, The Huffington Post & The Independent
  • Team includes a Partner at RPM London Limited
Information Due to ongoing investor discussions, the Le Col campaign has been extended by 7 days and will now be closing on the 13th January.

Idea

Le Col is a premium cycling apparel brand conceived from an obsessive desire for perfection. The brand ambition was to create beautiful, performance enhancing clothing, that gives cyclists every advantage. Using Yanto's professional insights, and continuous rider feedback, Le Col strives to design and manufacture the most technical and innovative products available in order to improve the rider's experience in all climates and seasons.

We began trading autumn/winter 2009/2010 with a basic website and 10 specialist retailers including the prestigious Harrods cycling concession on the sports floor. In early 2014 we bought the factory and became a self-manufacturing business developing our own range, specifically designed and manufactured entirely from scratch to be a unique and superior range. We now have customers in over 10 countries via a combination of retail, wholesale and distribution.

With recent reviews and features in Esquire Magazine, the Guardian, Huffington Post, The Independent , among other specialist cycling publications, Cyclist magazine,Cycling weekly, The Washing Machine Post, and Road CC we have gained a broad awareness and interest among active cyclists.

Le Col has also been active in sponsoring the No1 UK based men's road team in 2013 (Team UK Youth) and in 2015 the No2 UK based mens team (One Pro Cycling).

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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.

Le Col 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.