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65535%
Raised
£88,488
Investors
42
Target
£18
Equity
2.23%
Pre-money valuation
£7,134,876

London Doctors Clinic provides access to general practice consultations starting at £55 per session. Since launching in 2015, the company has expanded to 6 central London clinics and treated over 3,000 patients & is backed by private equity firm, Oakfield Capital.

  • Raised over £800k on Crowdcube in August 2016
  • Recently launched clinics in Paddington, Fleet street & Canary Wharf
  • In 2016, LDC processed 11,764 paid-for-appointments (patients)
  • The business continues to grow with 6,697 patients in Q1 2017
Information This is a private pre-emption pitch open to the company's existing investors only. It is therefore not necessary for Crowdcube to approve this pitch as a financial promotion. As Crowdcube has not carried out any due diligence on this pitch, the Due Diligence Charter does not apply. Investors should carry out their own due diligence and take professional advice where necessary. Investors who choose to participate in this funding round will be charged a carry of 20%. Please refer to the ' Articles of Association - Summary Changes' document and the Revised Articles of Association of the Company for further details.

Idea

Since raising circa £800k on the Crowdcube platform in August 2016, London Doctors Clinic (LDC) went on to open three new clinics. In October, a clinic opened at Westferry Circus (Canary Wharf). In November, a clinic was launched on the corner of Fleet Street and Farringdon Street. In March, a clinic opened at Eastbourne Terrace near the Paddington train station. LDC also expanded its existing clinic in Soho Square taking the total clinics in the group to nine.

In 2016, LDC processed 11,764 paid-for-appointments (patients) and it generated revenue of circa £1.1m, which was in line with budget. The business continues to grow with 6,697 patients treated in Q1 2017. In this period, the Company generated revenue of almost £0.7m exceeding the budget and incurred an operating loss of around £(0.2)m. Of the nine clinics, five made a positive contribution.

To capitalize on the Company’s success so far, the Board has decided to expand the clinic footprint to 20 locations in London over the next three years in order to cement its lead in rolling out affordable GP care in London.

LDC is seeking to raise £2m with strong support from existing investors. The funds will be used to open new clinics, hire new staff and gradually move the clinics to leased premises.

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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.

London Doctors Clinic 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.