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145%
Raised
£218,340
Investors
307
Target
£150,000
Equity
10.82%
Pre-money valuation
£1,800,000

Stocked in Selfridges, Whole Foods Market, Ocado.com and Waitrose, Lucy's Dressings is on a mission to become the UK's leading dressings and sauces brand. Following its last raise on Crowdcube, which funded in just 7 days, the company's turnover has grown from £179k to exceed £300k in 2016.

  • Launching this month in 284 Waitrose stores
  • Stocked in Selfridges, Whole Foods Market, Ocado, and selected Co-op's
  • GP has increased from 12% in 2015 to over 23% year to date
  • Turnover is anticipated to exceed £500k by the end of 2017

Idea

At Lucy’s we’re on a mission to become the UK's leading dressings and sauces brand. Whether customers are searching for gluten-free, low fat, vegetarian or low sugar, our award winning product range offers them quality at an affordable price.

Today Lucy’s Dressings can now be found in hundreds of independent delis, farm shops and food halls in the UK, including Selfridges, Partridges, Booths, Whole Foods Market, selected Co-ops and on Ocado.com. At the end of May this year, we will be launching 3 of our products in over 280 Waitrose stores.

As well as our retail range we now produce dressings for 3 restaurant groups, including Bill's and Gourmet Burger Kitchen.

We’ve expanded our online presence and are now listed on over 8 online platforms, including Amazon, Not on The High Street and Yumbles.

We’re thrilled to have recently made our first delivery into the Netherlands, working with international recipe box company, Marley Spoon. We’re currently in discussions with one of the UK’s largest recipe box companies who we hope will be launching 3 of our flavours later this year.

Following our successful raise on Crowdcube last year, we have grown our turnover to exceed £300,000 in 2016. While we did not achieve our forecast turnover of £440,000 for 2016, we believe with our future growth plans, this year we could achieve our forecast revenue of £524,005 in 2017.

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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.

Lucy's Dressings 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.