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118%
Raised
£473,020
Investors
242
Target
£400,000
Equity
9.69%
Pre-money valuation
£4,410,000

Northern Bl°C is a modern, urban ice cream brand creating innovative, great tasting, 100% natural ice creams. Targeting global opportunities with their vegan, kids and protein ranges, NBl°C are seeking investment to increase their supply at home and abroad.

  • Artisan producer in 2014 to manufacturing capability of c.15,000L/week
  • Split market share - retail, wholesale & leisure, to avoid seasonality
  • The UK ice cream market is worth £1.9bn and is growing 5% annually
  • More than doubled Q1 2018 turnover compared to Q1 2017

Idea

We feel ice cream deserves to be center plate and we design our products with chefs in mind. In the past, ice cream in the UK has been seen as a summer treat or second-rate dessert.

In our opinion, the market is dominated by mediocre and dated ice cream; there's demand for a natural, considered product. The global ice cream market is worth $54.8bn, with the vegan market tipped to be worth $2.45bn in 10 years.

Aiming to lead from the front, we've developed three ice cream ranges that directly meet current consumer demand:

CORE RANGE - indulgent yet pure

VEGAN RANGE - registered with the Vegan Society

KIDS RANGE - made with no refined sugar (under 100kcals per tub)

PROTEIN RANGE - in development

Launched in 2014, our y/e Feb 2018 turnover was ~£0.5m (EBITDA -£418k) with Q12018 turnover doubled YOY from £98k to £203k. Shareholder loans exist.

Our customers include high profile venues, such as Lord's cricket ground, the National Theatre, and premium retailers such as Ocado and Waitrose.

The demand for premium all natural ice cream is high and NBl°C is here to meet it.

We are seeking investment to:

- Grow our sales team (international and home)

- Invest in machinery to increase manufacturing capacity

- Increase storage capacity

- Implement sustainable strategies (e.g. wastewater)

- Invest in innovation & R&D

- Build brand presence through activation

“A great brand to watch” The Telegraph, June 2018.

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Northern Bloc Ice Cream 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.