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PALLITE® design & manufacture environmentally-friendly products made from paper honeycomb board to move, protect, & store goods. We help companies like DS Smith, Rockwell Automation & The Hut Group to act more sustainably. We are agile & adaptable with innovation at the heart of what we do.

  • Gross margins have increased from 18% to 38% between 2018 and 2020 YTD
  • Turnover has grown 60% a year on average for the last 3 years
  • In the last 6 months, new lines have sold £250K+ at over 50% GM
  • MOU signed with MPE Inc. to manufacture & sell products in USA
Information Pallite has raised £833,299 prior to launching their campaign on Crowdcube which is represented on the progress bar for clarity. This investment is on the same terms as offered to Crowdcube investors. £200,000 will be spent during the course of the campaign

Idea

We believe that looking after our planet has never been more important.

PALLITE® products are made from 100% recyclable paper honeycomb board which contains over 75% recycled content.

We’ve made some big improvements since we were last on Crowdcube. We’ve refocused our sales efforts, increased our research, & improved our production efficiency. Margins have increased & we now have our sights set on international growth in USA & Europe.

In the month before COVID, we hit a new sales record of £217K (£65k net operating loss & 3 year average EBITDA -£1.58M) at 42% gross margin. We generated £1.8m revenue, -£1.9m EBITDA in FY 2019

As lockdown began, we launched a range of pop-up desks for working from home. We set up an online shop within two weeks, have sold to the likes of GymShark and The Open University, and are now listed by Ryman, Staples and B&Q.

We’re about to launch EcoLITE by PALLITE® - a range of recycled, protective, and insulative packaging to replace polystyrene and foam, with other innovations in the pipeline.

September has been our best month ever with sales of £229K at a gross margin of 45%, and a record gross profit of £103,000.

The next step in PALLITE®’s journey is to continue the rapid growth in our move, protect and store lines, whilst developing new innovative products.

So, if you want to make a real difference, then invest in an innovative and sustainable business.

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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.

PALLITE 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.