Richard Brendon successfully raised £200,000

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125%

Raised: £250,350

Investors: 123

Target: £200,000

Equity: 7.15%

Pre-money valuation: £3,250,000

At Richard Brendon we value master craftspeople and are on a mission to keep their skills alive. With growth of 75% since 2015 amounting to £2.5m sales to date and over 3,000 orders delivered, Richard now plans to take his brand truly global.

CAGR of 75% over last 4 years of trading
Sold to over 120 B2B customers in 15 countries
500 pieces media coverage since 2013 including the FT and NY Times
£191 average web order

Idea

“Bringing heritage craftsmanship up to date for modern living is Brendon’s raison d’etre” - Elle Decoration

Established in 2013, Richard Brendon is a prominent British design brand creating contemporary and timeless tableware collections that challenge the expected. Our bone china is handmade in Stoke-on-Trent, the home of British ceramics, whilst our crystal glassware is mouth-blown and hand-cut in Slovenia.

As part of the £4.84bn exports of craft products from the UK, Richard Brendon has enjoyed a CAGR of 75% from 2015 to 2019, with 2019 revenue of £1.12m (Loss £226k). We are so proud that the brand has already been stocked in leading UK retailers, such as Harrods, Fortnum & Mason and Selfridges, and globally in Lane Crawford (HK), Bergdorf Goodman (New York) and The Beast (China). Our website has generated over 3000 orders, and we also supply several prestigious venues such as The Corinthia Hotel London and The Gleneagles Hotel Scotland.

We believe this is only the start of the potential market worldwide. Our ambitious growth plans include opening up new markets, as well as creating 4 additional collections over the coming years to develop existing channels and territories.

In 2017, Richard partnered with wine expert and FT legend Jancis Robinson, OBE, MW to create a fast selling collection, catering for wine lovers seeking the very best wine glass possible.

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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.

Richard Brendon 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.

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