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Sustainable office furniture. Rype remanufactures high quality used office furniture to as-new condition. Thanks to their innovative, quality-controlled engineering processes, Rype's furniture competes directly against new but is lower cost, has ~80% lower carbon emissions and creates local jobs.

  • 200+ projects for customers including JLL, British Land and the NHS
  • 2020 sales were £1.4m, up 80% on 2019, and profitable
  • Office furniture UK market is £1.44b p.a. and $52b p.a. globally
  • We've estimated to have saved 1 million kgCO2e carbon emissions
Information £315,000 of funds on the progress bar represent funds raised by the Company prior to launching the campaign. The Company has already received these funds, and the Company has indicated up to £80,000 may be spent whilst the pitch is live. Completion of the Crowdcube raise will occur on the same material terms and share price.

Idea

30% of the greenhouse gases created by a commercial building over its lifetime are from furniture and every year in the UK around 75,000 tonnes of office furniture goes to landfill.

We care about the environment so we used our engineering skills (and Innovate UK funding) to develop remanufacturing solutions to return used office furniture to as-new condition, just like Caterpillar does for engines and Ricoh does for photocopiers.

We estimate our remanufacturing reduces carbon emissions & waste by 80% and we can do it at higher margins than new furniture while still providing lower prices to customers. On larger projects we employ local long term unemployed team members with disabilities or a homeless background.

Lower prices, 80% lower greenhouse gas emissions & waste, and local jobs for those furthest from the workforce: this proposition has seen us win over 200 projects and a range of accolades since we started trading in 2015, including being named in the Top 10 European B2B startups to watch in the circular economy.

2020 revenues were up 80% on 2019 & 2020 profit after tax was £150,000. Changing working patterns are boosting demand as organisations reconfigure their workplaces and provide furniture for staff home offices.

We're now fundraising to accelerate our growth in the £1.44B p.a. UK market & prepare for expansion into Europe as legislation enforces lower carbon solutions.

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This pitch is approved by Crowdcube

This pitch is approved as a financial promotion by Crowdcube Capital Limited. Every pitch on Crowdcube is reviewed to ensure it is fair, clear and not misleading.

As part of our commitment to investor transparency, Crowdcube’s Due Diligence Charter outlines the analysis and verification that is conducted on equity fundraises on Crowdcube by our legal and compliance professionals.

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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.

Rype Office 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.