This site uses cookies. By using this site you agree to receiving cookies. View Policy.

Overfunding
Capital at risk
overfunding
PALLITE
days left
8
107%
Raised
£1,076,080
Investors
571
Target
£1,000,000
Equity
11.24%
Pre-money valuation
£8,501,604

PALLITE® design & manufacture award-winning, lightweight, strong & sustainable honeycomb paper pallets, crates & warehouse storage solutions for brands like Morrisons and Kellogg’s. Since Jan 2018 we’ve grown 77% & our range offers greater cost savings & fewer carbon emissions than alternatives.

  • Sales grew 58% in 2018 and have grown 77% in just the last 5 months
  • Proven to reduce carbon emissions by up to 37% vs traditional products
  • Clients include Farrow & Ball, Morrisons, Kellogg's and DHL and more
  • 10 IP-registered & 1 Pending designs across Europe and North America
Information Pallite has currently raised £1,026,330. £250,000 was raised prior to launching their campaign on Crowdcube and this may be spent during the course of the campaign. This is on the same terms as offered to Crowdcube investors.

Idea

Investing in positive environmental impact is good business.

Here at PALLITE®, we’ve proven that our award-winning, lightweight, recyclable & strong paper products can replace traditional pallets & shipping crates.

By making paper into super-strong honeycomb structures, we reduce the weight of transit packaging by up to 83% & consequently carbon emissions by up to 37%. Our goal is for businesses to make significant savings in distribution costs and CO2 emissions.

In 2018, we grew by 58% to £1.1m (Net loss -£1.7m) & momentum continues to build with 77% growth Jan-May 2019 compared with the same period in '18. We already work with well-known brands such as Farrow & Ball, Morrisons, Kellogg's & DHL, & that’s just the tip of the iceberg.

We believe there’s never been a better time to invest:

• 30% of wooden pallet users are considering alternatives.

• UK wooden & plastic pallet market is worth £1.3 billion

• 41.4 million new wooden pallets manufactured each year

• E-commerce growing at 13.65% annually – prime for our new warehouse storage solution, PIX

We’re fundraising to develop new markets including food & FMCG, expand our sales team and scale up manufacturing facilities. We’re aiming to bring forward our breakeven date from 2021 and believe a trade sale or flotation could be realistic exit options.

Together we can reduce the impact of distribution – for today, tomorrow, & the future.

THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE BY THE COMPANY RAISING FINANCE AS IDENTIFIED ABOVE (THE "COMPANY") IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY AND SUBJECT TO THESE TERMS AND CONDITIONS.  CROWDCUBE CAPITAL LTD IS AUTHORISED BY THE FCA AND CARRIES OUT DUE DILIGENCE ON EACH COMPANY THAT LISTS ON CROWDCUBE AS SET OUT HERE.
 
This investment opportunity is not an offer to the public and is only available to registered members of Crowdcube.com who have qualified and categorised themselves as able to invest.  The investment opportunity is not directed at persons located in the United States, Canada or Japan. Any person resident outside the United Kingdom who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict access.
In particular, unless otherwise determined by the Company and permitted by applicable law and regulation, it is not intended, subject to certain exceptions, that any offering of the securities mentioned in such materials (the "Securities") by the Company would be made, or any documentation be sent in or into, the United States, Canada or Japan.  There will be no public offering of the Securities in the United States.
 
In order to access the pitch you must first become a qualifying member of Crowdcube on the basis of your status as either (i) self-certified ‘high net worth investor’, (ii) certified ‘sophisticated investor’, (iii) self-certified as a ‘sophisticated investor’ or (iv) certified as a ‘restricted investor’, in each case in accordance with the FCA’s Conduct of Business Sourcebook Chapter 4.7.  Potential investors are encouraged to "cross examine" the Company by interactive due diligence and use of the available online forums to bring the "wisdom of the crowd" to bear.  Accessing the pitch also means you agree to Crowdcube’s most recent website terms and conditions and investor terms and conditions, which include Crowdcube's limitation of liability.
 
If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.  Crowdcube’s or the Issuer’s press announcements and this information page do not constitute an offer to sell securities of the Company.  Further, it does not constitute a recommendation by the Company, Crowdcube or any other party to sell or buy securities in the Company.
 
By registering or logging into Crowdcube.com to view the investment opportunity, you certify that you are legally entitled to view the investment opportunities, are an authorised investor and you agree to all applicable terms and conditions on this website, including this disclaimer.

To see the rest of the PALLITE pitch, join now.
It’s free, quick and easy.

Join

Already registered? Log in

To see the rest of the PALLITE pitch, join now.
It’s free, quick and easy.

PALLITE

Join to read more information about the PALLITE team, documents, and what other investors are saying about the pitch.

If you choose to invest we won’t take your money until the pitch closes and you can cancel your investment at any time.

Crowdcube is a leading investment crowdfunding platform

Successfully Invested
£689m+
Registered Investors
759k+