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Successfully funded
overfunded
PALLITE
119%
Raised
£1,196,290
Investors
764
Target
£1,000,000
Equity
12.35%
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.

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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.