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106%
Raised
£212,870
Investors
207
Target
£200,000
Equity
10.94%
Pre-money valuation
£1,732,410

Since successfully funding in 2016, The Hebridean Food Co can now be found in four major Supermarkets, Sainsbury’s, Morrisons, Aldi & Lidl. The company is now taking the next steps to scale production and launch into the ready meal market.

  • Agreement to supply own brand soup to a supermarket from September
  • Currently stocked in; Sainsbury’s, Morrisons, Aldi & Lidl
  • Fresh soup market forecasted to grow 28% in the next 5 years
  • Chilled ready meal market grew value by £2.1bn in 2018

Idea

The Hebridean Food Company, founded by Douglas Stewart in 2014 was created with the goal of disrupting overly processed supermarket food lacking character and origin. The Hebridean Food Company’s mission was to bring local food made with passion, heritage and a story to supermarket shelves and customers throughout the UK.

Since the successful Crowdcube raise in 2016 the company has been gaining traction, by 2018 the company's products had been stocked in 4 major supermarkets and is currently in talks with 3 others. In 2019 the company signed an agreement with a major supermarket with the intention to provide them with over 500,000 units of own brand soups per annum, this shows that our concept and vision is proving popular with Supermarkets and customers. Other retail clients include Sainsbury’s, Morrisons, Wholefoods market and independents.

The company has experienced 172% revenue growth compared to the previous 12 months with sales of £272,966 between May 2018 and April 2019. EBITDA of (£6,180).

The business has invested heavily in product development, working closely with a world class chef to further develop new products in the ready meal market as well as extending our range of fresh soups.

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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.

The Hebridean Food Co. 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.