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113%
Raised
£851,620
Investors
225
Target
£750,000
Equity
12.43%
Pre-money valuation
£6,000,000

Operating in the automotive industry since 2004 supplying labour to vehicle manufacturers at port when cars arrive from overseas. In 2017 VPS started to manufacture and sell number plates which is now the focus moving forward. VPS Group is the sole owner of Vehicle Preparation Services Limited.

  • £5m Turnover with £550k Profit in 2017
  • Backed by Serial Entrepreneur Jordan Daykin as seen on BBC Dragons Den
  • Profitable year on year since 2004
  • Approved manufacturer of Number Plates to the British Standard

Idea

Since 2004, VPS has grown to five main divisions:

Labour and Technical Supply - we supply labour resource to vehicle manufacturers at the port of entry (primarily Bristol), carrying out vehicle enhancements such as fitment of leather seats, air conditioning etc.

Recruitment - recruitment and supply of staff to automotive customers and warehouse staff to the likes of PCL.

Line-X - a protective coating for vans/trucks replacing the need for ply lining offering a lifetime guarantee.

Consumable Supplies - supply of everyday items to the automotive industry from valeting chemicals to latex gloves

Number Plates - VPS manufacture and supply number plates. Having begun by selling directly to car manufacturers in 2018, the company has now started targeting over 58,000 registered number plate manufacturers. By manufacturing in the UK, our prices are very competitive within the industry and we now have an external sales team of 8 covering the UK and Ireland.

Over the next 3 years, the company aims to focus heavily on the number plate division with the new recruitment of a sales director to head up this strategy.

Our current forecast is 1 million plates for 2018 and we aim to achieve 3.2 million by year 3 which is a 16% market share within the UK. We believe at this point we will be in a strong position for exit.

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Vehicle Preparation Services 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.