Sunday, August 10, 2014

Cloud Funding II / Clear Books plc is raising £3.3M. You can own a part of the Company from as little as £12.

Clear Books writes:  Clear Books provides award winning cloud accounting software & easy to use cloud payroll and HR software to small businesses in the UK typically with less than 50 employees.

Cloud Funding II
Cloud Funding II is Clear Books plc’s second public funding round. In 2013 Clear Books took the crowdfunding model and turned it on its head. We created our own crowdfunding platform to manage the funding process from start to finish. Cloud Funding raised £840k from 736 investors. It was heavily oversubscribed with a waiting list totalling £1.1m.
Now it’s back. Bigger and better.


Key points

Growth company.
Revenue increased 74% to £823k for the year ending 31 March 2014.
Santander partnership.
A partnership with Santander, launched on 23rd June 2014, has the potential to be a significant source of growth for Clear Books.
Award winning.
In February 2014 Clear Books won the UK Cloud Awards Accounting product of the year.
Tax Relief.
A tax break, worth up to 30% of the cost of investment, may be available to UK tax payers in the form of EIS relief (subject to authorisation from HMRC, individual eligibility and compliance with requirements for such relief).
Together in business.
Clear Books has 736 shareholders (many of them customers), 33 employees. 7,000 customers have processed more than £2bn.
For more reasons to invest please read our Share Information Document.

FAQ

What are the risks?

Please read the “Important notice” on pages 3-5 and “Risk factors” on pages 53-60 of the Share Information Document to fully understand the risks involved. An investment in shares is speculative, and so you should carefully consider the risks and warnings before deciding if this is right for you and only invest what you can afford to lose.

How do I buy shares?

1. Read our Share Information Document, particularly the “Important notice” on pages 3-5, “Risk factors” on pages 53-60 and the “Terms & conditions of a share application” on pages 63-71.
2. Click on this application form to apply for shares. You will be asked for your debit card details to pay for the shares.
3. Our crowdfunding platform processes payments and issues share certificates. To view share certificates and other communications log into our investor module.

How much is one share?

One share costs £12. There is no minimum investment, and the maximum investment is subject to the amount of shares available at the time of investing.

What payment methods are accepted?

Our online Application Form only accepts payments by debit card. For payments over £100,000 please contactinvestors@clearbooks.co.uk.

What is EIS tax relief?

EIS is a tax relief scheme that could save you up to 30% of your investment if HMRC authorises the Company to issue EIS3 certificates and if your personal circumstances mean that you comply with EIS requirements. We strongly recommend that you speak to an accountant for more information and read the following guidance from HMRC.

How is this financial promotion regulated?

These webpages and our Share Information Document are approved by Brunel Capital Ltd as the authorised person under s.21 of the Financial Services and Markets Act 2000. Brunel Capital Ltd is a company registered in England and Wales with company number 06480836. Brunel Capital Ltd is regulated by the FCA with firm reference number 488757.

What is the money for?

Clear Books intends to raise £3.3m to pursue a strategy to increase the number of small businesses that use Clear Books.

What happens if Clear Books doesn’t sell all the shares on offer?

If you apply and pay for shares and your application is approved then you will receive a certificate for the shares purchased regardless of the total amount we raise. Clear Books reserves the right to extend the Closing Date or close the Share Offer early, or to accept oversubscriptions.

How can I ask a question not answered above?

Email investors@clearbooks.co.uk and one of our Directors will respond.

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