NB: Due to a significant change in the application process for Advanced Assurance that has been introduced by HMRC which will affect the whole market, it is not possible to commit to investing the SEIS portfolio, being closed on the 24th of March in this current tax year, for carry back purposes. Due to our current book of existing EIS and SEIS companies we believe that we can invest our EIS in this tax year for carry back purposes. If you have any questions or seek clarification please contact Piers Denne on 07837715679
The Blackfinch Asset Focused EIS Portfolios allow investors to access the attractive tax benefits of EIS by investing into EIS qualifying companies managed under a capital preservation mandate.
The Blackfinch Asset Focused EIS Portfolios will initially invest into two sectors: residential property construction and commercial property construction.
Blackfinch may look to introduce additional sectors so long as there is Advance Assurance in place and the investment proposition meets the mandate for the EIS Portfolios.
At the end of the EIS holding period (3 years from the start of trade date), the directors of the companies will, having consulted the shareholders, decide what the future for the companies are. The typical options will be:
Blackfinch Investment Solutions
Blackfinch is an established UK provider of capital protected and tax efficient investment solutions. Our philosophy is based on transparency and simplicity. Our services provide real solutions to real financial planning challenges faced by individuals today. We have been operating in the UK retail investment market since 1992. Our focus has been primarily on tax efficiency, coupled with capital preservation, and our track record reflects a growing client base, with group assets under administration and management of approximately £500 million.
For more information please visit Blackfinch.com
Blackfinch Investment Solutions
Up to 8% (eight per cent) of all funds raised will initially be set aside to set up costs, legal costs of the Company, Introducing Adviser’s fees and other third party costs in relation to the establishment of the Company.
The Senior Management Team will each be paid an annual salary of between £5,000 and £10,000 and in addition will be entitled to a Performance Fee (see below).
5%, paid by each investee company when it is initially funded.
2% paid by the investee companies
25% share of returns from the investment, subject to investors receiving £1.05 for every £1 invested. All fees and costs are exclusive of VAT, which will be charged where applicable.
None
The Scheme is structured as a Discretionary Managed Service and the Information Memorandum can be found at blackfinch.com/int-asset- focused-eis-portfolios.html
£1.25
Crematoria and property construction (residential and commercial)
Asset backed
Minimum 1 company Targeted: No value given Maximum: No value given
The Nominee: Woodside Nominees Limited The Custodian: Woodside
An investor qualifies as an High Net Worth investor if they have
(a) An annual income to the value of £100,000 or more;
(b) Net assets to the value of £250,000 or more. Net assets for these purposes do not include:
(i) the property which is their primary residence or any loan secured on that residence;
(ii) any rights under a qualifying contract of insurance within the meaning of the Financial
Services and Markets Act 2000 (Regulated Activities) Order 2001; or
(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of their service or death or retirement and to which they are or (or their dependants are), or may be, entitled.
An investor qualifies as ar Self-Certified Sophisticated Investor if at least one of the following applies:
a) they are a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below
b) they have made more than one investment in an unlisted company in the two years prior to the date below
c) they are working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium sized enterprises
d) they are currently, or have been in the two years prior to the date, below a director of a company with an annual turnover of at least £1 million