A food-tech social business turning surplus farm produce into food products for the UK public sector.
Business overview
| Location | Redditch, United Kingdom |
|---|---|
| Social media | |
| Website | www.ample.shop/ |
| Sectors | Food & Beverage Non-Digital B2B |
| Company number | 15353197 |
| Incorporation date | 15 Dec 2023 |
Investment summary
Business highlights
- Working towards ambitious Year 1 revenue targets
- Strategic partnership with Oakland International
- £2.4B UK public sector market driven by ESG laws
- Upcycles farm surplus into zero-waste B2B meals
Key features
Pitch
About the Campaign
Ample upcycles surplus produce from UK farms into B2B food products for the £2.4BN UK public sector
Our circular logistics are designed to support the NHS with hitting mandated ESG goals. We have completed NHS tasting sessions, and we are rapidly scaling our operations through our Oakland partnership. Our core Year 1 objective is driving ARR growth.
Market Opportunity
UK public institutions in the £2.4B catering market must meet strict new ESG procurement laws, but legacy suppliers remain carbon-heavy.
Ample solves this by upcycling farm surplus into zero-waste B2B food, turning a £1.8B food waste problem into a social value solution for public sector procurement.
Traction & Key Accomplishments
Backed by up to £500k in strategic Oakland financing, we are rapidly scaling our operations.Following Commercial Crown Service trials, we have had discussions with Entegra about onboarding onto their 100M procurement system (UK Gov's Buying Better Food framework).
We are also in active discussions with Bidfood about joining their Open Doors program, which would plug our zero-waste food into a 40,000+ customer network. Finally, we have held exploratory discussions with The Felix Project regarding using their surplus food lines to supply our zero-waste B2B manufacturing model.
Use of Funds
Allocation: 40% CapEx/infrastructure, 30% circular container rollout, 20% B2B sales expansion, 10% working capital.
This unlocks our next major phase of commercial growth, helping us drive towards our Year 1 ARR objectives and our EBITDA profitability goal.
Key Information
Key information investment sheet
Key Investment Information Sheet is available by downloading the following documents:
- Key Investment Information Sheet [Danish]
- Key Investment Information Sheet [German]
- Key Investment Information Sheet [English]
- Key Investment Information Sheet [Spanish]
- Key Investment Information Sheet [French]
- Key Investment Information Sheet [Italian]
- Key Investment Information Sheet [Dutch]
- Key Investment Information Sheet [Portuguese]
- Key Investment Information Sheet [Swedish]
Founder Interests
The directors, Andrew Steel and Otis Aarts are also directors of Steeldom Associates Ltd and De Bellefroid Ltd, respectively. These businesses are consulting entities that the founders use to hold their shares in Ample, and were initially used to perform early consulting work before the founders joined Ample’s full-time payroll. They currently dedicate minimal time (just handling accounts at the end of the month) to these businesses, which do not compete with Ample.
Tax Relief
The company has £55,000 of their SEIS allocation remaining.
£194,719.90 of the direct investment reflected on the campaign page is not claiming SEIS relief; therefore, the first £249719.90 of investment on the campaign page will be eligible for SEIS tax relief. This will be allocated on a first-come, first-served basis.
Investments over £249719.90 will be eligible for EIS.
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