nHouse

Idea

Introduction

nHouse is a young disruptive housing company offering award-winning designs. We make houses using modular methods - meaning they are constructed in individual sections in a factory before being taken and connected together at a building site.

nHouse owns all of its designs and intellectual property and a showhouse. The 5 homes in our current range are eco-friendly, packed with lifestyle technology, spacious, have healthy home attributes, are low cost to run, and made of high-quality materials. BOPAS accreditation means they are not only mortgage friendly but also come with structural warranties.

To date, we have delivered housing projects in London, Wales, Devon, Oxfordshire and Cambridgeshire for both self-builders and developers.

In 2022 we aim to grow nDevelopments - our new housing development arm.

The UK government sees offsite house building as part of the solution to the housing crisis due to production speed, quality and eco-benefits.

Substantial accomplishments to date

Financial Accomplishments

Since 2016 we have been backed by 1,000+ private investors investing over £2m. Our 'lean' model has minimized setup costs.

In 2021 nHouse raised investment through UK Government's 'Future Fund' scheme.

We are committed to product improvement. In 2021 we submitted one of our largest claims to the UK’s Research and Development tax credit scheme (over £160,000.)

Awareness Accomplishments

nHouse won 'Contemporary Modular Housing Provider of the Year 2021' by Build Magazine.

nHouse won Gold in the 2021 London Design Awards

Head of Design and Production, Charlotte Garrett and our Head of Client Services, Emma Feaver have become Ambassadors for Women in Construction in 2021

We continue to be ranked on the front page of Google for modular house searches.

Environmental Accomplishments

nHouse delivers homes in the top A band of energy efficiency. Our homes are available with house batteries, solar power and Air Source Heat Pumps. Car rechargers come as standard.

38% of the CO2 generated annually is due to construction. However, offsite construction reduces CO2 production per house by approx 60%

Homes produces offsite in factories reduce material waste (and therefore landfill) by up to 90%. Energy used in site traffic movement can also be reduced by up to 70%. Building lifecycle energy usage can be cut by 20%

The total number of homes achieving A at EPC rating (like nHouse) in 2020 was less than 1%.

Monetisation strategy

nDevelopments is designed to increase sales output and to increase margins. This is achieved by enjoying both the typical margin of being a housebuilder alongside the margin normally achieved by property developers.

In 2023, we plan to launch new housing products such as assisted living housing, leisure homes and corporate accommodation. This will allow us to capture additional market share and grow revenue.

nHouse also aims to create partnerships with major construction companies in the UK and overseas in order to sell nHouses. This may be achieved via direct ownership, design licensing, franchising or joint ventures.

Ultimately, nHouse is aiming to be a volume UK and international housing supplier with a large turnover and strong margins whilst maintaining its environmental and social values.

We aim to reward investors via the ability to trade nHouse shares in the Seedrs secondary market and via other events that allow investors to achieve a premium.

Use of proceeds

This raise will be used in five ways:

1. Employment of additional personnel (e.g. Project Manager) over the next 12 months. .

2. Marketing activity (such as award entering etc) to raise awareness and credibility leading to increased sales.

3. Improvement of current nHouse products via design and prototyping.

4. Legal and advisory costs to support a major 2022 raise.

5. Runway Extension / Working capital to support sales.