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Not In The Guidebooks

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A premium responsible travel platform offering immersive local experiences for independent travellers.

112%
 - 
Funded 7 Jul 2023
£400,002 target
£451,747 from 238 investors
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Business overview

Location Borehamwood, United Kingdom
Social media
Website www.notintheguidebooks.com
Sectors Travel, Leisure & Sport Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 10554780
Incorporation date 10 Jan 2017
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Investment summary

Type Equity
Valuation (pre-money) £4.6M
Equity offered 8.95%
Share price £2.54
Tax relief

EIS

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Business highlights

  • £3m in booked revenue selling over 1600 experiences*
  • Contracts with major UK groups accessing 15K+ agents
  • Agents booking av 2.5x. AOV £2,354 with 22% margin
  • Ethical foundations – working with Travellife & Travel Foundation
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Key features

  • Secondary Market
  • Nominee investment min. £12.70 +
  • Idea
  • Key Information
  • Investor Perks
  • Team
  • Updates
  • Investors 238
  • Discussion
  • Documents

Idea

Introduction

There is a growing demand for experiential and wellness travel.

Not in the Guidebooks offer authentic experiential travel designed and delivered by local hosts. Day experiences and longer itineraries all packed with local experiences, staying in premium accommodation, with transfers included making it hassle-free and easy to book.

We help travellers experience new places through the eyes of the people that live there. Meet the locals, taste the food, experience the culture and get right under the skin of the places they visit, to make unforgettable memories.

By connecting travellers with local hosts, we save them time searching for the finest things to do during their holiday. Whether they're seeking a private trip or a group experience, an immersive adventure or a taste of local culture, our experiences are crafted to be distinctive and modular, seamlessly fitting into any itinerary. We strive to make local travel effortless and enjoyable for all.

Substantial accomplishments to date

Since our successful fundraising in October 2019, we have achieved significant growth, with over £3.0m in booked revenue* from 1,600 bookings.

We have partnerships with major UK travel agencies including Hays-Travel, Travel Counsellors, Co-op Travel, and Designer Travel, providing access to over 15,000 travel agents,
and with prominent UK tour operators, including Gold Medal, JTA, and TravelPack.

With a global network of over 250 travel partners in 25 countries, we offer a wide range of more than 1,200 experiential itineraries.

Responsible travel is at the heart of our business and we work closely with The Travel Foundation, Travellife, and Travel4 Impact. As part of our commitment, we are actively pursuing B-Corp certification.

Through affiliate partnerships with publications such as Wanderlust and The Sunday Times, and brand collaborations with AVIS, Galaxy, and Kind Snacks, we have established a strong presence in the market.

* based on unaudited accounts.

Monetisation strategy

Customers and travel agents can easily book experiences directly through our user-friendly website. Our average order value is currently £2,500, with a commission rate of 22%.

Our primary market focus is on the travel trade, enabling travel agents to curate bespoke holiday packages by accessing our wide range of high-quality, authentic experiences. This approach offers a cost-effective route to market, with agents promoting our experiences to their customers and receiving a 10% fee. We have a high repeat booking rate, 40% of our agents are repeat bookers, with 10% making five or more bookings.

On average we are spending £170 on acquiring a new booking; we expect acquisition costs to continue to fall as we increase traffic from search engines, PR, social media & strategic partnerships.

Use of proceeds

This funding will allow us to make further investments in three key areas:

• Enriching the Experiences: We will bring in experts to collaborate with local partners, ensuring the creation of more unique and innovative itineraries.

• Enhanced Customer Experience: We aim to improve the booking process for both agents and travellers, providing easy access to all our experiences, seamless management of bookings, comprehensive itinerary information, and essential documents. Our host portal will allow local operators to easily manage their experience content on the website, manage their bookings and create promotional activity

• Driving Sales Growth: By intensifying our presence through effective PR campaigns, engaging social media strategies, and strategic partnerships, we will generate more awareness and inspire travellers to explore our offering. We will actively engage travel agents through events, training sessions, webinars, and by providing them with compelling marketing collateral and content to share with their customers.

Key Information

Debt

The company has the following outstanding loans:

£37,714 bounce-back loan at an interest rate of 2.5% per annum. The loan is to be repaid on the 6th of June 2030.

The funds raised from this investment round will not be used to repay these loans.

Investor Perks

Grab a slice of the pie and get extra rewards.

Please note that any discounts, rewards and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.

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If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Share on:

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Not In The Guidebooks has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 1 June 2023 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £4,592,226

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

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Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

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Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

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