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OFFschool

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FREE Language Learning Application; always live; always interactive; always fun.

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Funded 12 Apr 2021
£200,000 target
£252,080 from 0 investors
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Business overview

Location Tywardreath, Par, United Kingdom
Social media
Website www.sul.education
Sectors Content & Information Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 01474436
Incorporation date 22 Jan 1980
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Investment summary

Type Equity
Valuation (pre-money) £5M
Equity offered 3.85%
UK tax relief N/A
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Business highlights

  • 45 years of gathered academic content
  • Calculated reach of 600 million 7-19 year olds
  • Network of 4k sales agents from 120+ countries.
  • Accredited by ABLS, official accreditation body in the UK.
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Key features

  • Secondary Market
  • Nominee investment min. £10.00 +

Idea

Introduction

OFFschool is the Free Language Learning Application. Same high-quality programmes which made SUL Education one of the leaders in the global Junior education travel market.

Always LIVE; always INTERACTIVE; always FUN; but, most importantly, it's FREE and will be available to everyone who has access to the internet.

Students will be able to download our Free OFFschool App or register by visiting the offschool study website

From beginner to proficiency, there will be 7 different levels, ensuring that each individual student's learning requirements are met.

Daily lessons, assignments and activities will always be followed by a weekly progress test. These tests will provide continuous assessment allowing the student to see first-hand the progress they are making.

The beauty of OFFschool, is that students can study, as long as they want. A week, a month, or even a year. Its always free. But if they want to purchase an original UK Accredited certificate they will have to purchase it.

Substantial accomplishments to date

• Since 1976 SUL Education has organised English language courses and school educational visits for international students in the UK, US, Ireland, China and Spain.

• SUL Education is accredited by ABLS, one of the official accreditation bodies in the United Kingdom.

• Members of UN initiative Caring for Climate.

• Each year SUL Education accepts 5000+ students from all over the world.

• Strong and reliable partnerships with hundreds of education travel agencies from more than 120 countries.

• SUL’s international junior summer programmes reached global marketing success, when in 2018 SUL was among 5 finalists for StudyTravel Star Awards in Junior Courses for the under 18s Category worldwide.

NETWORK AND REACH

• SUL Education has strong and reliable partnerships with hundreds of education travel agencies from more than 120 countries.

• After conducting partner research, we’ve calculated that our network of educational travel agencies has a potential to reach more than 600 million 7-19 year olds who do not travel. OFFschool is a new sales channel and source of income, which will be crucial for educational travel agencies to survive due to the current economic situation.

• OFFschool Advisory Board. We have recruited an assembly of senior professionals whose main role is to accompany the project toward its launch and throughout the different stages of its development.

Monetisation strategy

All the courses will always be free, but if the student needs proof of their studies, we will offer a purchase of an accredited certificate at a cost of just £19.

Sources of income:

• Sales of Accredited Certificates
• In-App and streaming advertising
• One stop International language tests shop
• On-line Merchandise shop

REFERRAL PROGRAMME

The OFFschool Referral Pot will be created along with the algorithm on how much each partner educational travel agency will receive, based on numbers of students from the precise region who are using the service.

The OFFschool Referral Pot will consist of up to 20% of revenue made from sales of Accredited Certificates plus In-App Streaming advertising.

Use of proceeds

The funds raised will be used predominantly in three areas:

TEAM AND PRODUCT (50%) - The funds will help ensure we are able to invest in our world class team. Meanwhile, our product roadmap will include services such as IOS, android and the desktop app development, live lessons streaming interface and software development, certificates, international language tests and merchandise, e-shop structure and logistics system implementation.

REFERRAL PROGRAMME (20%) - ‘The OFFschool Referral Pot will be created along with the algorithm on how much each partner educational travel agency will receive, based on numbers of students from the precise region in which studentsare using the service. Recruitment of 1000+ Educational travel agencies will be organised.

USER ACQUISITION (30%) - We will accelerate our user acquisition efforts through multiple channels such as performance marketing and our grown network of affiliates, educational travel agencies participating in the referral programme.

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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 OFFschool has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 13 October 2020 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.

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Valuation rounded from £5,000,000

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