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Salcombe Dairy

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Grow Salcombe Dairy's successful retail sites geographically & invest in bringing traffic to our website

116%
 - 
Funded 19 Aug 2025
£250,007 target
£292,356 from 166 investors
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Business overview

Location Salcombe, United Kingdom
Social media
Website salcombedairy.co.uk
Sectors Food & Beverage Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 06163893
Incorporation date 15 Mar 2007
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Investment summary

Type Equity
Valuation (pre-money) £4.5M
Equity offered 6.09%
UK tax relief N/A
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Business highlights

  • Maker of world-famous, award-winning ice cream
  • Successful online retailer of artisan chocolate
  • Creating only reuseable or compostable packaging
  • Profitable retail shops to date in seasonal sites
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Key features

  • Secondary Market
  • Nominee investment min. £39.14 +

Pitch

About the Campaign

Salcombe Dairy is a family-owned business which has been making award-winning ice cream in Devon for over 45 years. To balance seasonality, we also make artisan chocolate, as premium gifting for Christmas & Easter. Everything we make is 100% natural, nut free, gluten free, egg and palm oil free.

Market Opportunity

Our business, selling 2.5 million scoops of ice cream per year has grown 306% organically since 2010 to £2.75M turnover.

The UK Artisanal Ice Cream market was valued at $583.8 Million in 2022, and is projected to reach $1,296.8 Million by 2032 growing at a CAGR of 8.36% from 2023 to 2032 (Apollo).

Traction & Key Accomplishments

Salcombe Dairy is a well-known brand serving 120,000 customers per year in our own five shops, as well as wholesale customers including Singapore Airlines, Hall & Woodhouse pubs, and a major hotel. Our online retail of ice cream and chocolate by post has grown from zero to £97K p.a since 2020, tracking 30% growth YOY. Our Devon retail shops have grown 180% over the past 6 years.

Use of Funds

We have opened five profitable shops in Devon over the past ten years. With your investment, we can open shops in premium locations with much higher year round footfall like Bath & Oxford.

We will also invest in generating traffic to our website through ads which we have not had funds for.

Investor Perks

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 and listed above. It is the company’s responsibility to honour such discounts, rewards and/or offers and Seedrs does not take any responsibility for them.

Key Information

Key information investment sheet

Key Investment Information Sheet is available by downloading the following documents:

Outstanding Debt

The company has the following loans:

1. An overdraft facility of £220,000 with Lloyds bank, of which £200,000 is currently in use. The facility has 8.2% interest. Due to the seasonality of the business, the overdraft is used seasonally.

2. A Director's loan of £215,000.00 with 0% interest. This loan was drawn down in January 2025, and is being repaid in instalments of £1,250 per month.

3. A Director's Loan of £48,162.89 with 8.2% interest. The loan was drawn down in August 2017, and is repaid in monthly instalments of £2,000 from July 2025.

The funds raised in this round will not be used to repay these debts.

Share Class Disclosure

The company has 6 share classes - A,B,C,D,E Ordinary, and F. All share classes have the same rights attached to them.

Investors in this round will be receiving F Shares.

N.V Foods

N V Foods Ltd is a business that is owned wholly by Nicholas John Boscawen an Virginia Mary Rose Boscawen and charges a commission for sales made through Salcombe Dairy's South East offices.

NV Foods are responsible for the distribution of Salcombe Dairy Products in the South East.

Group Structure

The company is made up of 2 entities:

1. Salcombe Dairy (UK) Ltd.
2. Salcombe Dairy Limited.

Salcombe Dairy (UK) Ltd is the TopCo and the company in which investors will be receiving shares. The subsidiary is currently dormant, and is wholly owned by Salcombe Dairy (UK) Ltd.

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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

Only shareholders can access this page

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

Buy shares

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 Salcombe Dairy has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 24 June 2025 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 £4,499,887

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 Republic Europe.

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 Republic Europe 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, Republic Europe 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 Republic Europe will not benefit from any rights under a shareholder agreement. As a result, Republic Europe 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.

Learn more about Custodian here

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

If available, 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 Republic Europe. 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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