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Sky Wave Gin

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An exciting and internationally recognised brand, growing rapidly at the premium end of the gin market.

116%
 - 
Funded 7 Dec 2022
£185,003 target
£215,280 from 185 investors
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Business overview

Location Bicester, United Kingdom
Social media
Website skywavegin.com
Sectors Food & Beverage Mixed Digital/Non-Digital Mixed B2B/B2C
Company number 11929772
Incorporation date 5 Apr 2019
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Investment summary

Type Equity
Valuation (pre-money) £1.4M
Equity offered 13.47%
Share price £6.9
Tax relief

EIS

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Business highlights

  • Named World's Best Contemporary Gin 2020, 18 months after launch
  • 39 international awards and accolades in 32 months
  • Increased revenue by 339% in 3 years
  • Revenue streams, including own brand, bespoke clients, & events.
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Key features

  • Secondary Market
  • Nominee investment min. £13.80 +
  • Idea
  • Investor Perks
  • Key Information
  • Team
  • Updates
  • Investors 185
  • Discussion
  • Documents

Idea

Introduction

Sky Wave Gin is about carpe diem, seizing the moment, adventure and exhilaration. It is an ultra-premium gin, for the epicurean spirits drinker.

Unable to find their perfect gin, founders Rachel Hicks and Andrew Parsons seized the moment and created their own, crafted to reflect the adventures they've had travelling through skies and over waves around the globe.

The result is a range of sublime gins which have won an incredible number of
international awards in just 4 short years. The first, Sky Wave Signature London Dry, was named The World’s Best Contemporary Gin at The World Gin Awards 2020. We also produce award-winning bespoke gins for premium clients such as Blenheim Palace.

The next stage on the Sky Wave Journey is to produce breath-catching bespoke
packaging to reflect the quality of the liquids inside and expand sales and marketing as part of an overall plan to grow the business.

We invite you to join us on our new venture and the enthralling opportunities it could bring.

Substantial accomplishments to date

• Oct 18: Sky Wave Gin founded and Signature London Dry Gin launched.

• Jan - Dec 19: A further 3 gins launched to grow the portfolio, Navy Strength, Raspberry and Rhubarb and Spiced Apple Gin Liqueur. Sky Wave Signature London Dry wins first global medal, a double gold at the China Wine and Spirit Awards.

• Feb 20: Sky Wave Signature London Dry Gin named The World's Best Contemporary Gin at the World Gin Awards.

•Apr - Jul 20: Sky Wave Navy Strength scoops first of two top awards (Master Award, above Gold) at the Global Spirits Masters, the subsequent in 2022.

• Jul - Nov 20: Two more gins launched, including a unique, limited edition industry-first cask aged gin and a new London Dry, Liberation, which wins Gold at the World Gin Awards 2022.

• Jan 21: Product demand and growth is such that Sky Wave Gin has to move into a brand new, larger, purpose built distillery at the iconic Bicester Heritage site.

•Feb 21: The book Craft Gin Making is published. Commissioned by Crowood Press, written by Andrew Parsons and Rachel Hicks. Sold in bookstores and online. A second print run was produced in 2022.

• May 21: Sky Wave Orange and Madagascan Vanilla Gin launched - one of the highest scoring orange gins in the world at the 2021 International Wine and Spirits Competition.

• Jun: 21: Sky Wave Gin's Master Distiller, Andew Parsons, shortlisted for Icons of Gin World's Best Master Distiller, World Gin Awards.

• Mar 22: National listing achieved with the Craft Drinks Company.

Monetisation strategy

Sky Wave Gin has the following revenue streams:

• Own brand (Sky Wave Gin): a portfolio of 6 gins including 3 fruit gins; internationally recognised at the highest levels in global competitions. Currently 77% of revenue*. Further products, including no-alcohol, are in development.

• Own brand events, including distillery tours, gin tastings and bespoke events, promoting the Sky Wave brand in our new experience centre and bar. Other public-facing offerings are in development. This revenue stream has increased in monthly average revenues by 85% comparing last year with the first 5 months of 2022*.

• Bespoke gin creation; Sky Wave Gin creates and distils award-winning products for clients such as Blenheim Palace Gin, Birch Gin and Meadowcourt Gin. Critically, Sky Wave Gin retains the ownership of the recipes, locking in clients. This growing stream currently generates 20% of revenue*.

• White label gin production; we never rebrand Sky Wave Gin. However, we have a separate gin which we brand for lower volume clients. Currently 2.3% of revenue*.

*Revenue figures from unaudited management accounts.

Use of proceeds

Having won numerous international awards in under 4 years, we are confident that the liquid in Sky Wave Gin’s bottles is world-class. However, it is a truism that the first bottle is bought with the eyes, not by taste. Sky Wave Gin is winning hands down on taste – it now needs to win on aesthetics.

We therefore need world-class packaging to match the liquid in the bottles. We are fund raising to create and produce a bespoke bottle design as part of an overall plan to significantly invest and grow our sales and marketing divisions to ensure continued impressive growth.

Once funding is in place, we aim to have the best packaging in the world, fit for our world class liquid. Backed up by a larger, robust team to drive its promotion and sales to the market.

Plan for use of funds as follows:

Bottle Design 11%
Bottle Mould 12%
Working Capital 16%
Initial Bottle Order 22%
Marketing 39%

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. 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

Debt

The company has the following outstanding loans:

CBILS loan taken out in September 2020 at an interest rate of 2.5% with monthly repayments of £496.35. The company expects to have this repaid by September 2030 with £42,736 outstanding.

Fleximize Loan taken out in May 2022 for the expansion of distillery facilities at an interest rate of 30% pa. Monthly repayments of £1,467.70 expected to be repaid by May 2024 with £6,250 outstanding.

CBILS Loan from Tower Leasing Loan for HP of equipment. Taken out in February 2022 at an interest rate of 0% with monthly repayments of £220.91 to be repaid by February 2025 with £4,695 outstanding.

Director's Loan of £36,845 to fund growth at 0% interest. Will be withdrawn at an appropriate stage of profitability with no set deadline.

Overdraft facility of £25K in use for cashflow purposes.

Funds from this round will not be used to repay these loans.

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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

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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 Sky Wave Gin has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 18 October 2022 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 £1,380,000

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

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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).

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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

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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.

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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

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Security Token

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