An innovative, much-loved multi-channel food & drink provider in Cambridge, growing sales at 40% pa.
Business overview
| Location | Cambridge, United Kingdom |
|---|---|
| Social media | |
| Website | www.yourstir.co.uk/ |
| Sectors | Food & Beverage Non-Digital Mixed B2B/B2C |
| Company number | 09508827 |
| Incorporation date | 25 Mar 2015 |
Investment summary
Business highlights
- Cambridge is the fastest growing city in the UK
- We've helped shape the food & drink scene since 2015
- Stir has a craft bakery & outlets across the city
- Our bold plans match the ambitions of the city
Key features
Pitch
About the Campaign
Cambridge is a vibrant, wealthy, growing city, with bold goals.
The quality of the food & drink scene is vital to the overall quality of life in the city but currently falls short.
It is our ongoing mission to ensure Stir plays our part in making Cambridge the best place to live, work, and study.
Market Opportunity
Our beautiful city is full of chains. Housing estates get built without cafes or pubs. New offices & labs spring up, with basic canteens run by faceless conglomerates.
Stir knows the Cambridge market inside out and has made a difference but Cambridge needs us to do more and opportunities abound.
Traction & Key Accomplishments
Since 2015, Stir has been instrumental in shaping Cambridge’s food and drink scene through our specialty coffee, modern brunch and award-winning craft bakery offering. We are proud to have made a positive difference to the communities we serve.
We have a track record of growth and new thinking, having delivered major innovation and opened new outlets on a regular basis. We now have outlets open across Cambridge, a thriving online business, annual sales of £4m+ and ambitious growth plans.
Use of Funds
Our mission is clear: play a key role in making Cambridge the best place to live, work, & study in the world.
To do this Stir must be the home of the most-loved premium eat-in, eat-out, & take-home food brands in Cambridge.
We have exciting plans to accelerate our growth & deliver on this goal.
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 Republic Europe does not take any responsibility for them.
Key Information
Outstanding Debt
The Company has the following outstanding loans:
A Barclays loan with £16,724.00 remaining, at 6.7% interest, being repaid in monthly instalments of £1,816.
A Barclays loan with £18,396.00 remaining, at 7.49% interest, being repaid in monthly instalments of £1,818.
A Barclays loan with £32,242.00 remaining, at 8.7% interest, being repaid in monthly instalments of £1,567.
A HSBC loan with £138,082.00 remaining, at 9.99%, being repaid in monthly instalments of £4,650.
Barclays fixed Debenture for £150,000 HSBC fixed and floating Debenture for £205,000.
The funds raised in this round will not be used to repay these debts.
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