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UNLTD.

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Award-winning, alcohol-free beer, brewed in the UK. Tastes as good as full-strength, without the hangover

116%
 - 
Funded 17 Jan 2022
£350,003 target
£408,540 from 87 investors
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Business overview

Location Ware, United Kingdom
Social media
Website www.unltd.beer/
Sectors Food & Beverage Non-Digital Mixed B2B/B2C
Company number 12187743
Incorporation date 3 Sep 2019
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Investment summary

Type Equity
Valuation (pre-money) £2M
Equity offered 17.20%
Share price £19.63
Tax relief

EIS

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Business highlights

  • Featured in The Independent, The Telegraph, GQ & The Grocer
  • Since launching in June 2020, already in 100+ stockists
  • Multiple-award winning brand, including 3 World Beer awards
  • 125% YOY growth between 2020-2021*
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Key features

  • Secondary Market
  • Nominee investment min. £19.63 +
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 87
  • Discussion
  • Documents

Idea

Introduction

Love beer but hate hangovers? It’s an age-old dilemma but to the dull, bland & watery alcohol-free beers of old we say HELL NO! Combining the finest ingredients with modern brewing techniques, UNLTD. offers award-winning drinks that have the delicious taste of a full-strength beer, whilst being alcohol-free, gluten-free, low-calorie, high in vitamins & vegan. It’s freedom without compromise - or a sore head.

The social & downtime experience matters, whether it’s catching up with friends over a pint in the pub or kicking back at home and unwinding with a beer or 3. But for many, such as the 6.5M UK Dry January participants, the lifestyle we lead is changing. There’s a growing focus on wellness, and a bigger awareness than ever of the impact alcohol can have on our health.

UNLTD.’s passion for quality ingredients & brewing techniques means people no longer need to feel like they’re missing out or giving up something they enjoy. With UNLTD., the only thing you’ll lose is the hangover.

*Based on unaudited management accounts

Substantial accomplishments to date

Since our 2020/2021 launch, we’ve already been stocked in 100+ points of sale across the UK.

- Potential: Fully developed eCommerce website and Amazon store with over 1400 D2C sales so far.

- UNLTD. have picked up multiple awards: 3 World Beer awards and a Gold winner in the World Beer Challenge 2020 and 2021.

- The UNLTD. range has been featured in GQ, The Independent, The Telegraph and The Grocer.

- We have 5k combined social media followers across Instagram and Facebook.

- Every UNLTD. beer is rich in vitamins, as well as being one of the lowest calorie beers on the UK market. The range is also vegan and gluten-free.

- Majority of reviews are 5 star across the UNLTD. website and Amazon

- UNLTD. has been reviewed and endorsed by The Independent and Chatting Food magazine.

Monetisation strategy

Despite launching in the middle of a global pandemic, which saw the hospitality sector completely shut down for several months, we've still managed to be listed in on-trade and off-trade, with 100+ pubs, restaurants and shops stocking our beer. We’ve also made strong strides with our D2C stream, with a rate of 55% returning customers, and we’re listed on Amazon too.

In fact, our customers love our beer so much that we started a subscription service to meet their desire for a satisfying AF experience that doesn't run out. We already have 37 live subscribers, despite no active marketing for this service.

We currently have a 50:50 split between D2C and on-trade / off-trade sales, with a 25% margin across the board.

Use of proceeds

Funds raised will be divided between:
50% Recruitment. We're proving popular with the trade, and we know there are lots more pubs, restaurants and bottle shops that would love to stock UNLTD. and offer people a quality, alternative drinking experience. We'll use part of the funds raised to recruit 1-2 sales people and 1 sales manager, to focus on accelerating our growth into the on-trade and off-trade sector.

40% Marketing: Our D2C website has been so successful that in the early days our customers completely cleared us out of stock. 55% of website customers are repeat purchasers, demonstrating the regular thirst for our tasty, nutritious alcohol free offerings. We'd like to expand on our success so far by increasing our marketing presence across social and PPC.

10% Production: We forecast an increase in sales due to our sales and marketing plans, so we'll be using some of the funds raised to ramp up our production and meet demand.

Key Information

Outstanding Debt

The company has a bounce back loan of £35,000. This loan was Interest free for the first 12 months with an interest rate per year of 2.5% thereafter. It is repaid in monthly instalments of £583.33, with the final repayment date due in June 2026.

Funds raised as part of this round will not be used to repay outstanding debt.

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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 UNLTD. has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 5 January 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 £1,963,000

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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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

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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.

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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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