Barrel and Stone Ltd (2023)

Barrel & Stone Limited is seeking to raise £350,000 in return for 2.83% equity.

Barrel & Stone is an artisan pizza company founded in 2015 to provide a quick, simple and cost-effective food offering to hospitality venues. By using it's partners' premises and staff to sell pizza, set-up costs are kept to a minimum. This minimal cost of set up enables rapid expansion and roll-out of the business, thus increasing coverage and brand awareness.

The proceeds of the fundraise are to be used to hire additional sales and account management staff, as well as investing in the development of the Company's delivery model - 3 key areas identified to accelerate growth. The raise is purely growth capital and has been discounted.

Further information can be found in the Investor Presentation.

Deal Structure

The Company is seeking to raise a total of £350,000 in return for 2.83% equity in the company i.e. a pre-money valuation of £12,000,000 and a subscription price of £10.623 per share. 

The Company has a single share class and investors will be issued shares that rank pari passu with the existing share capital.

The minimum subscription amount is £5,000 or such other minimum subscription as the directors and Asset Match may determine from time to time.

Participation of existing shareholders and new investors, and final allocations, is at the discretion of the Company and Asset Match.

EIS Tax Relief

This fundraise qualifies for EIS tax relief and the timing of this opportunity allows investors to potentially utilise two EIS tax years.

To take advantage of any EIS tax relief for this year, it is recommended that cleared funds should be received by the company prior to Monday, 3rd April 2023.

The availability of any tax relief, including EIS and SEIS, depends on the individual circumstances of each investor, and may be subject to change in the future. If you are in any doubt about availability of any tax reliefs, of the tax treatment of your investment, you should obtain independent tax advice before proceeding with your investment.

Please visit the HMRC website for further information on EIS tax relief.

Deadline

The fundraise will close at the Company's earliest opportunity - payments from any participating existing shareholders and new investors are to be received by the Company at close of business on Wednesday, 31st May 2023.

This summary should be read in conjunction with all documentation made available on this site. Please read the supporting documentation carefully before making any investment decision.