How to apply for this EIS
- Click on the Download button below to obtain all relevant literature.
- Read all the literature provided in full, ensuring you’re happy to proceed.
- Post the completed forms along with two valid forms of ID, and a cheque made payable to the provider, to: WealthMe, PO Box 362, Burgess Hill, West Sussex, RH15 5BH.
Free EIS Guide
Download our free & comprehensive guide to EIS. All investment decisions must be made solely on the fund's prospectus.
Fund title: Committed Capital EIS Growth Fund
We (Committed Capital) invest post revenue (£1m+) growth stage technology companies across a range of industry sectors where the potential for significant capital growth exists.
Our primary objective is to create attractive returns for investors from high quality investments; through the careful selection of potential investee companies, excellence in corporate finance skills and active support of portfolio companies.
Our investment strategy is based on the principle of unlocking and accelerating profitable growth in portfolio companies. In analysing potential investee businesses, we look for rapid growth in the underlying market as well as a technology and business designed to benefit from this growth. Our investee companies must have a clear and compelling proposition, be fully formed and have strong management. These factors are established during an exhaustive due diligence process.
Investments will be selected based on the following criteria:
• Dynamic Market – fast growing addressable market with low competitive intensity
• Well-Positioned Company – strong management team, robust forecasts for rapid growth over the investment period and clear potential for exit
• In-Demand Product – (or service) fully developed, addressing a clear market need, with a sustainable technology-based competitive advantage,
• Post Revenue – generating significant sales (£1m+ annually).
• Investor Protections – a significant minority (often 20-40%) of the equity sought, and a board seat and typical shareholder rights required.
There is a charge of 1.5% plus VAT to cover set up and administrative costs, calculated on the investment into the Fund less the charge referred to above.
The adviser charge or commission payment together with the initial charge will be deducted at the outset from the investment into the Fund. This net amount will be considered the Managed Amount for the calculation of annual management fees as set out below.
Please note that these upfront deductions will reduce the amount invested into investee companies, and will affect the final value of the investment and the tax reliefs that the investor is able to claim.
Annual Management Charge
There is an annual management charge (“AMC”) of 2% applied to the Managed Amount, referred to above.
Please note that an amount equivalent to the first 3 years’ annual management charges will be calculated at the outset and be held back in cash in the clients account and will reduce the amount invested into investee companies. This will affect the final value of the clients’ investment and the tax reliefs they are able to claim.
In years 4 and 5, the Managed Amount will be reduced by any investment returns (at cost) made to the client and the 2% charge will be accrued until returns allow the charge to be paid.
To the extent that the client has funds that remain invested after 5 years, no annual management charge will apply.
There is a performance fee payable equivalent to 20% of the profits returned in excess of the gross amount originally invested by the client into the Service (excluding all tax benefits), plus VAT where applicable (the “Gross Investment Amount”). Once the clients Gross Investment Amount has been repaid to them, the performance fee will apply to all consequent investee company exit proceeds.
Committed Capital retains the right to charge arrangement, monitoring and non-executive fees to investee companies in which the Fund invests. The costs of the deals that do not proceed to completion will be borne by Committed Capital.
*Rebate - Total 0% - ie Initial commission rebate 1%. The WealthMe 1% Arrangement fee is paid by the product provider and not from your Initial Charge.
If applicable we will ask the product provider to reinvest any initial or trail commission back into your plan. This will be either in the form of a reduction in their charges or an enhancement of additional shares. However if this cannot be facilitated, they will pay any initial or trail commission to WealthMe. We will then pay any surplus initial commission immediately back to the recipient. Any trail commission we receive will be paid to the recipient in January based on the amount received in the previous year (subject to a £10 administration fee). All initial and trail rebates will be paid net of basic rate tax and are to be treated as taxable income by the recipient as stipulated by HMRC.
WealthMe Arrangement Fee
Expected Close date
27 Feb 2020
Funds Raised and sought
£45.5m of £100m
The information given here has been taken from the product terms and conditions, brochure, and other literature available from the product provider. However, no guarantee can be made to the accuracy of the information. You should therefore satisfy yourself as to the full terms and risks of any investment by reference to the relevant materials provided by the product provider. In the unlikely event of any discrepancy between the information shown here and that provided in the provider literature, the product literature shall prevail. All investment involves risk and you could lose some or all of the money you invest.