Quantcast Downing Pub EIS - Tranche 3 | Investors | Downing

Please select your category from the list below. I am a/an:

IFAs, wealth managers or other FCA regulated persons

I am an authorised adviser in respect of investments my clients may wish to make through Downing LLP.

 I make this statement so that I can receive promotional communications relating to non-readily realisable securities as an adviser who specialises in advising on investments. I confirm that I am sufficiently qualified to provide clients with advice about the suitability of Downing’s investments.

By clicking confirm, I have read and agreed with these terms and conditions

I have taken advice from an authorised adviser in respect of any investments I may wish to make through Downing LLP.

I make this statement so that I can receive promotional communications relating to non-readily realisable securities as an advised investor. I declare that I qualify as an advised investor because:

(a) I am already a client of a regulated firm, such as an Independent Financial Adviser or Wealth manager; (“my financial adviser”); and

(b) My financial adviser will advise my about whether any investment are suitable where I viewed the investment details through Downing’s website.

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested.

By clicking confirm, I have read and agreed with these terms and conditions

I confirm that one or more of the following criteria applies to me.

1) I have a total annual income or £100,000 or more during the last 12 months;

2) I have net assets of £250,000 or more (not including my primary residence, or assets due under an insurance contract, or pension or termination benefits).

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-readily realisable securities. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

(a) I had, throughout the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;

(b) I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more.

Net assets for these purposes do not include:

(i) the property which is my primary residence or any loan secured on that property;

(ii) any rights of mine under a qualifying contract of insurance; or

(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from someone who specialises in advising on investments.

By clicking confirm, I have read and agreed with these terms and conditions

I confirm that one or more of the following criteria applies to me:

1) I have been a director of a company with an annual turnover of £1 million or more in the last 12 months;  

2) I have made more than one investment in an unlisted company in the last year

3) I have been a member of a group of business angels for at least 6 months

  4) I have worked in the finance industry in an active professional capacity, financing small and medium firms in the last 24 months.

I declare that I am a self-certified sophisticated investor for the purposes of the non-readily realisable securities. I understand this means:

(a) I can receive promotional communications made by a person who is authorised by the Financial Conduct Authority which relate to investment activity in non-readily realisable securities;

(b) the investments to which the promotions will relate may expose me to a significant risk of losing all of the property invested I am a self-certified sophisticated investor because at least one of the following applies:

(i) I am a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below;

(ii) I have made more than one investment in an unlisted company in the two years prior to the date below;

(iii) I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;

(iv) I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from someone who specialises in advising on investments.

By clicking confirm, I have read and agreed with these terms and conditions

I agree to invest no more than 10% of my savings (including shares, bonds, ISAs and property, excluding my primary residence) into investments that cannot be easily sold.

  I make this statement so that I can receive promotional communications relating to non-readily realisable securities as a restricted investor. I declare that I qualify as a restricted investor because:

(a) in the 12 months preceding the date below, I have not invested more than 10% of my net assets in non-readily realisable securities; and

(b) I undertake that in the 12 months following the date below, I will not invest more than 10% of my net assets in non-readily realisable securities.

Net assets for these purposes do not include:

(a) the property which is my primary residence or any money raised through a loan secured on that property;

  (b) any rights of mine under a qualifying contract of insurance; or

  (c) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be entitled.

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from an authorised person who specialises in advising on non-readily realisable securities.

By clicking confirm, I have read and agreed with these terms and conditions

Downing Pub EIS - Tranche 3

Deadlines for applications to Downing Pub EIS 3

  • Application forms and bank transfers: by 3pm on Thursday 1 March 2018. 
  • For applications by cheque: by 3pm on Friday 23 February 2018.

 

This EIS will invest in the growth of two UK pub companies while offering access to attractive EIS tax reliefs. Please read the key risks below.

 

Introduction

The Downing Pub EIS - Tranche 3 will invest in two newly established UK pub companies while offering access to attractive EIS tax reliefs, including 30% income tax relief in the 2017/18 and 2016/17 tax years (via carryback). Both companies have received advanced assurance from HMRC that the shares being issued to investors should qualify for EIS relief.

 

Maverick Pubs Ltd

The company is seeking to build an estate of high-quality freehold pubs in London and the South East and has exchanged contracts to purchase its first site in West London. Maverick Pubs is headed by sector veteran David Bruce, who leverages a 50-year entrepreneurial career in both brewing and building pub groups. 

 

Grosvenor Pubs Ltd

Grosvenor Pubs is seeking to build an estate of premium gastropubs in well-connected commuter belt towns and villages. The management team is led by a highly-experienced restaurateur and pub operator and a financial director with over 20 years' investment and advisory experience.

Attractive tax reliefs to benefit from

The service offers tax reliefs that could benefit those looking to save income tax, shelter assets from inheritance tax or defer a capital gain (subject to personal circumstances).

Listed below are the main tax reliefs available under the service:

  • Income tax relief of 30%: You’ll receive 30% income tax relief on your subscription, up to a maximum £1,000,000 investment in this tax year (subject to your income tax liability and personal circumstances). You can also carry back to the previous tax year, again limited to £1,000,000. Please remember, you’ll need to hold the shares for at least three years from the date of issue or start of trading (whichever is later). If you sell them within this time, you will need to repay this tax relief.
     
  • Inheritance tax (IHT) relief: If you have held the investments for at least two years at the date of death, they should qualify for IHT relief, provided the EIS companies continue to undertake an EIS trade.
     
  • CGT deferral relief: You have the opportunity to defer unlimited capital gains realised up to three years before, or up to one year after, the date of the investment into the underlying companies.
     
  • Tax-free capital gains: Any gains you make when selling your shares (after the minimum three-year holding period) will be free from capital gains tax.
     
  • Loss relief: In the event you make a loss on the sale of any EIS investment in the portfolio, irrespective of the overall performance of the portfolio, you can offset this (net of any income tax relief you’ve received) against income at your marginal tax rate, or capital gains.

 

Please remember, this is a brief summary of the latest tax reliefs available, based on current legislation and HMRC practice, which are subject to change in the future and your personal circumstances. We always recommend you seek appropriate professional advice before making an investment.

Subscription amount

Minimum subscription: £15,000 Maximum subscription: no maximum

Method of payment for application

Payments for applications can be made by cheque, made payable to:

Thompson Taraz Downing re: DPEIS, or by electronic bank transfer using the payment details below.

Sort Code:
16-01-09

How to apply

Please first read the Brochure and Terms & Conditions before completing an application form. Please note that we can only accept applications that are submitted through an FCA-authorised intermediary.

Please click  to download a print-friendly version of the Downing Pub EIS - Tranche 3 Application Form.

Key risks

The key risks associated with our Pub EIS are listed below – please refer to the Terms & Conditions document for a full list of risks.

  • Capital is at risk: the value of investments and the income derived from them may go down as well as up and you may not get back the full amount invested.
  • Tax reliefs are not guaranteed: the rates of tax, tax benefits and allowances that are described in this Brochure are based on current legislation and HMRC practice - these may change from time to time and as such, they are not guaranteed and are subject to personal circumstances.
  • Qualifying investments are not guaranteed: there is no guarantee that sufficient investments in EIS Companies will be made within the expected timetable, or at all. In addition, it is possible that the EIS Companies may subsequently cease to qualify for EIS tax reliefs, in which case, the tax reliefs you receive could be delayed or lost.
  • Limited spread of risk: the EIS will only invest in two pub companies, providing little diversification across company or sector, and investors are advised not to put too much of their capital into the service.
  • Investments are long-term and high risk: while we will seek to provide a liquidity event within three to five years, you should not consider investing if you think you could require access to your funds before then. Please remember, investments made through our EIS will be in smaller, unquoted companies that are higher risk than those listed on the London Stock Exchange.
  • Pubs are subject to trading risks: the EIS Companies will be subject to the trading risks associated with the operation of licensed premises and the performance of the pubs may be affected by factors outside of our control and that of the management teams.
  • You cannot rely on past performance: please remember that past performance is not a reliable guide to future performance and there is no guarantee that the Service’s objectives will be achieved.

 

Important Notice

Investing in our products will place your capital at risk and you may not get back the full amount invested. Any tax treatment may be subject to change and the availability and value of the reliefs depend on the individual circumstances of each investor. The availability of tax reliefs also depends on the investee companies maintaining their qualifying status.

Further information can be found at HMRC’s website. Neither past performance or forecasts are reliable indicators of future results and should not be relied upon. Unquoted or smaller company shares are likely to have higher price fluctuations and are likely to be more difficult to sell than shares quoted on the London Stock Exchange Official List. Website content is not intended to constitute investment, tax or legal advice. We recommend you seek independent advice before investing in any of our products.

Important Notice

Downing’s investments place your capital at risk and you may not get back the full amount invested. Past performance and forecasts are not a reliable guide to future results. Tax treatment may be subject to change and depends on individual circumstances. Smaller company shares are likely to have higher volatility and liquidity risks than other types of main market listed instruments. We recommend that you seek professional independent financial advice before investing. We do not offer investment or tax advice.

By clicking below you confirm you have read and understood the information above.