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Redmed Limited

Sector: 
Development capital

In 2011, Downing-managed VCTs invested in Lincoln-based late night leisure group Redmed Ltd, to fund the conversion of an empty building into a multi-room nightclub called Home. In May 2013, we completed a follow-on investment to support the acquisition of a second site, which was refurbished and operated as a bar and restaurant called Craft.

We were able to successfully exit the business in late 2016 following a bank refinancing of the nightclub, the simultaneous lease of the bar to restaurant operator Cote and the sale of the freehold to a property investor. This exit achieved a 13.5% IRR and delivered a 1.5x money return to investors*.

*Please note past performance is not a reliable indicator of future performance.

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.

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