Greg Pilley, Stroud Brewery founder and managing director
Stroud Brewery is a well-established and fast-growing organic brewery based in the Cotswolds.
It has been profitable since it began trading 12 years ago and has steadily built up a customer base of pubs and independent shops around Gloucestershire. Stroud Brewery’s mission is to produce high quality beer which has been produced in a sustainable way; using local organic ingredients, short supply chains, efficient distribution and environmentally conscious packaging.
Except for its local community hops beer, Stroud Brewery only produces organic beer and is one of only a few brewers in the UK to do so. It has won many awards for its range of beers.
Stroud Brewery has reached capacity within its existing premises and is in the process of moving into a new brewery on an adjacent site in the same industrial park.
The new site will:
be larger, allowing an increase in brewing capacity;
be greener, with renewable electricity, rainwater collection and heat reclamation;
have better facilities with a larger bar space and great views across the valley.
The company is therefore seeking to raise £300,000 through this bond offer to provide funding for the relocation, fit-out and working capital.
Stroud Brewery bonds are eligible to be held in a Triodos Innovative Finance ISA (IFISA). Individual Savings Accounts (ISAs) offer investors and savers a tax efficient way to save or invest. The IFISA is a type of ISA that allows you to include investments that have been made via crowdfunded offers and as with all ISAs, you receive interest tax-free.
To invest in Stroud Brewery bonds through a Triodos IFISA, after reading the bond offer document, select the 'Invest through IFISA' option. This selection will open a current year IFISA.
If you want to invest by transferring an existing ISA to a Triodos IFISA, you must first request the transfer. You can do this under 'Account' once you've become a registered user on the platform. Learn more about the IFISA.
The Stroud Brewery Limited
Funding the relocation and fit out, including brewing equipment. In addition, repayment of £44,000 existing borrowing.
7 years, repayable in full on 30 September 2025, subject to early repayment option.
Stroud Brewery has the option to repay the bonds including any accrued interest in full after three years.
5% gross per year – fixed and payable annually in arrears on 30 September each year (net of UK basic rate tax unless held in a Triodos innovative finance ISA when interest will be paid gross). Payment of interest and repayment of capital are not guaranteed.
£25,000 for the initial period of two weeks after the offer opens. From 20 August there will be no maximum investment.
Investors get membership to the Stroud Brewery Beer Club for the period of the bond. Beer Club members are entitled to a 10% discount on Stroud Brewery beer.
The bonds are unsecured, so bondholders will rank equally with Stroud Brewery’s other unsecured creditors and behind any secured and preferential creditors on insolvency.
Bonds are transferable but are not listed on any investment exchange which means that bondholders will have to find a willing buyer and agree a purchase price with them. Investors should be prepared to hold the bonds for their full seven-year term.
A gearing covenant which limits the amount of repayable debt that the company can take on. Penalty interest will be paid to bondholders for the period of any breach.
£300,000. If less than £300,000 is raised then investors’ monies will be returned with no accrued interest.
The bond offer opens on 6 August 2018 and closes at noon on 30 August 2018 (unless the £300,000 target has been reached earlier or the bond offer is extended by the directors at their sole discretion).
Past performance is not an indication of future performance. Capital is at risk and returns are not guaranteed.
Download the offer document by logging in or registering.
5% per year