The Seed Advantage SEIS Fund 1 raised over £1 million and closed in August 2013 to invest in a generalist portfolio of early-stage, high-growth businesses in the UK.
This fund is now fully invested across 9 companies.
By certifying as a high net worth individual for the purposes of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 you are agreeing that:
(a) you are suitable to receive financial promotions that may not have been approved by a person authorised by the Financial Conduct Authority;
(b) the content of such financial promotions may not conform to rules issued by the Financial Conduct Authority;
(c) by signing this statement I may lose significant rights;
(d) I may have no right to complain to either of the following:
(i) the Financial Conduct Authority; or
(ii) the Financial Ombudsman Scheme;
(e) I may have no right to seek compensation from the Financial Services Compensation Scheme.
To be a certified high net worth individual you must be satisfied that at least one of the following applies to you:
(a) I had, during the financial year immediately preceding today’s date, an annual income to the value of £100,000 or more;
(b) I held, throughout the financial year immediately preceding today’s date, 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 residence; or
(ii) any rights of mine under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; 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 I can lose my property and other assets from making investment decisions based on financial promotions. I am aware that it is open to me to seek advice from someone who specialises in advising on investments.
The information on this website is issued by Seed Mentors which is authorised and regulated by the Financial Conduct Authority (FRN 604439). The information and offers on this website may not be suitable for all investors and we therefore need to ensure that you are sufficiently aware of the risks and are of a suitable category as defined by the Financial Services and Markets Act to review and invest in any of the potential offers or funds. The information given on this website is not to be construed as advice relating to legal, taxation or investment matters and prospective investors are strongly recommended to seek their own personal investment or taxation advice from either their Stockbroker, Bank Manager, Solicitor, Accountant, Independent Financial Adviser or other professional adviser, who should be authorised under the Financial Services and Markets Act 2000.
Retail Clients (as defined in the rules of the Financial Conduct Authority) are urged to take independent advice before making any investments. Seed Mentors will be treating you as a High Net Worth (HNW) customer who is experienced in unquoted investments, understands the risks involved and can afford to lose all the money invested. We will need you to accept these terms and conditions in order to learn more about the information set out in this website, whether you invest or not.
The information set out in this website does not constitute or form part of any offer to issue or sell, or any solicitation of an offer to subscribe or purchase any investment, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with any contract.
The information contained in this document is strictly confidential. The information contained herein may not be reproduced, distributed or published by any recipient for any purpose without the prior written consent of Seed Mentors.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained in this document by Seed Mentors or any of its officers, employees or associates and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions set out on this website.
Any information you provide to us will be used to administer your request for information from us. Occasionally, we may also use your details to inform you of other features, services and products offered by Seed Mentors which we think you may be interested in and we may contact you by post, fax, email or telephone unless you have requested us not to. We will keep your personal information confidential except to the extent that we are compelled to disclose it by law or to comply with an instruction of a regulatory body of competent jurisdiction. To comply with the requirements of the Data Protection Act 1998, we adhere to strict security procedures and have taken all appropriate measures to ensure that no unauthorised disclosures of your details are made to a third party without your permission and unauthorised access to it is prevented.
Your capital is at risk if you invest in a Venture Capital Trust (“VCT”), Enterprise Investment Scheme (“EIS”), Seed Enterprise Investment Scheme (“SEIS”) or Inheritance Tax (“IHT”) Scheme (together “Investments”) and you may lose some or all of your funds.
The Investments themselves and the type of underlying companies invested in by these Investments are usually very small UK companies, which could be materially and adversely affected by any of the risks described below and as a result the market price of the Investments may decline and you may lose all or part of your investment. This list is not comprehensive and additional risks not listed below may also have an adverse effect on the Investments. Please read the risk factors specific to each Investment set out in the relevant offer documentation.
Limited Secondary Market and Illiquidity of Shares of the Investments – The secondary market for unquoted company shares, including the Investments described above, is limited and the shares usually trade at a large discount to their market value so, as a result, there could be a big relative difference between the buying and selling prices of the shares. The Investments typically invest in shares in unquoted companies and as a result there is no ready market or willing buyer of the shares making the shares illiquid.
Past Performance is No Guarantee of Future Performance – The value of shares in any investee companies may go down as well as up and Investors may not get back the full amount invested. Investors should not consider investing unless they can afford a total loss of their investment. Investments in unquoted shares carry higher risks than investments in quoted shares and involve a degree of risk as well as the opportunity of reward.
Smaller Company Risks – Investee companies may often be relatively small and highly dependent on the skills of a small group of key executives. Investments may often be especially vulnerable to changes in technology, government actions, changes in statute and competitive pressures. In particular, there may be changes to tax legislation which may affect Investors’ tax positions.
Tax Reliefs – The tax reliefs referred to on this website are those currently applying or expected to apply. However, Investors should be aware that tax reliefs can change. Their applicability and value will depend upon the individual circumstances of a given Investor, and Investors should seek their own independent professional advice on their particular tax situation and the application of such tax reliefs prior to making any investment. Whilst many of the Investments set out on this website may qualify for EIS, SEIS or VCT tax relief or exemption from IHT or other tax advantageous breaks, there is no guarantee that these reliefs or other tax efficient status can be maintained throughout the life of the investment. Both investee companies and Investors need to comply with the requirements of the tax legislation in order to maintain EIS, SEIS or VCT tax relief, exemption from IHT and other tax reliefs, and non-compliance may result in the loss or partial claw-back of these tax reliefs and potential interest penalties.
Long Term Investment – generally, the Investments are considered to be long term investments.
Diversification – if the Investments do not raise sufficient funds to reach critical mass then it may be difficult to achieve a spread of investments and diversity, thereby increasing risk.