Need some help? Close Help


Business Services
UK - London
Date Rated:
Valuation (Pre Money):
Industry: Business Services
Location: UK - London
Platform: Crowdcube
£125,000 Expansion
Valuation: £874,738
Date Rated: 15/05/17



Tax Status: SEIS

Business Summary

thefullworks is a complete eCommerce platform combining on-line retail fully integrated with flexible warehousing and storage solutions. thefullworks' clients includes a top 5 global consultancy firm and over 2.9k orders have been processed by the shops on its platform. This round of investment will be used primarily to hire staff.

Financial Overview




There is insufficient information available to provide a financial overview



The team is skilled in ruby, elixir and IoT technology development and the Founders have proven expertise developing a similar business and many management and marketing endorsements.
Although thefullworks is the Founders' first venture, they have a deep industry knowledge and significant experience in providing eCommerce solutions.
If any wage is payable to the Founders after the raise it will be minimal, as they expect to be paid mainly from profits and the £70k loans have been converted to equity to date.
There are about 5 million micro-businesses in the UK alone and less than half have an online presence. thefullworks' service could therefore be appealing to many small B2B and B2C businesses.
Although the business seems to have limited commercial traction, the platform is fully developed and already offers full logistics trackability and "click & collect" services in 34 different countries.
The business intends to compete by offering a complete solution from eCommerce to warehouse facilities and distribution while maintaining a flexible business model.
There is insufficient information available to fairly rate this aspect of the business


thefullworks has three revenue streams: subscriptions, fulfilment and distribution and of which 40% is currently subscriptions. The company has positive testimonials and it seems to have a competitive service. If the team gain significant market share and successfully grow its warehouse and distribution partnerships, the business could become very attractive to players in the industry who aspire to offer a similar complete solution.

Without any financial forecasts, we cannot foresee what investors could expect from this investment but the Founder has stated his intention to provide investors with dividend payouts.

Note: We have not received a business plan from thefullworks and therefore this rating is based on the information available within the Crowdcube pitch.

Related Links

Crowdcube Pitch


Right To Reply

Are you the entrepreneur? If you would like to publish a comment on our rating, please contact the ratings team.

Latest Forum Comments

Read All Comments


The views and opinions expressed on this bulletin board are the sole property and responsibility of the author. Neither Crowdrating nor Wheatfromchaff Ltd, nor any of the directors or officers of Wheatfromchaff Ltd accept any responsibility or liability for them. Readers should be aware that comments do not constitute investment advice and may be inaccurate. Please seek to verify and take advice on all comments before relying on them in the context of any investment decisions you may make. if you wish to use the bulletin board please be aware you are accepting full responsibility and liability for what you write. Please look here for more specific rules we impose on people using our bulletin boards. We moderate all bulletin boards and we reserve the right not to publish your comments.


Your capital is at risk when you invest in shares and debt securities. You can lose some or all of your money and may not be able to realise your investment. Therefore you should should never invest more than you can afford to lose. If in doubt about the suitability or tax implications of any investment, please seek independent financial advice. 

Information published on this website and any other reports or ratings published on or by Wheatfromchaff Limited (trading as Wheatfromchaff) have been prepared by us in the United Kingdom for information purposes only. Wheatfromchaff Ltd is Authorised and Regulated by the Financial Conduct Authority FRN: 751017. 

No content on this website or on any reports or ratings published on this website nor any copy of it, nor any other reports or copies of them published on may be reproduced, redistributed or copied in whole or in part for any purpose. Any and all reports have been approved by, and are being distributed in the UK and the European Union (EU) only and are not to be distributed in any other jurisdictions where their distribution may be restricted by law and persons into whose possession this or any other reports come should inform themselves about and observe such restrictions.

This report and any other reports published on do not constitute an offer or a solicitation to buy or sell any securities referred to herein. It should not be so construed, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. The information on this website or in reports or ratings published by Wheatfromchaff, or on which this or any other reports are based, has been obtained from sources that Wheatfromchaff believes to be reliable and accurate, and in accordance with COBS 2.4 of the FSA Handbook we have verified it to the best of our ability. However, it has not been independently verified and no representation or warranty, express or implied, is made as to the accuracy or completeness of any information obtained from third parties. The information or opinions are provided as at the date of this report or any other report publication dates and are subject to change without notice. The information and opinions provided in this and any other reports take no account of the investors/ individual circumstances and should not be taken as specific advice on the merits of any investment decision. Investors should consider any or all of the reports or ratings we publish as only a single factor in making any investment decisions.  

Wheatfromchaff does not accept any liability whatsoever for any direct or consequential loss however so arising, directly or indirectly, from any use of this report nor its contents. Investors may receive back less that they invested as investments may fall as well as rise in value. Investors should obtain independent advice based on their own circumstances before making investment decisions. By accepting this report you agree to be bound by the foregoing limitations.

The Ratings we publish have been approved and issued at Financial Promotions in the United Kingdom by Wheatfromchaff in the United Kingdom who is Authorised and Regulated by the Financial Conduct Authority FRN: 751017. Wheatfromchaff Limited registered office is Kilver Court, Kilver Street, Shepton Mallet, Somerset, BA4 5NF and telephone number +44 (0) 1749 347 577. Telephone calls may be recorded. VAT No: 214 0196 49

© Wheatfromchaff Ltd All Rights Reserved February 2017