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thefullworks

Platform:
Crowdcube
Stage:
Expansion
Industry:
Business Services
Location:
UK - London
Date Rated:
19/05/17
Raise:
£125,000
Equity:
14.29%
Valuation (Pre Money):
£749,738
Industry: Business Services
Location: UK - London
Platform: Crowdcube
£125,000 Expansion
Valuation: £874,738
Date Rated: 15/05/17

MANAGEMENT

PRODUCT

INVESTMENT
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

 

 

76%
SKILLS:
EXPERIENCE:
COMMITMENT:
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.
68%
MARKET:
PRODUCT:
COMPETITION:
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


Conclusion

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

thefull.works

 

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