One of the country’s leading business finance experts has confirmed plans to launch a new crowdfunding platform, designed specifically to connect investors with financially-distressed UK-based organisations. Turnaround Ventures, founded by entrepreneur Jaswinder Singh and backed by Renroc Capital, makes it easy to identify new investment opportunities in companies experiencing financial challenges in the post-pandemic landscape, and helps to support businesses of all sizes as they enter into a period of recovery.
The fully FCA-regulated digital platform’s mission is to steer private UK limited companies to ‘turnaround’ following a particularly difficult year. It facilitates the implementation of vital growth and development plans by making it easier than ever before for organisations to source necessary funding to put recovery plans into action and thrive in the new normal.
As well as helping businesses themselves, Turnaround Ventures also helps investors to grow their distress portfolios and do their part to support the essential recovery of the UK business community and national economy.
Platform users can invest anything from £250 – and buy shares from as little as £50 – in brilliant, exciting companies that are currently struggling. Investors will receive dividends from their shares, with the option to resell their shares back to management as companies become more financially secure in the future. Some opportunities available through the platform are expected to be Enterprise Investment Scheme (EIS) eligible, which can provide up to 30% of an investment back in the form of tax relief.
Turnaround Ventures Managing Director, Jaswinder Singh said, “The crowdfunding space has done some phenomenal good over the last 10 years or so, but typically it’s been for high-risk, often tech-based startups with grand visions of future success. Turnaround Ventures provides the same access to capital for distressed companies who’ve previously already demonstrated they are a successful enterprise. This includes a track record of product market fit, revenue, profitability, brand loyalty and job creation.
“Distressed or ‘turnaround’ deals have historically provided lucrative investment opportunities for a small, select number of investors. We’re opening this market up to investors of all shapes and sizes while also supporting companies who have a real chance of succeeding in the future.”
The launch of Turnaround Ventures comes at a time when a significant number of UK businesses are struggling financially. As of January 2021, following the country’s third lockdown, 630,000 UK firms were reported as being in a state of financial distress, marking a 27.5% year-on-year increase. And while some industries have undoubtedly been hit more severely by the global health crisis than others, the report confirms that financial distress has been witnessed across all 22 of the sectors monitored by Red Flag Alert.
Turnaround Ventures makes it easier and more straightforward to support struggling organisations. The platform fact checks all pitches to ensure opportunities are both fair and legal, conducting due diligence through management interviews and verification, and providing full document disclosure to investors. This gives peace of mind that every opportunity and deal available through Turnaround Ventures is viable.
Turnaround Ventures is free to use, with absolutely zero annual fees.
To find out more about Turnaround Ventures, visit www.turnaround.ventures