Project Description

A startup with big ambitions in the personal mobility market. The founder was looking to develop the concept and create a modern vehicle fit for the 21st Century. The market research and the design was progressing but not the financial direction and funding required to support the operation.

The Solution

  • Philip worked with the founder to develop the business model and strategy for growth.
  • The company was prepared for investment including strengthening the management team.
  • Developed the budget, simplified the capital structure, submitted advance approval for EIS, claimed R&D tax credits and drafted the investment memorandum.
  • Once suitable investors had been identified, Philip worked with the board to complete the due diligence process relating to the investment.

The Results

  • The budget and business model were reviewed, updated and presented in a professional way, to illustrate the potential growth of the business.
  • Enabled Centaur to justify the valuation and facilitate positive discussions with potential investors.
  • Identified initial investors and completed the due diligence process.
  • Set up initial company processes, accounting and reporting.