Successful EIS investment for Love Yourself Meals
We recently advised Love Yourself Meals on an EIS investment which will support their growth initiative.
The Enterprise Investment Scheme (EIS) is a tax efficient investment scheme through which eligible investors can claim up to 30% income tax relief on investments of up to £1m per tax year and any gain will also be capital gains tax free if the shares are held by the investor for at least three years.
Love Yourself Meals (www.loveyourself.co.uk) is a calorie controlled, healthy ready-meal delivery service which is focussed on providing locally sourced produce and is cooked by experienced chefs with Michelin star experience. The company believes that diets don’t need to be boring; they can be fun and interesting to represent a fine dining experience.
"The challenging times that we are currently experiencing have created an excellent opportunity for Love Yourself Meals and they have seized it."
Working with the Love Yourself team to get this deal over the line has been great. It has been a real ‘good news story’ to see how despite the circumstances of today, a business can be sufficiently agile to adapt to meet the challenges it faces head on and then continue to go from strength to strength. The closing of this investment will enable Love Yourself Meals to move to the next level.
Wojtek Kolan, one of the founders of Love Yourself Meals commented: “Closing this initial seed investment round has meant, we can move into a new premises with the state of the art production facilities, as well as making further investment in our customer acquisition programme. Working with EMW has been so smooth. They have gone above and beyond and nothing was ever too much trouble. Their advice was very commercial and sensible which helped with the negotiations of agreements.”
Get in touch
If you’d like to talk to one of our specialists, or find out more about investments, EIS or this update, please get in touch with Kerry Jimenez.
Our corporate team advise companies, management teams, investors and debt providers from business start-ups and first round finance agreements through to mergers and acquisitions, management buy outs, development funding and then selling.