Alerts
The Business Investors Group since it was formed in September 1997 has invested in excess of £12 million below are some testimonials of Investments carried out by members of BiG.
Initial Enquiry
An executive summary sheet of the business, its future plans and the funding issues, will be required as a first reference point. This summary should be no longer than one or two A4 sheets. This detail will enable the principal officer to evaluate and summarise the opportunity. An appropriate BiG administration fee may be charged at this stage.
For a new business, an outline or full business plan is also normally required, although help may be provided or a referral made, if requested, should this information not be available at this stage of the opportunity.
First Review Stage
A BiG member will be assigned to the project as lead assessor.
The first review stage will be based on the information supplied, including an interview with the project principal. This process will normally be completed within 14 working days. The information will be made available for other BiG members to examine, and might be sent to specified members by e-mail.
Investment Review Stages
At the Investment review stage, BiG members have a serious interest in the investment opportunity, and further work and due-diligence is required to ascertain the risks involved and the potential of the opportunity. A three-month exclusive period would normally be applied, although this may be waived if other investor organisations are to join the funding consortium.
The Investment Stage
BiG will charge a flat fee of £1,500 when a business opportunity proceeds to a successful investment conclusion. Fees are to cover part of the costs in time, expenses and due-diligence fees incurred. Legal costs will be charged separately, but will be at a fixed-cost level. BiG members invest as individuals, and the names and addresses of all those interested in investing will be provided to the applicant.
In addition, BiG will charge an annual monitoring fee of £250 per annum, billed in advance by Direct Debit.
`BiG reserves the right to appoint a Non-Executive Chairman and /or Non-Executive Directors to the board'.
Response Process
Initial enquiry >
First Review Stage >
Investment Review Stage >
The Investment Stage >
Funding Application Forms
Review charges are:
£150.00 plus VAT for businesses under 2 years old.
£250.00 plus VAT for businesses over 2 years old.
Find Us
Stepping Stones Support
South Tees Business Centre
Puddlers Road
Middlesbrough
TS6 6TL
Tel:
(01642) 355 280
Fax:
(01642) 438 550
E-Mail:
info@steppingstonessupport.co.uk
Requests
1st March 2009
Request by cal2.co.uk
Cal2 - Stewart Stobbs from Cal2 requests to join you network.
