What was their challenge?
They needed to raise £600,000 to enable them to turn their 1930s seasonal seawater pool into a year-round leisure destination with geothermal heated water pools
What was the support you provided / offered
We worked with the pool team to create the right legal structure, then help plan the campaign to raise the funding. We wrote the share offer document that underpinned the investment drive, and helped secure investment tax reliefs to supercharge the investment drive in the high net-worth demographic.
What was the impact or outcome of support?
The Pool raised £600,000 in share capital, alongside £1.2M in other grants and loans. 1,400 invested, of whom 970 were local people. The Pool opened in 2020 and goes from strength to strength as one of Cornwall's leading visitor attractions.
We were introduced to Dave Boyle and were immediately reassured that what seemed like a mountain too big to climb was eminently achievable. Dave stood by the Board throughout what was a daunting process. He was a constant reassuring presence but more than that, brought a wealth of experience and expertise.
Dave helped us to structure and price the share offer to make it attractive and affordable, plan our campaign and provided valuable feedback on our Strategic Business Plan. The end result was a campaign which exceeded all our expectations, the share offer raised over £560,000 – 60% above our target. We couldn’t have done that without Dave!
Dave helped us to structure and price the share offer to make it attractive and affordable, plan our campaign and provided valuable feedback on our Strategic Business Plan. The end result was a campaign which exceeded all our expectations, the share offer raised over £560,000 – 60% above our target. We couldn’t have done that without Dave!