Triple Point EIS Service

Transcription

1 Triple Point EIS Service Overview

2 Welcome to the Triple Point EIS Service At Triple Point we focus on providing our investors with simple investments in real assets. We have provided funding to small businesses, helping them to grow while delivering value for investors, for over ten years. Our investment strategy is built around identifying the right opportunity, using our rigorous risk management processes. This focuses on selecting companies for funding which meet our key criteria for capital security, liquidity, and transparent exit strategies. The EIS Service allows you to build a portfolio of investments which meet these criteria, whilst benefitting from the tax incentives of the Enterprise Investment Scheme. In this document we have set out a summary for you of the EIS Service, but if you have any questions please do not hesitate to contact us on Claire Ainsworth Managing Partner

3 The Triple Point EIS Service The Triple Point EIS Service targets high quality, asset backed, simple investments which qualify for a number of EIS tax benefits. Target Criteria Target returns 1.10 to 1.15 per share Timely exits Cash generative businesses Investment Strategy The straightforward investment strategy for the EIS Service has been shaped by our extensive and successful experience in sourcing and managing EIS qualifying investments. We have a diversified pipeline of opportunities looking for funding. Funding Criteria Predictable and reliable cash flows High quality customers and suppliers High quality assets An attractive prospective valuation Qualities that help to reduce the risk of capital loss A viable and realistic exit strategy Target Sectors The EIS Service targets companies in a wide range of sectors including construction, energy and infrastructure. Tax Benefits 30% upfront income tax relief Tax free gains Capital gains tax deferral Inheritance tax mitigation Independent Endorsement On the launch of the Triple Point EIS Service, Allenbridge published a report which concludes: In summary, this well regarded Manager sets out to provide low risk investment relative to many other EIS, and prompt exit after the three year obligatory holding period. The modest returns emphasises the importance of claiming the EIS tax reliefs, which the Manager has established a good record in achieving. Allenbridge Tax Shelter Report TP EIS Service June 2015 Tax Relief An investment in the Triple Point EIS Service will be eligible for 30% up front income tax relief. BPR Relief Investments held in the EIS Service for more than two years qualify for Business Property Relief. CGT Free No capital gains tax is payable on an investment s increase in value in the Triple Point EIS Service 30% 100% 100%

4 Meeting Client Needs Benefits for your clients Client need Example EIS Service solution Reduced income tax liability 30% upfront income tax relief Deferred Capital Gains Tax CGT deferred for the life of the investment Mitigation against inheritance tax Investments held for 2+ years qualify for BPR Tax free growth No CGT to pay on increases in value How to Invest Simple Investments in Real, Tangible Assets At Triple Point, our investment philosophy is simple and designed to create value for our investors and deliver sustainable growth for the businesses we fund. The Triple Point EIS Service aims to build individual portfolios and allot shares in EIS qualifying companies within six months of investors joining the Service. Applications will only be accepted on the basis of the Information Memorandum and Investor Agreement and Application Form, where more information about the Service is available. Applications Minimum Investment Maximum investment in any one tax year eligible for EIS tax relief 25,000 1m Competitive Charges Charges Initial charge Annual charge Each EIS qualifying company also incurs annual administration costs estimated at approximately 10,000 each year. This includes fees for the independent directors of the EIS company and accountancy services. 2.5% 2.25% of NAV We can facilitate initial adviser charging. Ongoing adviser fees cannot be facilitated. CGT Deferral Capital gains can be deferred throughout the lifetime of the investment in the Service. Open The Triple Point EIS Service is open for investments all year round. Limited Life The EIS Service enables a rapid return of capital after minimum holding period.

5 Triple Point s EIS Track Record Experienced Team The Triple Point EIS team includes individuals with extensive experience in small business investing. Since 2005 Triple Point has sourced, arranged and managed 350m of VCT and EIS investments. During the last 10 years Triple Point has exited 19 EIS companies, helping investors to realise their investments very shortly after the three year minimum EIS holding period. About Triple Point Charlie von Schmieder Funds Raised EIS Funding Arranged EIS Companies Funded EIS Companies Exited 550m+ 100m Source: Triple Point During the last 12 months Triple Point has arranged exits for investors from 5 EIS companies. These exits were all achieved 6 months after the minimum three year holding period, and all delivered returns in line with the strategy and targets set out at launch. Max Shenkman Investor Support Investor Reporting Six monthly. Our Client Services Team is always available to answer your questions. Diverse Shares are allotted in a minimum of 2 EIS qualifying companies (advance assurance received). Stable The investments are asset backed and in good quality customers with a strong underlying business rationale. Simple The Triple Point EIS Service is a managed service which keeps life simple for you and your investment clients.

6 Risk summary Prospective investors must obtain advice from a qualified financial adviser to ensure that the Triple Point EIS Service is suitable for their individual circumstances and investment objectives. The performance of investments is not guaranteed. The value of an investment may go down as well as up and investors may not get back the amount they invested. Prospective investors should be aware that past performance is no guide to future performance. Investors should not consider investing unless they are able to bear the risk of losing their entire investment. Investors should also be aware that the minimum holding period for an EIS investment is three years and it is not possible for investors to exit from their investment before the end of the three-year period. Furthermore the actual timing of eventual exit cannot be guaranteed. Any statements made in relation to expected future performance are of necessity based on Important information This document is a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act It is issued by Triple Point Administration LLP, which is authorised and regulated by the Financial Conduct Authority (no ). This document is a summary of the Triple Point EIS Service Information Memorandum. It is important that prospective investors read and understand fully the Information Memorandum before investing, which explains the key risks. Applications will only be accepted on the basis Regulatory status of the content and terms of the Information Memorandum, the Investor Agreement and Application Form. The opportunity described in this document is NOT suitable for all investors. Investments in EIS qualifying companies are considered to be high-risk, including illiquidity, lack of dividends, loss of investment and dilution. Triple Point is the trading name for the Triple Point Group which includes the following companies and associated entities: Triple Point Investment Management LLP registered in projections; there is no guarantee that the investment criteria will be achieved. Tax law may change as may the legal and regulatory parameters within which markets operate. Actual tax treatment will depend on individual circumstances and as such an investment will not be suitable for all investors. More detail is given in the Information Memorandum England & Wales no. OC321250, authorised and regulated by the Financial Conduct Authority no , Triple Point Administration LLP registered in England & Wales no. OC and authorised and regulated by the Financial Conduct Authority no , and TP Nominees Limited registered in England & Wales no , all of 18 St. Swithin s Lane, London, EC4N 8AD, UK. 10 November 2015 The Triple Point EIS Service is a Managed Service, which is an Alternative Investment Fund for the purposes of the Alternative Investment Fund Managers Directive ( AIFMD ) and Triple Point Investment Management LLP is the Alternative Investment Fund Manager. For tax purposes the Triple Point EIS Service enables money invested by a number of individuals to be invested in shares in one or more companies. It is not structured as an EIS Fund. Adviser and Investor Enquiries For further information please contact 18 St. Swithin s Lane London EC4N 8AD contact@triplepoint.co.uk