Company Checklist

The following table summarise the requirements under SEIS/EIS. If you think your business qualifies then please contact us with your Business Plan.

Question Yes No Explanation
Are you a UK company? Yes No Still possible if you do not comply – see next question
Do you have a UK establishment? Yes No Must be trading in the UK even if markets are overseas
Have you been trading for less than two years? Yes No Whilst the incorporation date is relevant, the concern here is the date trading started
Are your gross assets £200,000 or lower? Yes No Aggregate of you fixed assets, stock, trade debtors, cash etc.
Are your gross assets £15 million or lower? EIS only No Aggregate of you fixed assets, stock, trade debtors, cash etc.
Do you have less than 25 employees? Yes No This is full-time equivalents
Do you have less than 250 employees but greater than 25 employees? EIS only No This is full-time equivalents
Are you an independent company? Yes Still possible Still possible – Dormant subsidiaries are okay
Are free of any subsidiaries? Yes No You cannot have a holding company
Have you not received any previous EIS or VCT investment? Yes Still possible under EIS You cannot have received any before but can receive after
Are your shares unquoted? Yes No AIM and PLUS are unquoted
Is your business activity not one of the excluded activities? Yes No You cannot exclusively supply excluded businesses either

Additional criteria your company needs to meet:

9

No employee investors – neither the investor nor an associate of the investor may be an employee of the issuing company

9

No substantial interest in the issuing company – the investor must not have a substantial interest in the issuing company at any time

9

No related investment arrangements – the investor must not subscribe for the relevant shares as part of an arrangement which provides for another person to subscribe for shares in another company in which the investor, or any other individual who is party to the arrangement has a substantial interest

9

No linked loans – no linked loans are to be made by any person to the investor or an associate of the investor

9

No tax avoidance – the relevant shares must be subscribed for by the investor for genuine commercial reasons and not as part of a scheme or arrangement of which the main purpose or one of the main purposes is the avoidance of tax

Investing in early stage business involves risks including liquidity. Our products are only offered to selected individuals and are not suitable for everyone. You may not get back what you invested.  Past Performance is not a reliable indicator of future performance. Tax relief depends on an individuals circumstances and is liable to change.

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Jenson Funding Partners LLP is registered in England and Wales OC375306. Jenson Funding Partners LLP is Authorised and Regulated by the Financial Conduct Authority 820516. Registered Office: Runway East, 2nd Floor, 20 St Thomas St, London, SE1 9RS.
Jenson Solutions Ltd is registered in England and Wales No: 04279636. Registered Office: Runway East, 2nd Floor, 20 St Thomas St, London, SE1 9RS.
Jenson Solutions Ltd is authorised and regulated by the Institute of Chartered Accountants in England & Wales.