Crowdfunding is a way for growing businesses to receive investments from their community. 

Rather than rely on traditional financial institutions and investors, we want to be more open. This crowdfund gives you the chance to own shares in Penfold and become an integral part of our story.

Penfold will be listed on Crowdcube, the UK’s largest online crowdfunding platform. 

Yes, every investor will receive shares in “Penfold Technology Limited” for which Penfold is our trading name.  The number of shares you receive will be proportionate to the amount you invest.  The final number of shares issued depends on the number of investors and amount of money raised.

If you registered your interest before the campaign went live, you would have already been notified of your exclusive access. Our campaign launched privately on the 10th May, and is open to everyone else publicly from the 11th of May. 

The campaign will last up to 40 days, ending whenever we reach our investment target. If we reach our target early, we‘ll give notice 24 hours before the round closes. Please note, there is a limited amount of equity available in this round and we expect the round to fill quickly. We encourage you to invest as soon as the round opens.

Having raised £5.5m so far, we’re seeking this top-up to keep improving our customer experience, accelerate our growth and launch as a workplace pension. We expect to launch a further investment round in 12 months’ time. Please see our business plan  on our Crowdcube page for more details.

If we are fortunate to raise more than our target, we’ll use the extra investment to grow the company even more quickly than we currently plan. Raise investment above our target simply means we will have more shareholders and be ‘giving away’ a larger percentage of our company. 

Initially, your investment will be recorded as a pledge, meaning no money will leave your bank account. Following the successful completion of the campaign, Crowdcube will contact you to confirm the date that the money will be deducted from your account. You ‘ll be given a minimum of seven days notice before money is taken from your account. This allows you to make funds available but also gives you a final opportunity to opt-out of the investment.

We will issue shares to the Crowdcube Nominee to hold for you after the successful completion of the campaign, once your investment has been processed. Completing the round and necessary paperwork takes a few weeks, but typically you can expect to receive confirmation from the Nominee of your share ownership around 4 weeks after the campaign has ended.

Penfold is a private limited company which means, at present, there is no public forum for buying and selling our shares. Shares may be bought and sold by private arrangement, however, you must first offer them to other shareholders before transferring them to a single third party at your own expense.

It’s possible, although no such plans are currently in place. This would be an opportunity for you to sell your shares.

Yes, our business plan (and financial overview) is available on our Crowdcube campaign page.  If, after reading it, you have any further questions please don’t hesitate to contact us. You’ll find our contact details supplied in the pack - we’re happy to answer all questions or supply any additional information. 

This is a long term investment in a fast growing company. The main way that you can make money from your investment is by selling your share for more than you paid for it.

We are a private limited company, and our shares are therefore not publicly traded at present.  In the event of a future sale of the company, you would be able to sell your shares to the acquiring company. Alternatively, if the business grows to a point where the company management/further institutional investors offer to buy back, you are also likely to be able to sell your shares. 

Disclaimer – Investments of this nature carry risks to your capital as well as potential rewards.

The Enterprise Investment Scheme (EIS) is a UK government scheme designed to help smaller higher-risk trading companies raise finance, by offering a range of tax relief to investors who purchase new shares in those companies. You can find out more about EIS and what it means for you as an investor here.