Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

PRIME WEALTH GROUP LAUNCHES NEW PLATFORM FOR EIS/SEIS TARGETING INVESTMENT OF £5 M OVER THE NEXT 12 MONTHS

platform

Platform provides Prime’s clients with an investment opportunity to secure strong returns enhanced by significant tax relief benefits

Focus on HNW/family offices to access their significant wealth to help increase SEIS/EIS funding

Prime Wealth Group, a leading advisory broker on a range of savings and trading products specialising in shares, FX and CFDs for retail and institutional investors, is broadening its current offering with the launch of a new platform for Enterprise Investment Schemes (EIS) and Seed Enterprise Investment Schemes (SEIS).

Prime is targeting some £5 million to be invested through the new platform over the next 12 months, with the aim of providing the firm’s clients with a number of investment opportunities to generate superior returns boosted by significant tax relief.

Prime Wealth Group logo - Global Banking | FinancePrime is currently using the EIS/SEIS platform to secure £150,000 for Metall-FX an early-stage company. Metall-FX, a group of experts specialising in the application of real metal finishes to a variety of surfaces, has already been commissioned by a number of the world’s top hotels, exclusive retailer Harrods and for multiple Hollywood films including Harry Potter.

Prime is tapping strong demand from a range of IFAs, wealth advisers, HNWIs and, in particular, family offices, as its key shareholder, leading asset manager Omada Capital, works with a number of influential family offices, which are increasingly looking at this area.  Working alongside Denning Legal, a legal and accounting firm specialising in this area, Prime is seeking to place an exciting pipeline of deals from the new platform.

Most immediately, Prime is scheduling a series of deals from the film production sector. Patrick Butler, Prime’s CEO, is keen to distinguish this structure from other tax-driven film finance deals which have not been accepted by HMRC.  Some of these involved establishing partnerships for the sole purpose of accumulating tax breaks or tax credits and VAT rather than driving investment.  In contrast, SEIS and EIS, by their very nature, are approved by the Revenue, and assuming the rules are followed, the tax relief is automatic.

Both EIS and SEIS offer very attractive opportunities for investors. SEIS, in particular, have been lauded, with the UK business media describing it as ‘the world’s most generous investment scheme’.

Under EIS, companies are able to accept up to £5 million of investment, while individual investors are able to buy shares up to £1 million and receive up to 30% in tax relief on the cost of the investment. and since the scheme was launched some 10 years ago, nearly £10 billion has flowed into growth companies.

SEIS aims to specifically help young, start-up companies raise equity finance and so far SEIS has helped over 1000 companies, raising over £80 million from private investors. Tax relief of 50% on the initial cost of the shares is available on an investment of up to £100,000 in a single tax year.

Research has also shown, such as a study by leading entrepreneurs group E2Exchange, that there is insufficient awareness among UK entrepreneurs of EIS/SEIS schemes – over 25% had not heard of EIS according to the survey and 35% were not aware of its benefits- and not enough entrepreneurs are using them because of this so new firms moving into this area and new platforms help to build profile and hopefully will boost investment through EIS/SEIS schemes.

SMEs still struggling to secure funding from banks – net lending to SMEs fell sharply last year – with the big four accounting for 80% of the market. So smaller firms and entrepreneurs are even more reliant on securing equity rather than debt capital to finance their businesses and new EIS/SEIS platforms and commitments bring much needed additional funding to the growth business sector.

Patrick Butler, CEO of Prime Wealth Group, commented:

“We are delighted to have launched this new EIS/SEIS platform, which gives our clients an excellent opportunity to secure strong potential returns enhanced by significant tax relief benefits.  EIS and SEIS are among the most generous investment schemes in the world and they should probably be a core part of any well diversified wealth portfolio. As well as hoping to help our investors achieve great returns we also hope the new platform will help direct more much-needed funding to hard-pressed growth businesses, which are still struggling to source finance despite popular funding options such as crowd funding. With our platform, we aim to assist growth businesses quicken the pace of their expansion and help drive  the UK’s economic recovery.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post