(“Amersham”) is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference 507460 as an Investment Manager and additionally as an Alternative Investment Fund Manager within the meaning of the Alternative Investment Fund Managers Directive.
Our AMIM-managed EIS and SEIS services are structured as Alternative Investment Funds each with its own defined investment policy.
We offer both sector specific and generalist funds.
Sectors invested in to date include:
|• Consumer Brands, Products & Services||✓||✓|
|• Film & Media – Sales Agency & Post-production||✓||✓|
|• Technology – Pure Tech; B2B & Consumer Tech||✓||✓|
|• Renewable energy – Generation & Operators||✓||✓|
|• Interactive Games – Console & Devices||✓||✓|
Products are structured as Alternative Investment Funds (“AIF”). There is no fund vehicle as such – the AIF structure provides for an Investment Management Agreement between the Investor and Amersham which becomes binding once an application to invest has been accepted in accordance with the terms of an Information Memorandum.
Due to the illiquid and risky nature of investing in unquoted shares in private companies*, eligible investors must either be advised by a professional intermediary or fall into at least one of the following categories as defined by the FCA:
Once invested in a portfolio company, Investors should be prepared to hold their investment(s) for 5-7 years. Investors’ shares are held in the Custodian’s nominee account at least for the S/EIS qualifying period.
For legal and tax purposes the Investor is the beneficial holder of their shares.
As the funds are Alternative Investment Funds, it is the fund itself that is the client of Amersham as Manager, Investors receive twice-yearly reports on the status of their holdings and the progress of the investee companies, which in later stages of a fund will include valuation assessments once appropriate data is available.
Although investors are dealt with in common by Amersham, they may not be treated on an identical basis. Given the timing of investments each investor may not hold shares in each investee company and individual investments may represent different proportions of different investors’ portfolios as Funds will close over time in tranches. Amersham invests on a discretionary basis but may recognise an
investor’s request for limiting investment to a single portfolio company if available and preferred.
Amersham has a strong pipeline of qualifying eligible investee companies across our interested sectors, either generated internally or through sector specific specialists.
Candidate companies moving through the Investment process are assessed through proven due diligence procedures with pre-investment money valuations achieved through negotiation.
The Investment process has been developed over four years’ working with EIS and then SEIS opportunities and seeks to reduce investors risk whilst giving candidate companies freedom to run and develop the business against agreed conditions and plans, some of which may inevitably change over the course of the Investment.
Once invested, we may use qualified specialists appointed to the board (or as an observer) of each portfolio company to provide monitoring and where applicable mentoring services for the portfolio company.
Although assessing exit prospects forms part of the investment decision at the outset, Amersham will seek exits, normally anytime from after the minimum three year ‘holding period’ for S/EIS, which may be achieved by any one of a variety of routes, including:
Amersham’s objective is that eligible investors will benefit from S/EIS tax relief on as near to 100% of their subscription as possible.
Wherever possible all fees are charged to the investee companies which is tax efficient for investors.
Details of Fees charged to the portfolio companies are given in the appropriate section of the relevant Information Memorandum.
Returns generated by liquidity events will be distributed on a deal by deal basis.
Whilst each investment case is different, we seek to provide a target £1.25 return for each £1 invested over the period of investment.
The ACDC Fund is principally a “follow-on” fund for investee companies that have previously undergone appropriate due diligence and have received early stage investment perhaps via an EIS/VC investment or SEIS Investment. ACDC is a generalist fund with an emphasis on growth opportunities in sectors including technology, engineering, games & consumer brands.full details...
The Anaerobic Digestion Renewable Energy EIS Fund 1 is a medium term fund that offers suitable investors access to the Anaerobic Digestion Renewable Energy sector, eligible for the UK Government’s Enterprise Initiative Schemefull details...
The Anaerobic Digestion Renewable Energy Fund 2 was established to enable investors to invest in target opportunity companies whose AD projects qualified for the UK’s renewable energy tariffs and were eligible to apply as a qualifying company under the Enterprise Initiative Scheme until reliefs for AD projecgts were withdrawn.full details...
The Goldfinch Film EIS Fund 2 offers Investors access to investment opportunities in the UK’s growing film production industry by working with experiencedfull details...
The Grange Farm AD Energy EIS Fund is a medium term fund that offers suitable investors access to the Anaerobic Digestion Renewable Energy sector, when eligible for the UK Government’s Enterprise Initiative Scheme taxfull details...
Odexia Consumer Brand EIS Fund was established to enable investors to gain investment exposure to EIS qualifying consumer brand companies with established revenues and high growth potential. The Fund is focused on the ‘equity gap’,full details...
Particle Fund 1 represents an opportunity for suitable investors to invest in a managed portfolio of independent filmed entertainment projects with potential for capital growth. The Fund seeks to mitigate risk and maximise profits by combining a portfoliofull details...
The SEED Advantage EIS Fund is a medium term fund that offers suitable Investors access to a series of investment opportunities initially developed by Seed Mentors Ltd in a range of B2B and B2C new businesses across different sectors, all of which will be eligible for the UK Government’s Enterprise Initiative schemefull details...
The objective of the Fund is to invest in companies eligible for EIS Reliefs that may have previously received investment from Symvan SEIS Funds and have reached a milestone where additional funding is necessary and appropriate.full details...
The Dragon SEED Advantage SEIS Fund is a medium term fund that offers suitable Investors access to a series of investment opportunities developed by Seed Mentors Ltd in a range of new businesses originating from or with a Welshfull details...
The SEED Advantage SEIS Fund 1 is a medium term fund that offers suitable Investors access to a series of investment opportunities developed by Seed Mentors Ltd in a range of new businesses across different sectors,full details...
The Symvan SEIS Technology Fund 2 is a medium term fund that offers suitable investors access to a series of investment selected technology opportunities, in a range of new businesses, all of which will be eligible for the UK Government’sfull details...
The Symvan Seed Opportunities Fund has been established to make investments in UK companies that are eligible for SEIS tax reliefs. The Fund offers investors access to an opportunity to invest in Start-up and Growth companies operating in a number of differentfull details...
The Second SEED Advantage SEIS Fund is a medium term fund that offers suitable Investors access to a series of investment opportunities developed by Seed Mentors Ltd in a range of new businesses across different sectors,full details...
The Third Seed Advantage SEIS Fund represents an opportunity to invest with the benefits of SEIS reliefs and CGT reliefs in a number of small businesses in different business sectors. This Fund invests in Investee Companies that,full details...
The Start-Up Series SEIS Fund One is organized to invest over time in 12 qualified finalists from a monthly series of competitions commencing in October 2016 plus potentially 2 further companies. The competitions are conducted (in association with startups.co.uk) by Worth Capital who also provide commercialfull details...
Paul Barnes is a Fellow of the Association of Chartered Certified Accountants. In 2010 Paul also became a Member of the Chartered Institute for Securities & Investment. Since 1983, Paul has amassed considerable experience in venture development, financial management, corporate finance and M&A transactions. As a business builder, Paul has been a key member of the teams which developed and floated - by admission to the AIM market - both Tristel PLC (2005) – an Infection Control and Hygiene Products Company and Oxford Catalysts Group PLC now Velosys Group PLC(2006) – a leading Innovator in the synthetic fuels industry, raising substantial funds for both companies. Variously between 2005 and 2010 he served as the executive Finance Director of these two public companies in addition to having in 2003 established Beach Street Limited, an FSA regulated corporate advisory firm. Since 2005 he has continued to develop and maintain close links with business ventures as the part-time finance director for a range of companies: in healthcare and pharmaceuticals (2005 – current), biofuels (2010 – current) and since 2006 Etherstack PLC, a wireless software engineering company which in 2012 was admitted to listing on the Australian Stock Exchange.
Michael Waller-Bridge is a personally Chartered Fellow of the Chartered Institute for Securities & Investment. He worked at the Advanced Systems Group and the Strategic Engineering Unit of the London Stock Exchange 1986-1991 prior to co-founding Tradepoint, Europe’s first official electronic equities Stock Exchange where he also served as CEO 1994-1997. Tradepoint was admitted to the AIM market in 1996 and in 2001 became, as Virt-x, part of the Swiss Stock Exchange. Michael was a Founder Member of the World Technology Network in 1998 and through to 2008 worked as an advisor with ventures including Interactive Investor PLC, an online stockbroker, Sturgeon Ventures LLP, a business incubator and regulatory consultancy, and Pre-X Capital Management, a fund management firm. Michael holds degrees in Theoretical Physics (University of Kent) and History of Science (Imperial College, London University). Michael is a Member of the Institute of Physics and a Member of The Association of Photographers.
About Amersham Investment Management Ltd Amersham Investment Management Ltd (“AMIM”) was founded in 2009 by Paul Barnes and Michael Waller-Bridge for the purpose of developing specialised investment management services. After researching their identified market need, AMIM was subsequently authorised in 2011 as an FSA regulated investment management firm and fund operator with FRN 507460 and organised to provide Regulated Operator services to corporate advisory firms and Investment Management services in respect of EIS/SEIS funds and VCT funds.
Amersham Investment Management Ltd,
1st Floor, 25 Lexington Street, London W1F 9AH
T: +44 (0)207 734 7524
F: +44 (0)1494 434 245
For all enquiries regarding application forms or other administrative aspects of the Funds please contact:
Nicola Snelling, Administration