October 19, 2018
Experience is key for the hotels of the future
There has been much talk in the hotel industry about creating a “narrative” experience in hotels.Read more
The firm closed its funding bid on Crowdcube 10 days earlier than planned after it became one of the platform’s fastest to surpass the £1 million mark on the first day.
More than 2,000 people have contributed to the campaign since it launched in September, with investments starting at £125, the price of a single share.
The level of investment from both existing members and the public meant the limit of £5 million eligible for the Enterprise Investment Scheme (EIS), which gives investors access to tax relief, was quickly reached so Mr & Mrs Smith decided to close the round at midnight on Monday.
The success of the campaign has made Mr & Mrs Smith the first company in both the UK and Europe as a whole to take advantage of the new UK limit of €8 million for investment crowdfunding, crossing the previous €5 million limit on September 21.
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