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WEB MARKET PLACE

Preloved clothing retailer scaling its eco-friendly operation

revenueshareRevenue
Capital at risk
Venture Debt
36
Est. Months
15.0%
apr
Director
guaranteed
IFISA
Successful
Capital at risk
Director guaranteed
IFISA
Venture debt
Amount
£
You make
£
Successful
Minimum investment is £100
Total return
£
Est. Monthly repayments
£
Our APR explained
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Web Market Place, trading as preworn.co.uk, are back following their last successful raise to continue their growth. Preworn.co.uk is combatting the third most polluting industry in the world, fashion, by purchasing clothing from recycling centres to sell via their website and retail channels. Since their last raise, they have continued scale and will use the funds raised now to move to a larger warehouse, hire more staff, update their software and continue to purchase more stock.

Tell me more

Go green with pre-worn clothing

Web Market Place, trading as preworn.co.uk, was established with a clear mission: to offer an alternative to high street fashion which has a damaging effect on the environment. 1,800 gallons of freshwater is required to make one pair of cotton jeans, which will have a 915-pound carbon footprint. Meanwhile, around 235 million items of clothing will end up in landfills every year in the UK. Only a slim 12% of pre-worn clothing goes to recycling centres, most of which gets sent abroad. We step in and purchase as much of the discarded clothing as we can, then grade, measure, and professionally photograph each item to put on our website for resale at cheaper prices than they would be on the high street.

We currently store our products in our own 15,000 sq.ft warehouse in Oswestry and have developed bespoke e-commerce software, so we can do everything in-house and keep costs to a minimum. Our technology includes programmes to manage data, inventory, orders, and shipping respectively. As an environmentally-progressive business, we also keep our waste output to a minimum - for example, we never put damaged clothing on a landfill, but sell it onto textile companies who can, in turn, repurpose it into new fabrics or even insulation for buildings.

Since our last campaign to purchase further stock in bulk, we have grown significantly and will soon be relocating to a 33,300 sq.ft warehouse near Wrexham Industrial Estate. With the funds raised in this campaign to cover moving costs, hire more staff, update our software and continue to purchase more stock.

X

Business keeps the raised amount even if target is not met.
Revenueshare - product type
Maximum
£ 30k
Raised
£ 30k
Investors
170
Est close date
Funded 4 years ago in 10 days

Where will the funds go?

Recruitment
£15,000
Update software
£6,000
Relocation costs
£3,000
Purchasing stock
£6,000

Key people

JC
John Crayford
Director
AJ
Adam Jon Firminger
Director
Red cup

Investor rewards

Bag a bargain

If you invest £250+
Get 50% off your order of preloved, clothing from top brands.

Business brand

Oswestry, UK

"Go green with pre-worn clothing"

Incorporated
7 years, 6 months
View website
See financials

Risk warning

Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.