I have had a look through the search system and have no luck finding information. I am trying to find out if this is possible and educate myself before approaching mu accountant.
We have a couple of new products and construction systems that we are planning to introduce, along with this development is the need for IAB certification and the planned attainment of codes ISO 14001 and 900 in our company systems.
Despite having a strong forward order book on our key business, our bank is very reluctant to help finance our progression in any manner. So much so that a lot of time and effort is being focused on pleasing the bank rather than developing our business.
The plan being considered is to approach family and friends and possibly some very good repeat clients in order to raise working capital to fund this growth. Of course there is a risk but the hope is to spread this in issuing 100 shares of equal value blocks of €1,000. Naturally the intention is a dividend per annum and an interest accrual over a fixed period, possibly 3-5 years to allow comparison with a bank bond or savings scheme, followed by full pay back of the initial investment. Our investors would retain their shareholding and gain a future dividend on all profits.
Can anyone advise on the methodology of introducing such a system?
Is is a matter of issuing more shares from the company causing a dilution of the existing 100 share allocation?
Advice and referral sites would be greatly appreciated.
Thanks,
Sean
We have a couple of new products and construction systems that we are planning to introduce, along with this development is the need for IAB certification and the planned attainment of codes ISO 14001 and 900 in our company systems.
Despite having a strong forward order book on our key business, our bank is very reluctant to help finance our progression in any manner. So much so that a lot of time and effort is being focused on pleasing the bank rather than developing our business.
The plan being considered is to approach family and friends and possibly some very good repeat clients in order to raise working capital to fund this growth. Of course there is a risk but the hope is to spread this in issuing 100 shares of equal value blocks of €1,000. Naturally the intention is a dividend per annum and an interest accrual over a fixed period, possibly 3-5 years to allow comparison with a bank bond or savings scheme, followed by full pay back of the initial investment. Our investors would retain their shareholding and gain a future dividend on all profits.
Can anyone advise on the methodology of introducing such a system?
Is is a matter of issuing more shares from the company causing a dilution of the existing 100 share allocation?
Advice and referral sites would be greatly appreciated.
Thanks,
Sean