HIGHSPEC TECH LTD

HIGHSPEC TECH

One-stop-shop for tech and gaming enthusiasts

Loan

Capital at risk

Months

12.0%

apr^*

Successful

Capital at risk

Amount

You make

Successful

Minimum investment is £100

Total return

Monthly repayments

Our APR explained

Founded by technology experts with over ten years of experience, HighSpec Tech offers a premium one-stop-shop for all gaming and tech needs. Their top-quality products include laptops, PCs, peripherals, components, and everything in-between, such as VR bundles and drones. The funds raised will be used to hire additional staff to continue their outstanding customer service and to purchase more stock, which you can sample yourself with their offered discounts.

Tell me more

All your tech needs in one place

HighSpec Tech was established to combine leading products and cutting-edge tech with outstanding customer service. We offer a wide range of products, with something for everyone, experts to novices, supplied by brand giants like Intel, Nvidia, and Samsung. One of our specialities is gaming tech, for which we act as a one-stop-shop, covering PC systems, with the option to customise, and Virtual Reality bundles which include headsets, sensors, motion controllers, and six free games.

All our systems have been built with attention to detail and care by the HST team, and all components are picked to ensure the best quality and maximum compatibility. We also sell refurbished products to accommodate a range of budgets. Recently, we partnered with Interest-Free Credit provider, DivideBuy, to provide 0% APR credit for HST customers. We pride ourselves on going above an beyond for our customers which is reflected in our reviews: we currently have a 4.5/5 rating and a multitude of glowing testimonials. Take a look at our rewards offered below to sample our tech yourself!

We've set our growth plans into place and will use the money raised in this campaign to invest in more stock. Our most recent venture in into retailing drones, including Spark, a mini drone that features all of DJI's signature technologies with the advantage of a more practical, portable size. We will also use the funds raised to recruit additional staff to ensure we continue to deliver our impeccable service as we scale up.

Business keeps the raised amount even if target is not met.

Maximum

£ 53k

Raised

£ 53k

Investors

283

Estimated close date

Funded 6 months ago in 7 days

Where will the funds go?

Stock purchase

£35,000

Recruitment

£15,000

Working capital

£3,200

Key people

Matthew Mayes

Director

Investor rewards

Sample our tech

If you invest £100 - £999

5% discount

Upgrade

If you invest £1,000 - £9,999

8% discount

Go all out

If you invest £10,000+

10% discount

Q. Your turnover has increased a lot but net profit decreased so your profit margins are very slim. Is there any plans to increase the profit margins? Thanks

A. Hi, we moved in to our new premises in Jan this year which was just a 2500 sq feet shell warehouse, we created office space, workstations for PC builds, secure store room with mezzanine and kitchen, all secured with monitored alarm system and remote CCTV. next year our net profit without these expenses will be much healthier. with the extra working capital we will have better buying power to get the build components at a much better discounted rate.

Q. there are Two companies Highspec tech & Highspec gaming so how will the funds be used & why Two company names if doing the same thing? thanks

A. HST Gaming is going to be a shop for VR Enthusiasts that will give people the chance to buy the experience before purchasing any products. They are similar businesses but ones an online retail store and HST Gaming is a shop/showroom. One of the reasons why we have separated the online and retail business is to take advantage of the rate relief for commercial premises one being retail shop and the other being a warehouse/manufacture. HST Gaming has given a CCG for the purpose of this crowdfund

Q. I can understand the unique selling point for the desktops since the get customised, but what is the USP for drones - are they not just shipped off-the-shelf?

A. They are shipped straight off the shelf but we are currently in the process of looking at different ways certain components of the drones can be used.
i.e the VR headset that can be used to see as the drone does also have an application on PC. it can be used to play games and watch movies.
We are also looking into other uses such as the SDK kit for the DJI drones as there may be further uses with the right tools.

Q. Hi there, Congratulations on a good start. Is the 2019 figure contingent on a good Chrismas or does it tend to be spread out through the year?

A. Hi,
November, December and January will always be our most lucrative months due to the current online buying trends, however, our business is growing month on month organically through steady increases throughout the year.

Q. I con't understand how you can support a turnover of 250K in 7 months with only 35K of stock+ cash + debtors. What is the value of stock today?

A. Hi,
Thank you for your question and interest.
Our stock levels fluctuate weekly depending on the weekly sales because we build to order and need to have most of the parts in stock. This weekend we had a total sales figure of £9385.58 and should hit £20K sales by Friday therefore will probably have £45K in physical stock this week whilst it flows back out of the door.

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Macclesfield, UK

"All your tech needs in one place"

Incorporated

2 years, 4 months

Equifax score

61 / 100

Equifax Grading
powered by Equifax

Higher than average score

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Investments like these involve risks including loss of capital. Please see our risk section before making an investment decision