loanLoan
Capital at risk
60
Months
8.0%
Secured
Director
guaranteed
Capital at risk
Secured
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Mark Marengo are sharp cut British tailors offering a wide range of bespoke items that are not only high quality, but are sustainably and ethically sourced. Mark Marengo is looking to continue growing and providing excellent smart-wear to their customers, with a particular focus in the Asian market this year. Following Mark Marengo’s round of crowdfunding last year, we are now looking to move into the second stage of the Mark Stephen and Mark Marengo brand and offer something no one is offering yet.

Caring passionately about quality and elegance, but above all, sustainability and ethical sourcing.

At Mark Stephen and Mark Marengo we are passionate about tailoring and achieving the perfect fit for every individual. This sharp-cut tailoring is the signature look of Mark Marengo, designer of the Mark Stephen and Marengo brands.

This round of funding will be used to continue our growth internationally. This will follow on from the showroom and visiting tailor concept trialled for Mark Stephen, where valuable lessons were learnt over the last nine months on how to operate from a retail point of view.

We are very much dedicated to our clients, so, following many discussions with our new millennial cohort, we found that they are looking for a more personalised service with increased speed in delivery. This has highlighted the gap in the market; as retail in other sectors becomes faster and more personal, so will we. We will look to deliver a truly personalised service and made-to-measure suits completed within very short timeframes.

This is not a completely anomalous move, as other tech companies are entering this market. However, it is important to highlight that none have the design background Director Mark Marengo has. Marengo feels this gives the brand an insurmountable advantage as he has years of experience as a designer, experience which will be noticeable through the design-led made-to-measure suits and shirts.

This ties in to the Marengo USP: the perfect fit. We plan to offer this customised service coupled with digital technology; our patterns are currently being digitalised, with plans to be ready within the next month. This will mean our personal stylists will be able to use their iPads to measure the client (no more faff with pen and paper!) and send the precise measurements to the factory. The suit will be ready to deliver within 18 days.

Not only does the client get the perfect fit, this avoids alterations, thus saving our clients money, whilst reducing the time to complete. Furthermore, suits can now be bought online and reordered at leisure, even from abroad, as their measurements will be safely saved online. Your perfect fit is at your fingertips.

We plan on entering the market aggressively, with prices starting at £399 and £499 for more luxurious designs.

The benefits from this process include:
Over 100 fabrics from which to choose
On demand production costs, avoiding large payments in advance for ready-wear
Ready-wear collection, finely tuned to meet demand, will still be available for clients not wishing to wait 18 days
Higher quality than ever before – Chinese workshop which we're using is one of the best in the world
Cashflow will drastically improve, with little stock held by us
Website will be innovative and offer a brilliant range of products

The Mark Marengo brand is moving from its Savile Row store to a showroom at 42 Berkeley Square. This will result in a drastic lowering of our costs. In addition, Savile Row has become very quiet, with many vacant units and little traffic, so we feel the showroom concept can work with our luxury line, focusing very much on made-to-measure and handmade suits, whilst continuing to provide all the aforementioned benefits.

On another note, Marengo has signed on with a Chinese company to open further shops and showrooms in China using the showroom concept. This has catalysed further work in the Chinese state-of-the-art workshop, where the potential for volume is exciting.

Our first shop in China is set to open before the end of the year. Mark Stephen is already available in Northern China (bottom right image), where we work with a Chinese partner and offer our Asian fit range, which has been received with much excitement.

Currently, 20% of all our profits are from our Chinese business. We are lowering our fixed costs by closing our Savile Row shop, whilst the New Berkeley Square showroom only costs £75k a year, all inclusive.

SECURITY: 2nd Charge on - Ash Lawn, High Street, Hurley, Maidenhead, SL6 5LT

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 300k
Raised
£ 104k
Investors
296
Estimated close date
23h 37m

Where will the funds go?

Pay off bank overdraft
£150,000
Website photography and development
£20,000
Cloth purchases
£60,000
SEO & Google Ad-Words
£50,000
Working capital
£20,000

Key people

Mark Marengo
Director
Red cup icon

Investor rewards

Spruce up with Mark

10% off for the next 3 years from the Mark Marengo brand (*purchases for the investor only)

Spruce up with Stephen

5% off for the next 3 years from the Mark Stephen brand*

Treat Yourself

If you invest £501 - £1,000
15% off for the next 3 years from the Mark Marengo brand*

Treat Yourself

10% off for the next 3 years from the Mark Stephen brand*

New Wardrobe

20% off for the next 3 years from the Mark Marengo brand*

Got a question for the business?

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A. Hi Raju,
The asset is my house worth 2.3 million minimum...mortgage is 1.3 million.

All the best


Mark

A. The asset is my house worth 2.3 million minimum...mortgage is 1.3 million.


Best,


Mark

A. The asset is my house worth 2.3 million minimum...mortgage is 1.3 million.

best


Mark

A. The asset is my house worth 2.3 million minimum...mortgage is 1.3 million.


best

Mark

A. Hi Nicola,

We will launch in October our made to measure concept with 3 weeks lead time for suits and shirts.
This will be at the same prices currently of our ready wear so our clients get a great bargain and it means no more fittings, once we have their measurements on iPad thats it,and they can buy online and get the suit of jacket delivered to their door with the perfect fit.
It will also mean we will have much more capital available as we will not need to stock a lot of ready wear

A. Hi,


Because we have lowered our costs by 200k with the closure of our savile row shop.
And also doing a completely new concept of visiting tailors, this is why i am putting my house up as collateral as we are very confident with our client base that we can grow the business very significantly.


best

Mark

A. The asset is my house worth 2.3 million minimum...mortgage is 1.3 million.

all the best

Mark

A. Hi Bejul,
The beauty of crowdfunding is with the incentives we then offer specifically to people who have invested in us, we can hopefully get them and you as clients so this works great for us and for you.This then lowers a lot the higher interest rate we are having to pay doing it this way.We already have at the time of me writing this answer 234 investors,realistically by the end of the campaign we will have 600 minimum if we can get 60 new clients this will be great.

A. Hi Mark

We will reach the target, there is no doubt about that, it will probably be in tranches of 100k.


best


Mark

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Business brand

W1S, UK

"Caring passionately about quality and elegance, but above all, sustainability and ethical sourcing."

Incorporated
12 years, 6 months
Equifax score
15 / 100
Equifax Grading
powered by Equifax
Low score
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