THE INTERNET RETAILER LIMITED
After raising three successful rounds with a perfect repayment history, we are delighted to have The Internet Retailer Ltd return. They use e-commerce to sell home & garden items online, via it’s own website, Amazon, eBay & On buy marketplaces. They sell a range of brands but their main USP is that they create their own brands. Funds raised will be used for extra items to be sourced & stock purchase.
Bring design led functional products to the worldwide market place
We sell a wide variety of brands but our main USP is that we create our own brands. So we ‘own the buy box, rather than win the buy box. Two brand examples are: “Gardi,” a gardening brand that currently has products in the top 20 for gardening tools on Amazon.co.uk. Another brand of ours is “illucio” which offers a full range of electrical accessories for home and office spaces.
The way we all retail is changing fundamentally & will do as the internet continues to develop. The public is realising that the internet gives the power to shop when they want & use their shopping time more productively. Providing a service which is effortless and convenient for our customers is a priority. We have over 20 members of our team working 7 days a week to supply our customers with the ultimate shopping experience.
We are thrilled about this next phase of expansion. Funds raised will allow extra items to be sourced & stock, both in our warehouse in Forest Row, East Sussex, but equally at Amazon warehousing, allowing same day prime deliveries. Generally we work towards a landed product by sea only costing £5, typically by 1,000 units = £5,000, our gross sale price multiplier with discounting is between x3 & x5, allowing a typical average margin net of fees & VAT of 50%, turning the £5,000 stock investment into £10,000 net, over a period of 3-9 months. Extra working capital will be also used to load stock for seasonal items & re-load stock that needs a top-up for extra growth in sales.
The directors are providing a personal guarantee, this means that if the business fails, the directors become personally liable for the loan. The directors are homeowners, however, this does not ensure there are sufficient assets should the loan need to be recovered. There have been no CCJs against the business or directors. In the 2022 draft accounts, admin expenses were £359,686 and the distribution costs were £365,009. In the 2021 accounts, admin expenses were £344,684 and the distribution costs were £352,475. In the 2020 accounts, admin expenses were £310,815 and the distribution costs were £307,559. The admin expenses in the 2020 to 2022 financial table below are inclusive of distribution costs. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.
The Internet Retailer Ltd. is an e-commerce business and has proven good resilience during the pandemic.
Brighten up your dayIf you invest between £500- £999, you get an online voucher worth £50 for items over £250
Light up your lifeIf you invest between £1000- £4999, you get an online voucher worth £100 for items over £500
Golden dealIf you invest between £5000- £10000, you get an exclusive lunch & 2 hour meeting with the senior team, explaining the mechanics of our e-commerce structure, day to day operations, with an insight onto how Amazon works from a supplier perspective
Forest Row, UK
"Bring design led functional products to the worldwide market place"