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WEB MARKET PLACE

Pre-worn clothing company tackling fashion industry waste

revenueshareRevenue
Capital at risk
Venture Debt
30
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

Web Market Place, trading as preworn.co.uk, are combatting the second most polluting industry in the world: fashion. By purchasing clothing from recycling centres to sell on via their website and retail channels, they encourage people to 'go green' as well as save money by choosing from their 60,000 available products. Any clothing that isn't bought by consumers is then sold onto textile companies, who repurpose it. The funds raised will enable them to bulk-buy further stock to resell.

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. The fashion industry is the most polluting industry in the world, second only to oil and around 235 million items of clothing end up on landfills in the UK every year. 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 store our products in our own 15,000 square foot 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. Alongside our own website, we operate on a global scale via 15 eBay channels. Currently, we have 6 permanent members of staff, as well as 2 directors to ensure smooth operation. 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.

We've been trading for two years now, originally starting as a specialist in pre-worn suits and outerwear, and have grown to encompass all types of clothing and accessories. We now list around 60,000 unique products on our online channels, and aim to expand this. Therefore, we will use the money raised in this campaign to purchase further stock in bulk. From dresses to shoes, suits to jeans, we've got all bases covered to help consumers be their bit to help the planet and reduce waste.

X

Business keeps the raised amount even if target is not met.
Revenueshare - product type
Maximum
£ 25k
Raised
£ 25k
Investors
111
Est close date
Funded 4 years ago in 3 days

Where will the funds go?

Purchase stock
£20,000

Key people

JC
John Crayford
Director
AJ
Adam Jon Firminger
Director

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Business brand

Oswestry, UK

"Go green with pre-worn clothing"

Incorporated
7 years, 0 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.