In his latest update for Tax Efficient Review, Martin Churchill wrote:
“It will be interesting to see how the composition of the EIS market this year unfolds. In the last tax year 2015/16 we estimate that capital preservation offerings accounted for about 75% of the more than £700m raised by promoted EIS.
Going forward however, the capital preservation offerings will not have the benefit of any energy trades and it is unclear what trades if any might offer the scale to fill the gap.”
With energy trades no longer EIS qualifying and a well-respected provider declaring that they will not have any EIS availability this year, it seems highly likely that EIS capacity is rapidly becoming something of a scarce resource.
TIME Investments believes that dry bulk shipping offers a robust, scalable and asset backed investment that can help fill this gap with a growth oriented EIS opportunity. With TIME:EIS having raised its full £5 million for its first tranche in the 2015/16 tax year, we’re pleased to confirm that tranche 2 is now open for investment in the 2016/17 tax year – making TIME:EIS one of the few asset backed opportunities in the market.
Who is investing in TIME:EIS?
When it first launched, TIME:EIS drew a lot of interest from the adviser and shipping community alike, and we were delighted that amongst our many investors, there were several advisers investing their own cash and over a dozen shipping industry professionals.
We’re thrilled both groups are already showing such significant interest in this non-contentious EIS qualifying opportunity.
While we raise further funds for the next tranche of TIME:EIS, our shipping acquisition team at RB British Marine, with the help and oversight of our independent advisory committee, is now entering the due diligence phase and we hope to be able to announce the purchase of our first vessel soon.
Key benefits for TIME:EIS
- Asset backed, with investment realisation expected within 4-5 years
- Market is currently at a historic low point, creating potential for significant upside
- Asset management provided by an established UK shipping group with a successful track record overseen by an independent advisory committee made up of three highly respected shipping industry heavyweights
- Non contentious business model for EIS
- Each vessel purchased without use of debt, thereby reducing the overall risk profile
- Advance assurance granted by HMRC for £20m of capacity
- Base case target return of £1.27 for each net 70p invested
- Highly rated by independent researchers
- Minimum investment £10,000
Early bird discount: 1% off for all investments received by 1 July 2016
We’re happy to announce the introduction of an early bird discount of 1% discount for any investment received by us before 1 July 2016. To find out more about TIME:EIS and the early bird discount please call 020 7391 4747.
Please note that we are unable to accept applications for tranche 2 on the previous 2015/16 application form, so would ask that you destroy any remaining 2015/16 forms you are holding and request new forms from us or download the 2016/17 application below.
Full due diligence available for TIME:EIS
To complete your due diligence on TIME:EIS, we have created a full pack that is available to all advisers. Included in the pack is a suitability letter and comprehensive due diligence questionnaire. Our pack also includes independent reviews with high ratings from Martin Churchill, Allenbridge and MICAP, along with an independent shipping sector report from Intelligent Partnership.
If you would like to find out more about TIME:EIS and the current early bird discount please contact us on 020 7391 4747 or email@example.com