Our investment criteria
Shore Capital Stockbrokers Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.
Shore Capital Limited and Shore Capital and Corporate Limited are authorised and regulated by the Financial Services Authority.
The information on this website about Shore Capital Group Limited ("the Company") is derived from sources considered reliable but no warranty, expressed or implied, by the Company, its directors or employees is given as to its accuracy or completeness. No reliance should be placed on this information in any decision to acquire or dispose of shares in the Company or any investment referred to herein. Potential investors in the Company's shares are recommended to take advice before dealing from an authorised professional investment adviser or stockbroker.
The services described on this website are available solely subject to the terms and conditions of a client engagement agreement which will represent the whole agreement between any Shore Capital group company and the client. The description on the website is to provide a preliminary overview and cannot be relied upon as the basis of any contractual obligation. No investment advice is offered on this site and none should be construed as being offered. Past performance is not necessarily a guide to the future and share and unit prices can go down as well as up.
Where links have been provided to other websites this has been done solely for our users' convenience, without giving any express or implied guarantee, endorsement or recommendation by any Shore Capital group company. No Shore Capital group company has any responsibility for the content of such websites and cannot accept any liability in this respect. Use of these links implies acceptance of this condition.
Whilst we seek to keep this website up-to-date, the information displayed is subject to change without notice.
To date the Puma VCTs have raised approximately £100million to provide growth capital on a senior secured basis to investees with a good track record, a credible business plan, and strong financial controls. A significant proportion of these funds have been raised recently and are now available for new investments. The Puma VCTs investment management team is actively seeking suitable investment opportunities where we believe we can forge mutually beneficial relationships with entrepreneurs.
We will require first charge security over stable and high quality assets but can offer a lower cost of capital as a result.
One of our recent investees referred to the fact that the Puma VCTs offer “the best of both worlds”:
- The benefits of senior and mezzanine finance without the headaches, bureaucracy and aggravation of dealing with a lending bank
- The benefits of working with an entrepreneurial and flexible private equity team without the concerns of equity dilution and loss of control
We have a small experienced investment team who can move quickly and have completed investments in 4 weeks from first meeting to funds flowing.
We bring the wider resources of a diversified investment banking group to bear on any given investment and can assist investees across their growth cycle; Shore Capital has equity analysts, corporate finance and public markets specialists.
We have an industry leading track record of returning capital to our investors, and have never had a failed investment. We advocate all of our investments and investee teams in the broader market, often attracting further capital from other investors or assisting with financial exits.
We provide funding at a sensible cost of capital where the upside is left for management
We support development across a wide range of sectors including retail, leisure, residential and commercial development and healthcare. We can also support acquisitions or management buyout’s where there is a strong operator and management team leading execution.
We can provide receivables finance where collection experience is clearly demonstrable
Our criteria and typical terms
We look to support experienced management teams who have a clear track record of success. Our funding levels are set at 60-70% loan to cost on developments, and 60% loan to value on secured growth capital. We can provide much higher lending ratios on pre-let or forward financed deals
Our typical loan size is £2m - £5m, although larger loans (up to £40million) can be arranged on a syndicate basis for the right counterparty.
We charge arrangement fees, typically of 2% to 2.5%, but rarely charge exit or completion fees. Interest rates are dependent on the nature of the transaction, but are competitive.