Started in 2001 in Old Spitalfields Market in London’s East End, Square Pie now is a leading name for gourmet pies in the UK. Supplying approximately 80 Tesco stores, Ocado.com and its own six London restaurants with its comfort foods, the fast-growing restaurant and grocery business last year fed over 700,000 people, won 7 awards at the most recent Great Taste Awards and is on track to hit sales of £5 million in FY2015. Founded by Martin Dewey, Square Pie makes over 125 different pie varieties with a record 990 pies sold in a day
The Pie Bond has raised over £122,500 of its £750,000 target on Crowdcube, with an 8% p.a. interest rate with a minimum subscription of £500 and a 4 yer bond term. Square Pie is raising funds to bring its pies to more people by opening more restaurants, increasing the team and spreading the word about its British classics. The first 100 people who invest will also be invited to an exclusive party, so investors can meet the Square Pie team.
“So if you invest £1,000 into the Pie Bond with an interest rate of 8% per annum, you’ll receive £80 (subject to applicable tax) of interest each year for the next four years – £320 in total before tax. When the bond matures after four years you’ll get your initial £1,000 investment back… We will pay investors 8% interest plus other rewards and after 4 years you get your money back, what’s not to enjoy?! Please be aware your capital is at risk,” shared Square Pie on its website.
Mini-bonds provide a regular return on your savings by lending money to more established brands over a set period, typically 3-4 years. Mini-bonds are unsecured, non-convertible and do carry risk. Mini-bonds are usually transferable though liquidity is not guaranteed.
For more detailed information regarding Square Pie’s delectable campaign on Crowdcube, please click here.
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