Investees

2c Services Limited

2c Services Limited

www.2cservices.co.uk

2c Services is a fast-growing information technology service provider based in the South West of England, with its own state of the art private cloud hosting infrastructure. It offers flexible and customised hosting solutions for desktops and services with offsite backup and replication, and virtual disaster recovery.

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5th September 2016

C4C has subscribed £50,000 for A Ordinary Shares of £1 each in 2c Services. The ‘A’ Ordinary Shares have preferential rights with regarding capital value if certain exit events occur. C4C has also subscribed for ordinary shares of £1 each in 2c Services, equivalent to 20 per cent of its issued ordinary share capital, on payment of a nominal sum.

The proceeds of this investment will be used in financing the recent acquisition of a customer base and for general working capital purposes.

Anthesis Consulting Group Limited

Anthesis Consulting Group Limited

www.anthesisgroup.com

Anthesis Consulting Group is a specialist global consultancy, offering sustainability services and solutions. They offer a commercially-driven sustainability strategy, underpinned by technical experience and delivered by teams across the world. Besides the UK, they have business based in the USA, China, etc.

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10th November 2016

C4C invested £100,000 for additional ordinary shares as part of a larger fundraising completed by Anthesis in which new professional investors participated alongside employees of Anthesis and other existing investors.

The funds raised by Anthesis will be used to support its planned organic and acquisitive growth.

1st July 2016

C4C invested £100,000 for additional ordinary shares as part of a larger fundraising completed by Anthesis in which new professional investors participated alongside employees of Anthesis and other existing investors.

The funds raised by Anthesis will be used to support its planned organic and acquisitive growth.

Bright Ascension Limited

Bright Ascension Limited

www.brightascension.com

Bright Ascension is engaged in research and development and provides consultancy services related to software and hardware for the space industry and high technology areas. They have developed a strong foundation to their business over the past four years, with some high profile clients.

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29th September 2016

C4C has subscribed £150,000 for 150,000 A Ordinary Shares of £1 each in Bright Ascension. The A Ordinary Shares have preferential rights regarding capital value should certain exit events materialise. C4C has agreed to subscribe for a further £100,000 of A Ordinary Shares in Bright Ascension in due course, subject to achieving certain conditions. This investment will be used to enhance their current product development, business development, support and sales teams.

Civils Store Limited

Civils Store Limited

www.civilsstore.co.uk

Civils Store is a UK specialist supplier of civil engineering and construction materials, currently operating from depots at Penrith, Redruth, Sittingbourne and Evercreech. Civils Store recognises both the specialist demands and changing nature of the products and services that their industry requires.

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5th January 2016

The £300,000 of ‘A’ Loan Notes and £100,000 of ‘B’ Loan Notes held by C4C have been repaid in full and the Company has re-invested the proceeds by subscribing for 400,000 ‘A’ Ordinary Shares of £1 each in Civils Store. The ‘A’ Ordinary Shares in Civils Store held by the Company have preferential rights with respect to ongoing dividends and with respect to capital value on the occurrence of certain exit events.

This restructuring is designed to widen employee ownership at Civils Store whilst aligning C4C’s interest more directly with that of the companies’ employee owners.

30th June 2015

C4C re-structured and extended its loan to Civils Store and made a further loan to provide that company with additional working capital in connection with the opening of a new depot in Somerset. The existing loan of £300,000 to Civils Store, which had been due for repayment or conversion on 29 June 2015, was re-classified as “A” Loan Notes and the date for repayment or, at the Company’s option, conversion into participating preference equity, was deferred to 31 December 2015. The further loan made by C4C to Civils Store comprises £100,000 of “B” Loan Notes, which are repayable or, at the Company’s option, convertible into participating preference equity, by 29 June 2016. The “A” Loan Notes and the “B” Loan Notes bear interest at an appropriate commercial rate.

1st June 2015

C4C agreed to extend to 29 June 2015, the date on which its loan to Civils Store was convertible into participating preference shares.

26th February 2015

C4C made a loan of £100,000 to a subsidiary of Civils Store, CSM Site Supplies Limited (CSM), which is 51% owned by Civils Store, with the remaining 49% held by an Employee Benefit Trust. CSM, based in Stoke on Trent, supplies and distributes products to UK mainland construction sites. The CSM Loan bears interest at an appropriate commercial rate and is redeemable in 12 months or, at the Company’s option, convertible into participating preference shares in CSM, again at an appropriate commercial rate. C4C also subscribed for £50,000 of CSM Preference Shares and provided CSM with a working capital facility of up to £50,000 which when drawn down, bore an appropriate monthly interest rate.

CSM agreed to acquire the business and assets of Midland Construction Supplies Limited (MCS). C4C made a loan of £100,000 to MCS in April 2014 and this Loan was repaid to C4C in full, including accrued interest.

30th May 2014

C4C made its third investment since floating on the ISDX Growth Market through a loan of £300,000 to Civils Store. The proceeds of the loan were used by Civils Store for working capital purposes; it was fixed for a 12 month term and bore interest at an appropriate commercial rate. C4C had the right to convert the loan on or before its due date into participating preference equity in Civils Store, or into similar instruments issued by individual subsidiary companies of Civils Store which may be established in due course. In connection with the loan, Civils Store undertook to establish Employee Benefit Trusts with 20% interests in Civils Store and any of its subsidiaries in which Capital for Colleagues may become interested. Construction Supplies Limited (MCS). C4C made a loan of £100,000 to MCS in April 2014 and this Loan was repaid to C4C in full, including accrued interest.

17th April 2014

C4C made an investment through a convertible loan of £100,000 to Midland Construction Supplies Limited (MCS). The proceeds of the loan enabled MCS to respond to an identified increase in demand for its products and services and for working capital purposes. The loan was for a fixed term of 12 months and bore interest at an appropriate commercial rate. At the end of the 12 month term, the loan notes would either be redeemed in full or converted into preference shares in MCS, at Capital for Colleagues’ option. In tandem with the transaction MCS reorganised its capital structure and committed to allocate 20% of its new share capital to an employee benefit trust.

Employee Owners Group Limited

Employee Owners Group Limited

Trading as Carpenter Oak

www.carpenteroak.com

Carpenter Oak has been designing and building timber framed buildings since 1987.  It has completed a number of award winning projects, from the largest publicly accessible oak framed buildings in the UK, to a timber frame swimming pool in Russia. Their skilled crafts people have created everything from hand.

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6th July 2017

Capital for Colleagues has invested £400,000 and subscribed for 4,286 B Ordinary Shares of £0.01 each in Employee Owners Group, representing an interest of approximately 30 per cent in the issued equity capital of Employee Owners Group. The remaining equity in Employee Owners Group is held by an Employee Ownership Trust (10 per cent, gifted to the Trust by other Employee Owners Group shareholders) and directly by Employee Owners Group employees (60 per cent). This investment will be used primarily for business development as it looks to consolidate and enhance its brand and market position and take advantage of new opportunities.

Computer Application Services Limited

Computer Application Services Limited

www.casltd.com

Computer Application Services, is a developer of Workpro case management software. Applications include the management of regulated complaints, such as those handled by finance and insurance companies, and employee relations case work where complex elements must be routinely managed.

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19th January 2016

C4C subscribed £150,000 for 150,000 ‘A’ ordinary shares of £1 each in Computer Application Services, which have preferential rights with regard to dividends. In addition, Computer Application Services has been granted an option to acquire the ‘A’ Ordinary Shares from C4C on a future specified date, at a price to be determined by reference to the then prevailing value of Computer Application Services, subject to an agreed minimum holding period return. C4C has also made available a loan facility of up to £100,000. This loan bears interest at an appropriate commercial rate, is repayable within 36 months and is secured on the assets of Computer Application Services. The proceeds of the equity investment and the Computer Application Services Loan will be used for general working capital purposes.

Cotswold Valves Limited

Cotswold Valves Limited

www.cotswoldvalves.co.uk

Cotswold Valves, based in Gloucestershire, is a long-established supplier of specialist valves for a range of process industries, predominantly in the UK, including food and paper production, mining, petrochemical, water and waste treatment.

Ecomerchant Natural Building Materials Limited

Ecomerchant Natural Building Materials Limited

www.ecomerchant.co.uk

Ecomerchant is completely dedicated to making ethically sourced, sustainable building materials accessible to all at affordable prices. They also consider the environmental merits of every product before including them in their ranges, opting not to sell products which cause excessive environmental impact.

 

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19th January 2016

C4C subscribed £150,000 for 150,000 ‘A’ ordinary shares of £1 each in CAS, which have preferential rights with regard to dividends. In addition, CAS has been granted an option to acquire the ‘A’ Ordinary Shares from C4C on a future specified date, at a price to be determined by reference to the then prevailing value of CAS, subject to an agreed minimum holding period return. C4C has also made available a loan facility of up to £100,000. This loan bears interest at an appropriate commercial rate, is repayable within 36 months and is secured on the assets of CAS. The proceeds of the equity investment and the CAS Loan will be used for general working capital purposes.

Hire and Supplies Limited

Hire and Supplies Limited

www.hireandsupplies.com

Hire and Supplies is a company engaged in tool and plant sale and rental from two branches in the west of Scotland. They strive to provide the best service in providing brand new powertools, garden machinery and much more. They also have an extensive hire fleet which includes Bomag and Kubota Excavators, dumpers, rollers etc.

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22nd September 2014

C4C announced that it restructured its £600,000 loan to Hire and Supplies following strong trading at the company. By September 2014, C4C had received approximately £440,000 in capital and interest payments and transaction fees pursuant to the Loan. As a result of the progress made by Hire and Supplies in developing its business, C4C and Hire and Supplies agreed that it would be appropriate to restructure the loan to reflect more accurately Hire and Supplies’ current position and its positive longer term prospects. Accordingly, the remaining sums due under the loan, which would otherwise have been payable by March 2015, were restructured as follows:

100,000 was converted into redeemable preference shares in Hire and Supplies, with a term of 5 years at an appropriate commercial rate;
200,000 was converted into a 5 year loan with interest at an appropriate commercial rate.

In addition, the Company received a transaction fee and an annual monitoring fee. Hire and Supplies agreed to work with C4C to implement arrangements enhancing employee engagement via Hire and Supplies’ existing Employee Benefit Trust and to introduce a formal mechanism linking the Company’s return on its preference shares to the return enjoyed by employee shareholders at Hire and Supplies.

Capital for Colleagues CEO John Eckersley said, “We are delighted at the progress that has been made by Hire and Supplies since we provided the loan just 6 months ago. Our funding has obviously had a positive effect on the operations of the business and switching our financing to a longer term basis is an appropriate reflection of our heightened confidence in Hire and Supplies and its prospects.”

19th March 2014

Capital for Colleagues announced its first transaction since the Company’s admission to the ISDX Growth Market on 17 March 2014. It made a loan of £600,000 to Hire and Supplies, a company formed to acquire the business and assets of Tools and Equipment Limited (T&E). T&E was engaged in tool and plant hire, retail and rental, from two branches in the west of Scotland, Dumfries and Oban. The loan to Hire and Supplies bears interest at an appropriate commercial rate and is repayable within one year, in four tranches. The proceeds of the loan were used by Hire and Supplies to create an Employee Benefit Trust owning 20 percent of the issued share capital of Hire and Supplies.

Merkko Group Limited

Merkko Group Limited

www.merkko.com

Merkko is a builder’s merchant which supplies a broad range of materials and equipment, primarily to members of the construction industry. Merkko is a well established business based in Abingdon with over a century of experience, supplying a comprehensive range of construction materials.

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6th October 2015

As part of a restructuring, Merkko Builders Merchants became a subsidiary of a newly formed company, Merkko Limited. Concurrently with this, other companies under similar ownership joined the new Merkko Group, namely Merkko Enterprises Limited and Merkko LED Lighting Limited. In connection with the restructuring, Capital for Colleagues has subscribed £200,000 for 200,000 redeemable, non-voting A Ordinary shares in Merkko, which have preferential rights with respect to ongoing dividends and with respect to capital value on the occurrence of certain exit events. The proceeds of the subscription have been used by Merkko to repay existing loans totalling £190,000. The restructuring at Merkko is designed to widen employee ownership at companies within the Merkko Group.

Office for Public Management Limited

Office for Public Management Limited

Trading as Traverse

www.travers.ltd

Traverse is an independent research and consultancy organisation, which supports and champions the delivery of social impact. Traverse consists of two divisions: OPM and Dialogue by Design, a specialist consultation planning and analysis service. Traverse works with public, private and third sector organisations

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29th September 2016

C4C subscribed £250,000 for 5,295 A Ordinary Shares of £1 each in Office for Public Management.

The A Ordinary Shares have preferential rights regarding capital value should certain exit events materialise. In addition C4C has made a loan of £50,000 to Office for Public Management, which is repayable after 5 years, bearing an appropriate commercial rate of interest.

This investment will be used for capital investment in infrastructure and for general working capital purposes.

Place 2 Place Logistics Limited

Place 2 Place Logistics Limited

www.p2plogistics.co.uk

P2P is a logistics company, operating in the Midlands. P2P’s core business is as a member of the Pallex pallet distribution network and the company also operates a specialist medical logistics business alongside general haulage activities. P2P has a broad customer base, which includes C4C’s existing investee companies.

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11th September 2015

C4C announced that it made a loan of £150,000 to P2P. The Loan is for a fixed term of six months and bears interest at an appropriate commercial rate; the proceeds of the Loan will be used by P2P to satisfy certain short term working capital requirements. On the expiry of the Loan’s term, the Company expects to secure an equity interest in P2P as part of a capital restructuring involving the establishment of an Employee Ownership Trust.

The Homebuilding Centre (Holdings) Limited

The Homebuilding Centre (Holdings) Limited

Trading as NSBRC

www.nsbrc.co.uk

HBC manages the National Self Build and Renovation Centre (NSBRC), comprising of a substantial permanent exhibition centre and trading hub, based in Swindon. The NSBRC promotes awareness of the opportunities available to consumers seeking to secure their own home.

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4th November 2015

C4C announced that it made a further loan of £75,000 to HBC. This Loan bears interest at an appropriate commercial rate and is repayable on demand. The proceeds of the HBC Loan will be used by HBC to assist in the final stage of its move to a sustainable employee ownership model.

4th December 2014

C4C announced that it made a loan of £250,000 to HBC. The proceeds of the Loan were be used by HBC for general working capital purposes. In conjunction with the Loan, C4C was allotted shares representing 25% of HBC’s issued equity capital. A new Employee Ownership Trust holds the remaining 75% interest. The Loan is secured on the assets of HBC and is for a fixed term of 12 months, bearing interest at an appropriate commercial rate. At the end of the 12-month term, the Loan is repayable, renewable or convertible into participating preference equity in HBC, at C4C’s option.

TPS Investment Holdings Limited

TPS Investment Holdings Limited

www.total-pipeline.com

Total Pipeline Specialists sources, markets and distributes a specialist range of pipes, valves, fittings and other associated products for the public utility markets throughout the Republic of Ireland and Northern Ireland, with particular focus on the water market.

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As part of a restructuring of TPS’ share capital, the 200,000 Preference Shares of £1 each in TPS held by C4C have been re-designated as 200,000 ‘A’ Ordinary Shares, which have preferential rights with regard to dividends. In addition, TPS has been granted an option to acquire the ‘A’ Ordinary Shares from the Company on certain future specified dates, at a price based on prevailing value of TPS, subject to an agreed minimum holding period return to C4C. At the same time, C4C received £1 Ordinary Shares in TPS representing approximately 15.6% of the Ordinary Shares. C4C also agreed that approximately £40,000 of Preference Share accrued income was converted to a fixed term loan, repayable in equal monthly instalments by April 2017.