Corehaus Hero-2
Live Investment Opportunity

CoreHaus

EIS Eligible Investment Opportunity
Modular housing manufacturer on a mission to transform the delivery of newbuild affordable housing.

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Position & Position, Company

Overview

Accelerating the delivery of high-quality affordable housing.

CoreHaus applies known, tried and tested construction methodology intelligently and ingeniously to meet the growing demand for offsite manufactured housing solutions.

The company's Modern Methods of Construction (MMC) manufacturing principles are based on ground and first floor standardised ‘modular cores’ which house a pre-finished kitchen, staircase, WC, bathroom, central heating and electrical control systems. Roof ‘core’ units are also available for additional bedroom suites and ground floor extension units if required.

As a result, 80% of commonly-problematic construction processes are taken care of offsite with up to 50% reduction in the onsite construction programme.

Investment Opportunity

CoreHaus

Sector: Advanced Manufacturing
Target Sought: £ 2,000,000
Minimum Investment: £ 5,000
Investment Type: Equity
Tax Schemes: EIS
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The Board

The Founders and Directors bring a wealth of experience and knowledge

The team has a demonstrable track record of starting up and scaling businesses. Collectively, the team has over 80 years of experience in housing, regeneration, procurement, finance and modern methods of construction.

Craig Peterson Founder & Non Executive Director
Norman Peterson Founder & Non Executive Director
Dave Neilson Founder & Non Executive Director
John Beckford Chairman & Non Executive Director

The Executive Team

Executive Team with a proven track record

CoreHaus is driven by a team of experienced construction, manufacturing and housebuilding professionals who are focused on ensuring CoreHaus will directly contribute towards solving the UK’s housing crisis.

Daniel Selby Managing Director
Christopher Archer Production Manager
Shane Murray Commercial Manager

Housing Delivery. Transformed.

Highlights

Key Investment Highlights

A snapshot of the Key Investment Highlights associated with CoreHaus and their current EIS-eligible investment opportunity.

Numbers-01
EXPERIENCED MANAGEMENT TEAM

The team has a strong, demonstrable track record in manufacturing, construction, modular housing and house building.

Numbers-02
MODULAR HOUSING EXPERIENCE

Experience of the modular housing market and modern methods of construction from design and construction to delivery and installation on site.

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DEEP MARKET UNDERSTANDING

In-depth knowledge of the market and the significant opportunities for MMC and modular home construction.

STRONG PARTNERSHIPS

Exceptional partnerships with reputable contractors and housebuilders, delivering direct routes to market, alongside a strong supply chain and customer relationships across the construction sector. 

CLEAR VALUE
PROPOSITION

Innovative, sustainable and customisable with a customer-centric focus to deliver a best-in-class modular housing solution for the construction industry and affordable housing sector.

FOCUSED TARGET MARKET

Large demand via housing associations, affordable housing delivery partners and Homes England strategic partnerships.

FULLY OPERATIONAL FACILITY

A 20,000 sq ft manufacturing unit located in Murton, County Durham services nationwide demand for the CoreHaus innovative modular housing solution.  

PRODUCT INNOVATION

A modular central core combined with load bearing panelised wall system results in a more efficient build programme, less site disruption and is more adaptable to smaller sites.

POSITIVE
IMPACT

Delivering innovative, sustainable methods of construction to positively impact the UK house building and construction sector, helping to accelerate Government targets for new build homes.

CO-INVESTMENT OPPORTUNITY

The potential to invest alongside specialist corporate investors and experienced private investors, including Fusion21 who have committed £1 million to this round.

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EIS TAX RELIEF AVAILABILITY

Investors have the ability to access the generous tax reliefs available under the EIS (depending on individual tax circumstances).

GROWTH FOCUSED FORECAST

Investment will drive the business towards future growth with forecast returns of 4.81x MoM on the base case forecast. Note these returns are not guaranteed and are indicative only.

Traction to Date

The team has laid the foundations to scale.

2020

Startup
With £350,000 raised from a Corporate Investor, the team were onboarded in August 2019.

Defining The Vision
To create a modular housing manufacturer with a different approach.  Part modular, part panelised - operating from smaller factories with lower overheads and a lower carbon footprint. 

Progressing The Mission
To transform the delivery of low carbon affordable homes. Faster build. Competitive Cost. Social Value.  

First MMC Units Delivered
Seven proof of concept units manufactured and delivered in conjunction with strategic delivery partner, Homes by Carlton.

Headcount

04

Investments

01

Round 1

Pre Seed

£350,000

2021

Factory Launch
20,000 sq ft production facility launched at Jade Park in County Durham.  Capacity to deliver over 100 units per annum.

Super Seed Round
CoreHaus raises further investment to support the initial market entry strategy and prepare for growth.

First Production Units in Manufacture
Order secured from Homes by Carlton to deliver four affordable homes as part of a high quality 31 unit development.

Corehaus image 4

Headcount

08

Investments

01

Round 2

Super Seed

£660,000

2022

Industry Accreditations
Applications for ISO 9001, ISO 14001, ISO 45001, BOPAS and NHBC accepted.

Awards
Winner of the Modern Methods of Construction at the Construction Excellence Awards 2022.

Scale-up
With a pipeline of circa £20 million, CoreHaus are ready to embark on the next phase of growth.

Growth-focused Fundraise

The team are now opening up the business to GCV Invest members to invest alongside existing CoreHaus investors - who have already committed £1,000,000 to this round - and fuel the next stage of growth.

Headcount

18

Investments

01

Round 3

Series A

£2,000,000 - open

Live Investment Opportunity

CoreHaus

EIS Eligible Investment Opportunity
Download the Investment Memorandum to discover the full details of the current investment opportunity into CoreHaus. 

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FAQs

Want to find out more about investing with GCV?

Should you have any further questions regarding this investment opportunity, please reach to the Investment Team, you can contact us at any point 

  • Our online platform allows for investors to register directly here, but Dan Smith - Investor Relations Director - is available to support. Dan can be contacted at dan.smith@growthcapitalventures.co.uk and on 0330 102 5525.

  • There are no joining fees or on-going management fees. Membership of GCV Invest is completely free, giving you access to well researched, carefully selected investment opportunities across asset classes, all with the potential to provide portfolio diversification and superior investment returns.

    Transaction fees are only charged at the point of a liquidity event occurring (such as a trade sale or IPO for private companies and completion of a residential development for property transactions). At this point, 7.5% of the investment gain is charged before funds are provided back to you as an investor.

    Whilst dividend payments should not be expected from early-stage companies, more mature companies may include dividend payments, if and when they are paid, 7.5% of the dividend amount is charged to investors.

  • Where a wide range of information on tax efficient investing is readily available at the touch of a button, ensuring sources are up to date, unbiased and accurate can be a crucial task when researching the ever-evolving tax efficient investing landscape  - why not try the GCV Invest content library as a starting point?

  • GCV offer experienced investors the opportunity to invest in carefully researched early-stage businesses with high growth potential.

     

    We specialise in opportunities that are SEIS and EIS qualifying, offering investors generous income tax reliefs of between 30% and 50% when making the investment and no capital gains tax on investment profits at realisation stage.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.
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Risk Summary

Estimated reading time: 2 min

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

What are the key risks?

  • You could lose all the money you invest
  • Most investments are shares in start-up businesses or bonds issued by them. Investors in these shares or bonds often lose 100% of the money they invested, as most start-up businesses fail.
  • Checks on the businesses you are investing in, such as how well they are expected to perform, may not have been carried out by the platform you are investing through. You should do your own research before investing.

You won't get your money back quickly

  • Even if the business you invest in is successful, it will likely take several years to get your money back.
  • The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common.
  • Start-up businesses very rarely pay you back through dividends. You should not expect to get your money back this way.
  • Some platforms may give you the opportunity to sell your investment early through a 'secondary market' or 'bulletin board', but there is no guarantee you will find a buyer at the price you are willing to sell.

Don't put all your eggs in one basket

  • Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments. Learn more here.

The value of your investment can be reduced

  • If your investment is shares, the percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares.
  • These new shares could have additional rights that your shares don't have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment.

You are unlikely to be protected if something goes wrong

  • Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. Try the FSCS investment protection checker.
  • Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated platform, FOS may be able to consider it. Learn more about FOS protection here.

If you are interested in learning more about how to protect yourself, visit the FCA's website here.

For further information about investment-based crowdfunding, visit the crowdfunding section of the FCA's website here.
Driving Growth.
Creating Value.
Delivering Impact.

Backed by

Growth Capital Ventures (GCV) is backed by funds managed by Maven Capital Partners, one of the UK’s leading private equity and alternative asset managers.