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Technology

ClickMechanic LTD

Status: Active

Oct 23rd 2020 - Feb 2nd 2021

5 days left

ClickMechanic offers car repairs, servicing, Ministry of Transport tests (MOTt), diagnostics and pre-purchase inspections through its nationwide marketplace of vetted mechanics. The company cites research group Mintel's data stating that 50% of drivers got ripped off by car service centres. ClickMechanic wants to change this and become a leading contender in the £23 billion UK automotive servicing industry. The company takes a 20% commission on every completed booking and has secured a Net Promoter Score (NPS) of 85+ for its services. Their exit strategy is via an Initial Public Offering (IPO) or trade sale.

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ClickMechanic LTD Rating Review

Rated on 10/11/2020

Pitch Rated

86%

Gold

Management

87%

Product

86%

Investment

85%

Pitch rating powered by CROWDRATING

  • £100,000
    pledged
  • 33%
    of goal

    £300,000
    target

    £9,045,794
    pre-money valuation

    1.93%
    equity available

    1
    investors

    £100,000
    pledge per investor

    08297894
    company number

    Active
    company status

    19/11/2012
    incorporated 8 years

    £10.55
    share price

    Previous Funding rounds
    23 Oct 20 Angels Den £100,000 / 33% 86.00%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
Click here for more information on our ratings
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Management 87%

Skills 91%
ClickMechanic Ltd was developed by two co-founders who experienced difficulties in finding a suitable mechanic for their car. The Co-founder/CEO decided to study research masters in Manchester, where he devoted himself to understanding these problems better. His research focused on issues that are existing within the automotive repair industry and solutions to help resolve them. He is a former banker with a strong family background in the automotive sector. The Co-founder/CTO has a masters from Imperial College London, and he is skilled in web development, JAVA, CUDA, and C++. Both the co-founders have been recognised and received ‘Young Guns Class of 2018’ a prestigious award presented to a select number of promising entrepreneurs under the age of 35. The Head of Operations has a broad range of commercial, marketing, sales, operations, and product development skills and experience within both a start-up environment and more established companies.

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  • £100,000
    pledged
  • 33%
    of goal

    £300,000
    target

    £9,045,794
    pre-money valuation

    1.93%
    equity available

    1
    investors

    £100,000
    pledge per investor

    08297894
    company number

    Active
    company status

    19/11/2012
    incorporated 8 years

    £10.55
    share price

    Previous Funding rounds
    23 Oct 20 Angels Den £100,000 / 33% 86.00%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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