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Catering, Food and Drink

Itasca Wines Ltd

Status: Active

Feb 4th 2020 - Nov 30th 2020

1 day left

Itasca Wines is a Hampshire-based vineyard and winery that produces fine English wines. The company is raising funds for its contract winemaking facility, to fulfil the growing demand from vineyards. There are over 760 vineyards in the UK currently, 111 have their own winery and only a handful of these provide contract winemaking services to other vineyards. Itasca Wines aims to become a major winemaker and create award-winning wines at Penn Croft. The company planted its first vineyard of 16,000 vines in May 2019 and has featured in Vineyard Magazine in February and May 2019.

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Itasca Wines Ltd Rating Review

Rated on 13/04/2020

Pitch Rated

76%

overall

Management

81%

Product

62%

Investment

85%

Pitch rating powered by CROWDRATING

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 81%

Skills 64%
The company has a small management team covering the essential roles of product development, sales, and finance. The CEO has previously worked as a producer in the Film and TV sector. The company's product development head is a skilled winemaker, with prior experience in the vineyards and wineries. The company has also appointed an Investor Relations manager who possesses the expertise of sales, marketing, events and account management as well. The finances of the company are overseen by their Finance Director who specialises in using accounting information to analyse underlying performance, key performance indicators, and turning performance data into meaningful analysis.

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Funding progress



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  • £335,000
    pledged
  • 83%
    of goal

    £400,000
    target

    £2,292,000
    pre-money valuation

    9.58%
    equity available

    Withheld
    investors

    Withheld
    pledge per investor

    11161848
    company number

    Active
    company status

    22/01/2018
    incorporated 3 years

    £20.00
    share price

    Equity Calculator
    Investment
    £
    Equity
    %
    Previous Funding rounds
    04 Feb 20 Envestors £335,000 / 84% 76.00%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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