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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. Take 2 mins to learn more

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. Take 2 mins to learn more

Read our full Risk Warning

Invest in sustainable horticulture

Sustainable bond
Sarah Raven’s Kitchen and Garden Limited
IFISA eligible
Minimum Investment £50
Term 5 years
Interest 7.5% per year
£1,250,000
Raised
£1,250,000
Target
100%
£900k min. raise
Offer Closed
0 hour left

Sarah Raven

Sarah Raven’s Kitchen & Garden Limited (“Sarah Raven”) is an online lifestyle gardening brand, providing a broad range of seeds, seedlings, plants and bulbs as well as gardening kit and home and lifestyle products.


Sustainability is central to the company’s aspirations and it has a keen focus on reduction, recycling and repurposing. Its Rookery Farm plant nursery uses biomass boilers to heat its greenhouses using fuel from local waste wood and cardboard and saves significant water by harvesting rain collected in its own reservoirs to water its plants. The company has clear intentions around peat use, championing pollinators and methods of growing that support wildlife populations, sourcing plants locally and advocating integrated pest management strategies. Sarah Raven secured Planet Mark certification in 2023, demonstrating its commitment to measuring and reducing its carbon emissions.


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"Our mission is to inspire and guide everyone to discover their passion for gardening and get the real benefits of being outdoors in nature. Our vision is to bring beauty, colour and joy to every garden in a way that encourages nature to flourish and the support offered by the raise will not only allow us to fulfil the purchase of Rookery Farm but help us grow the business further over the coming years.”

Sarah Raven

The bond offer

Sarah Raven has benefited from a long-standing partnership with Rookery Farm – a nursery in Lincolnshire. Rookery Farm has been the principal plant grower for the company and has also handled its plant fulfilment for over 13 years. In 2022, Sarah Raven acquired Rookery Farm; a strategic decision to increase the company’s capacity, improve profit margins and facilitate a centralised distribution centre.

Sarah Raven is seeking to raise £1,250,000 to complete the final payment for the nursery in January 2024 and to continue to invest in the growth of the wider business.

IFISA eligible

Sarah Raven bonds are eligible to be held in a Triodos Innovative Finance ISA (IFISA). As with all ISAs, there are eligibility criteria and you receive interest tax-free. ISA eligibility does not guarantee returns or protect consumers from losing their money.

To invest in Sarah Raven bonds through a Triodos IFISA, select the ‘Invest through IFISA’ option. This selection will add to your current year IFISA or will open a new IFISA if you haven’t previously opened one.

Transferring an existing ISA

If you want to invest by transferring an existing ISA to a Triodos IFISA you must first request the transfer. You can do this under ‘Account’ once you’ve become a registered user of the platform. Your ISA transfer must be completed first, before you make an application for bonds.

Key terms

Issuer
Sarah Raven’s Kitchen and Garden Limited
Target amount
£1,250,000
Term
5 years, repayable on 30 September 2028
Minimum investment
£50 
Interest
7.5% gross per year. Payable in arrears on 30 September each year (paid net of UK basic rate tax unless held in an IFISA) with the first payment on 30 September 2024. Payment of interest and repayment of capital are not guaranteed.
Early repayment
Sarah Raven has the right to repay the bonds without penalty from 30 September 2025.
Security
The bonds are unsecured, which means that bondholders will rank equally with Sarah Raven’s other unsecured creditors and behind secured and preferential creditors on an insolvency.  
Transferability
Bonds are transferable but are not listed on any investment exchange which means that bondholders will have to find a willing buyer and agree a purchase price with them, which in practice may not be easy. Investors should be prepared to hold the bonds for their full five-year term.
Covenant
A gearing covenant applies which places a limit on the group’s total permitted borrowings. Whilst the bonds remain outstanding, payment of dividends to any shareholder are only permitted subject to the retention of a minimum cash balance of £100,000 immediately after any such payment. An annual dividend cap also applies. A breach of any covenant constitutes an event of default.
Minimum raise
£900,000. If less than £900,000 is raised, monies will be returned to investors with no accrued interest.
Timetable
Closes on 18 July 2023, unless fully subscribed earlier or the offer is extended. Bonds are allotted 14 days after close and investors start to accrue interest from that date.
Capital at risk warning
Past performance is not an indication of future performance. Capital is at risk and returns are not guaranteed. Investors should read the offer document in full, including the risks section, before deciding whether to invest.

Offer is closed

Offer Closed

Invest in sustainable horticulture

Sarah Raven’s Kitchen and Garden Limited

Picture

"Our mission is to inspire and guide everyone to discover their passion for gardening and get the real benefits of being outdoors in nature. Our vision is to bring beauty, colour and joy to every garden in a way that encourages nature to flourish and the support offered by the raise will not only allow us to fulfil the purchase of Rookery Farm but help us grow the business further over the coming years.”

Sarah Raven

Sarah Raven

Sarah Raven’s Kitchen & Garden Limited (“Sarah Raven”) is an online lifestyle gardening brand, providing a broad range of seeds, seedlings, plants and bulbs as well as gardening kit and home and lifestyle products.


Sustainability is central to the company’s aspirations and it has a keen focus on reduction, recycling and repurposing. Its Rookery Farm plant nursery uses biomass boilers to heat its greenhouses using fuel from local waste wood and cardboard and saves significant water by harvesting rain collected in its own reservoirs to water its plants. The company has clear intentions around peat use, championing pollinators and methods of growing that support wildlife populations, sourcing plants locally and advocating integrated pest management strategies. Sarah Raven secured Planet Mark certification in 2023, demonstrating its commitment to measuring and reducing its carbon emissions.


The bond offer

Sarah Raven has benefited from a long-standing partnership with Rookery Farm – a nursery in Lincolnshire. Rookery Farm has been the principal plant grower for the company and has also handled its plant fulfilment for over 13 years. In 2022, Sarah Raven acquired Rookery Farm; a strategic decision to increase the company’s capacity, improve profit margins and facilitate a centralised distribution centre.

Sarah Raven is seeking to raise £1,250,000 to complete the final payment for the nursery in January 2024 and to continue to invest in the growth of the wider business.

IFISA eligible

Sarah Raven bonds are eligible to be held in a Triodos Innovative Finance ISA (IFISA). As with all ISAs, there are eligibility criteria and you receive interest tax-free. ISA eligibility does not guarantee returns or protect consumers from losing their money.

To invest in Sarah Raven bonds through a Triodos IFISA, select the ‘Invest through IFISA’ option. This selection will add to your current year IFISA or will open a new IFISA if you haven’t previously opened one.

Transferring an existing ISA

If you want to invest by transferring an existing ISA to a Triodos IFISA you must first request the transfer. You can do this under ‘Account’ once you’ve become a registered user of the platform. Your ISA transfer must be completed first, before you make an application for bonds.

Key terms

Issuer

Sarah Raven’s Kitchen and Garden Limited

Target amount

£1,250,000

Term

5 years, repayable on 30 September 2028

Minimum investment

£50 

Interest

7.5% gross per year. Payable in arrears on 30 September each year (paid net of UK basic rate tax unless held in an IFISA) with the first payment on 30 September 2024. Payment of interest and repayment of capital are not guaranteed.

Early repayment

Sarah Raven has the right to repay the bonds without penalty from 30 September 2025.

Security

The bonds are unsecured, which means that bondholders will rank equally with Sarah Raven’s other unsecured creditors and behind secured and preferential creditors on an insolvency.  

Transferability

Bonds are transferable but are not listed on any investment exchange which means that bondholders will have to find a willing buyer and agree a purchase price with them, which in practice may not be easy. Investors should be prepared to hold the bonds for their full five-year term.

Covenant

A gearing covenant applies which places a limit on the group’s total permitted borrowings. Whilst the bonds remain outstanding, payment of dividends to any shareholder are only permitted subject to the retention of a minimum cash balance of £100,000 immediately after any such payment. An annual dividend cap also applies. A breach of any covenant constitutes an event of default.

Minimum raise

£900,000. If less than £900,000 is raised, monies will be returned to investors with no accrued interest.

Timetable

Closes on 18 July 2023, unless fully subscribed earlier or the offer is extended. Bonds are allotted 14 days after close and investors start to accrue interest from that date.

Capital at risk - warning

Past performance is not an indication of future performance. Capital is at risk and returns are not guaranteed. Investors should read the offer document in full, including the risks section, before deciding whether to invest.

Please note that payment of interest and capital is not guaranteed and is dependent on the continued successful operation of Sarah Raven’s Kitchen & Garden Limited

Investments offered on this platform are not readily realisable, which means that they may be difficult to sell and you may not get back the full amount invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and your capital is at risk and returns are not guaranteed. Repayment of capital and interest or payment of dividends will be dependent on the success of the organisation's business model and past performance isn’t a reliable indicator of future performance. You should always read the offer document in full before deciding whether or not to invest as it will cover risks specific to an individual investment. You can read more about the general risks associated with making these types of investments. If you are unsure if any of these investments are right for you, you should contact an Independent Financial Adviser.

Triodos Bank UK Ltd. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008.