Our vision with Cloud Funding is for every single Clear Books customer to own a part of our company. All 5,000 of you, even if you only buy one £8.94 share.

With 5,000 shareholders, who are all our customers, we will create a unique community and culture that differentiates us. This is why we became a public company.

Join us.

www.clearbooks.co.uk/cloudfunding/

 

Posted by Tim Fouracre

Tim founded Clear Books in 2008. Like many small business owners he worked from home for 15 months to get his startup off the ground. Today Tim enjoys helping Clear Books, its customers and its growing team innovate and achieve. Tim did his GCE O Levels in Ghana.

2 Comments

  1. Hello Interested Party,

    If we do not raise the full amount we will scale back our anticipated spend but we still expect to be able to deliver our strategy – it will just take longer as we have less funds up front.

    In terms of communication – we intend to launch a shareholder forum to connect fellow shareholders.

    A note on using a third party crowdfunding platform in general – I was not prepared to do that because the fees are 5 to 6% plus (which is not value for our shareholders). We would have had to send all our customers to a third party service to register etc whereas everything is seamless and integrated with our in house approach.

    The number of customers we have stated in the Share Information Document is the net number of distinct organisations/licenses that are paid for and exist on the system. i.e. this does not include customers whose subscriptions have failed e.g. card expired, not enough credit that month.

    With regards average revenue per customer there is a mix with the subscription base. For example, resellers get discounted rates, some customers are on historic pricing plans, some customers will purchase Open Payroll and not Clear Books.

    Thanks for the questions.

    Tim

    Reply

  2. Hi Chartered Accountant – an interesting query. I believe advisers would use their professional judgement to declare accordingly. Open communication and collaboration are what we thrive on at Clear Books so I would encourage all our shareholders to declare their interest. What a great talking point and endorsement of the product if you are also able to say you are a shareholder! Clear Books is accounting software that helps thousands of businesses save time and grow. It’s providing a real benefit and not a duck island that gets lost in expenses 🙂 http://www.telegraph.co.uk/news/newstopics/mps-expenses/5357568/MPs-expenses-Sir-Peter-Viggers-claimed-for-1600-floating-duck-island.html

    Reply

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