Growthdeck: Teacher Booker



Teacher Booker   |  Digital
Target £500,000
Type Equity
Status Open


The Opportunity

The Teacher Booker platform (built and operated by Vesca Ltd) provides schools with a powerful tool that enables them to manage all staff administration, but particularly the urgent need for contracting supply teachers at very short notice, which is currently provided inefficiently and expensively by recruitment agencies.


The platform is nearing 5,000 teacher registrations with c.100 schools using or implementing Teacher Booker.  This has been achieved with minimal promotion. In addition, Teacher Booker has secured a contract with a major regional education services provider that will provide direct access to a large number of schools.


Target EBITDA Exit Multiple

x10

Target Exit Money Multiple

x9.8

Target IRR

57.8%


This equity instrument is expected to be EIS-qualifying, giving qualifying investors 30% initial income tax relief and potentially tax-free gains on an exit. It is available in units of £5,000. Tax reliefs are not guaranteed. They depend on the venture maintaining its qualifying status and may be withdrawn at any time by HM Revenue & Customs. In addition, the tax treatment of EIS and SEIS schemes depends on the individual circumstances of each investor and may be subject to change in the future.

Management are targeting exit valuations significantly in excess of the £57m modelled for 2023. This is dependent on achieving both earnings projections and assumed exit multiples. If this exit is achieved, it could deliver investors a 9.8x money return - increasing to 14x for those who qualify for EIS income tax relief. Note: these returns are calculated after a performance-based ratchet which provides that once a return of 33.33% p.a. has been achieved for Growthdeck investors, management qualify for an additional 10% share of returns above this hurdle rate.




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Investment details

Fundraise target£500,000

Fundraise maximum£650,000

Minimum investment£5,000

Equity stake13.46% (max 17.5%)

Exit Money Multiple9.8

Exit EBITDA Multiple10

Exit IRR57.8%


Company details

Name:Vesca Ltd

Website:www.teacherbooker.com

Address: 64 Southwark Bridge Road
London
England
SE1 0AS

Company no: 11194198

Incorporated: n/a

Social sites:







Please note

We want our investors to be fully aware of the downsides of equity investing as well as the potential benefits. It's therefore important to realise that investing in small companies always carries risks, including the loss of capital, illiquidity (the inability to sell assets quickly or without substantial loss in value), lack of dividends and share dilution. Equity investments should still be made as part of a diversified portfolio. Read our full Risk Warning