Golfbreaks.com, one of the UK’s leading golf travel companies, launched its second mini-bond on Monday as part of an effort to raise £2 million needed for expansion across the USA, Scandinavia and the UK.
The Golfbreaks Bond 2 offers investors 7.5 percent gross return per annum, over a four-year initial fixed term. Investments can range between a minimum of £2000 up to a maximum of £100,000, with bondholders having the option to extend the term of their Golfbreaks Bond 2 by successive one-year periods at the end of the initial four years.
Golfbreaks.com now has an annual turnover of £55 million, growing significantly since raising its first £2.9 million through a bond offer in 2014. Golfbreaks.com has recently acquired the premium golf travel business Xclusive Golf, owned by sky sports presenter Sarah Stirk.
Commenting on the Golfbreaks Bond 2, Andrew Stanley, Chief Executive, said:
“From the outset of planning our first Golfbreaks Bond, we saw the potential benefits of offering our customers an attractive return on their money by bringing them closer to the business. As a result of the funds raised the business has made great strides and delivered on specific targets.
“To take us to the next stage we are now reapproaching our loyal customers, as well as the wider investor community, to help accelerate our plans to take a share of the US domestic golf travel market, as well further develop our UK and Scandinavian businesses.”
Golfbreaks are raising the funds to enable them to accelerate the Company’s strategy to capture a share of the US domestic market, opening their business up to North America’s 30 million golfers. Funds will also be used to increase its Scandinavian marketing activity via the Golfbreaks.com’s Copenhagen office and continue growing its UK business by enhancing and promoting its new Xclusive Golf collection and the recruitment of more people to build the systems, partnerships and destinations that it provides to British golfers.
Miranda Wadham on 03/10/2016
