Beauhurst EIS

Private companies make up 99% of the businesses in the UK, employ 83% of the workforce and contribute around 50% of the private sector turnover.

Both public and private organisations often need access to reliable, consistent data on these companies: from councils looking to understand the local business population, to recruiters seeking out new clients, advisory firms needing comparable transaction data, or investors conducting due diligence.

Yet, finding, collecting and understanding information about private companies remains a significant challenge.

Beauhurst (the trading name of Business Funding Research Ltd or “the Company”) was set up to fill this information gap. Founded in 2010, it has developed a machine-learning aided platform providing what management considers the deepest and most accurate dataset on UK private companies on the market. Its coverage includes 14 million companies, 21 million directors and senior managers and is updated with 1,000+ news articles a day.

Beauhurst has grown each year since launch and now has over 500 clients, more than a third of which are on multi-year contracts. In December 2024, the business passed the £10 million ARR milestone, having delivered revenues of £9.3 million and EBITDA of £0.8 million (after capitalised development costs) in the 12 months to June 2024.

Beauhurst has received total debt and equity investment of £9.6 million since inception, and has been capital efficient to date. It is backed by high-profile angel investors – notably Charlie Songhurst (now a main board director at Meta and a serial angel investor) and Berggruen Holdings, the investment vehicle of the Nicolas Berggruen Charitable Trust, both participating in the current round.

The Company is now looking to replicate its success in the UK and expand into key European markets – launching initially in Germany in April 2025.

To accelerate its European rollout, Beauhurst is seeking to raise £2.5 million in this EIS-qualifying funding round, its first equity raise since 2018. £0.8 million has already been committed by existing shareholders – and Wealth Club investors have an exclusive £1 million allocation. The minimum investment is £19,946 and you can apply online.

Predicated on successfully filling this round, the Company is forecasting total revenue of £10.5 million in year ending June 2025, subsequently expanding across Europe to grow to £37 million revenue (£45 million ARR) and EBITDA of £15 million (after capitalised development costs) over the next five years – not guaranteed.

Management is targeting a £250 million exit in the next five years. If this is achieved, investors in this round could receive c.5x (IRR 38%), after performance fees but before EIS tax relief. Investing at this early stage means rewards could be significant, but so are the risks. No further funding is planned to achieve these forecasts – targets and forecasts are not guaranteed.

This is a single company offer with no diversification. It involves investing in an early-stage business, which is by nature high risk and prone to failure. There is a risk that the capital raised may not be sufficient to achieve the Company’s objectives. You could lose all the amount you invest.

Like all investments available through Wealth Club, it is only for experienced investors happy to make their own investment decisions without advice.

There is no ready market for unlisted EIS shares: they are illiquid and hard to sell and value. There will need to be an exit for you to receive a realised return on your investment.

Exits are likely to take considerably longer than the three-year minimum EIS holding period; equally, an exit within three years could impact tax relief. The value of tax benefits depends on circumstances and tax rules can change. 

Before you invest, please carefully read the Information Memorandum which contains further details on the considerable risks – alongside the Wealth Club Risks and Commitments.

Investors will pay no direct initial or ongoing charges to invest. Fundraising costs are being met by the Company. Wealth Club will be entitled to a performance fee on exit. 

Wealth Club investors will invest using a nominee structure. This service is provided by Wealth Club’s subsidiary companies Wealth Club Asset Management Limited (authorised and regulated by the FCA) and Wealth Club Nominees Limited. Wealth Club Nominees Ltd will be completing the share subscription documentation on investors’ behalf.

Please refer to the Schedule of Charges for more details on charges.

All the services Wealth Club and, where applicable, its subsidiaries provide are governed by the Terms and Conditions of the Wealth Club Services.

Beauhurst is at an interesting point in its growth journey. Having achieved meaningful scale in the UK, management believes it is the right time to expand overseas – with a plan to both accelerate growth and deliver significant value growth for shareholders.

An EIS-qualifying scale-up at this level of maturity presents a relatively rare opportunity for investors and could provide attractive returns if management delivers the growth plan – not guaranteed. Returns are presented on an assumed £250 million exit valuation. To deliver this, the business would need to sell for a relatively modest 5.6x ARR.

We consider this to be a compelling, albeit high-risk, EIS investment opportunity – as always, you should form your own view.

This financial promotion has been communicated and approved by Wealth Club Ltd on 14 April 2025

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.