Cornware Cutlery successfully raised £39,000 to fund the production of 3,120 boxes 1572 days ago. Check back soon for more offers.
Cornware Cutlery
Cornware the manufacturer of corn-based, eco-friendly, sustainable packaging returns to PrimeStox.
Adam Petyt & Rohit Belani, Co-Founders
repaid
Paid back in full on
17 Aug 19
On time
Offer Details
NOW
Already funded!
Earn
6.0%
In 6 months
EquivAlent to
14%
per year
-
Updates & Files
OFFER LAUNCHED: 17th February 2019
Cornware UK launched 3 years ago with a mission to sell high-quality, customizable, biodegradable tableware with a low-carbon footprint. Today they are selling in a range of high-profile outlets.
Cornware's first offer on PrimeStox repaid successfully in 2018. Today Cornware has a large new order for their cutlery which they are raising funds to fulfil.
The company is raising £39,000 to produce 3,120 boxes of cutlery. In return for your support they are offering to repay in just 5 months plus 5.6% profit or 6.1% PRIME. That's an annual equivalent rate of up to 15.3%.
Cornware UK launched 3 years ago with a mission to sell high-quality, customizable, biodegradable tableware with a low-carbon footprint. Today they are selling in a range of high-profile outlets.
Cornware's first offer on PrimeStox repaid successfully in 2018. Today Cornware has a large new order for their cutlery which they are raising funds to fulfil.
The company is raising £39,000 to produce 3,120 boxes of cutlery. In return for your support they are offering to repay in just 5 months plus 5.6% profit or 6.1% PRIME. That's an annual equivalent rate of up to 15.3%.
UPDATE
Offer Details
NOW
Already funded!
Earn
6.0%
In 6 months
EquivAlent to
14%
per year
-
what's being funded?
Colourful biodegradable cutlery
3,120 boxes funded by 89 backers
EARN OVER 6.0%FUNDED£39,000- Base element is corn starch
- 100% biodegradable
- Low cost
- Can withstand temperatures of -20 to 120 degrees celsius
- Sold in boxes of 1,000 each
-
The Proposal
Cornware's first offer in 2018 was successful. This year the war on plastic is continuing to gain momentum.
Cornware UK Ltd has been at the forefront of the boom. In the last 12 months turnover grew by 75%. The company is targeting sales of over £1.2m in the next 12 months.
Cornware's proposal is to raise funds to fulfil a purchase order for 3,120 boxes of cutlery.
The buyer is a prominent High Street lunchtime food chain with 61 outlets nationwide.
The order is secured under contract. Cornware also signed a Supply Agreement with this buyer in January 2019 stating minimum volumes and delivery times.
Cornware's plan is to fund the production costs in the next ten days. The product will be delivered to the client ten weeks later and payment terms are 60 days.
You can fund Cornware's production. In return Cornware are offering to repay in just 5 months plus 5.6% profit or 6.1% PRIME. That's an annual equivalent of up to 15.3%.
You'll also become a Friend of the brand.
LocationLondon, EnglandProducerAdam Petyt & Rohit BelaniAmount£39,000Duration5 monthsProfit5.6% standard or 6.1% PRIMERepay date28th July 2019Security3,120 boxes of Cornware cutlery -
Where’s It Selling?
The Producer
Cornware UK was founded by business partners Adam Petyt and Rohit Belani in 2015.
They were inspired by the example of Singapore.
Adam lived as an expat in Singapore in 2014 managing an events and hospitality business. Rohit is Singaporean and founded an education and training business there.
Together they saw how advanced the sustainability movement was and realised it would spread to other countries.
So was founded Cornware UK Ltd, dedicated to bringing corn starch-based, plastic-alternative packaging to UK tables, kitchens and eateries.
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