Both are debt instruments, but they differ in structure and scale. Loan notes are typically issued to a smaller number of investors with bespoke terms, while bonds are generally larger, more standardised offerings that may be listed on an exchange. We can discuss structuring considerations and introduce you to relevant investors.

The Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) are UK government-backed programmes designed to encourage investment in early-stage and growing companies. They offer qualifying investors significant income tax relief — up to 50% for SEIS and 30% for EIS — subject to HMRC eligibility criteria and individual circumstances. Tax treatment may change in the future.

SEIS is for very early-stage companies that are less than 3 years old, have fewer than 25 employees, and have gross assets under £350,000. EIS is for slightly larger companies with fewer than 250 employees and gross assets under £15 million. Both require the company to carry on a qualifying trade. We can help coordinate with your tax and legal advisers on eligibility and HMRC advance assurance.

Timelines vary depending on the instrument, the amount being raised, and the complexity of the structure. Fundraising typically takes 6 to 12 weeks for most instruments. IPOs are more complex and can take up to 2 years before listing, depending on the size and structure of the deal. We'll provide a realistic timeline during our initial consultation.

We introduce businesses raising capital to investors and provide capital-raising structuring support. We do not provide regulated financial advice, personal financial advice, or investment recommendations to individual investors. Investors should seek independent financial advice before making any investment decisions. All investments carry risk, including the potential loss of capital.

This depends on the type of raise. Investment memoranda, term sheets, subscription agreements and compliance documentation may be needed. For IPOs, a full prospectus or admission document is required. We work with your legal and compliance advisers so the structure and documentation are in order before investors see them.

A security trustee is an independent entity appointed to sit between investors and the bond or loan note issuer. The trustee holds and maintains the security interest on behalf of all investors, charges over the issuer's assets, and files a debenture at Companies House to prevent other parties from securing those assets without a Deed of Priority. This avoids the cost and complexity of each individual investor having to hold separate security. In the event of a default, the trustee coordinates enforcement on behalf of all investors impartially.

No. All investments carry risk, including the potential loss of some or all of your capital. Loan notes and bonds are debt instruments, but they are not deposit-protected and are not guaranteed by any compensation scheme. Returns depend on the financial performance and solvency of the issuing company. You should seek independent financial advice before investing.