The forensic marking product company SmartWater has launched a mini bond issue. The UK firm is targeting up to £3m from retail investors and institutions, with funds to be used to develop products and grow the firm’s market share domestically and internationally.
SmartWater is offering 7.5pc gross interest, paid every six months, with a three year minimum investment term. The bond issue will be available until 16 December on a first come first served basis.
SmartWater was launched by brothers Phil Cleary (a former police officer) and Mike Cleary (a chemical scientist) in 1996. The company for example recently held a formal trial with the Metropolitan Police which targeted homes across Brent and Islington who had been blighted by burglaries. The trial reduced burglaries by 85pc in Brent and 63pc in Islington respectively, the product firm reports.
This is SmartWater’s first bond issue. Its products and services are used across residential and commercial sectors; clients include Network Rail, Waitrose and Openreach (a BT Group Business). The company is a recipient of the Prince of Wales Award for Innovation.
Phil Cleary, Co-founder and Chief Executive of SmartWater, said: “we want to give investors the opportunity to partner with a British firm to lead the fight on crime. We have steadily expanded over the past 16 years and, having developed new technologies, have a good prospective new business network in place. We believe now is the right time to embark on the next stage of the company’s growth.”
