A typical new start business will have a well-researched opportunity and be aiming for a turnover of more than £250,000 in the first year. It will have cash investment of at least £25,000 provided by the founders.
The cash is ‘hurt’ money, the seed capital, it proves commitment to the project.
Mercantile provides people as practical as new business owners and as eager to get the enterprise off to a flying start. We dislike overheads and direct costs that are not under sufficient control and we act as a short-term partner while helping to plan the strategy, create a comprehensive business plan and seek and negotiate the funding. Our particular expertise is with projects calling for between £100,000 and £2 million.
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