The Square One Bond
Square One is a customer experience focused mobile phone network for businesses. They are raising debt to service more customers and to invest in their staff and their technology.
Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS). Read our full Risk Warning
15/10/2018 - 31/01/2019 (Unless fully subscribed earlier or if the directors, at their sole discretion, decided to extend the offer).
Bonds are transferable but are not listed on any investment exchange which means that bondholders will have to find a willing buyer and agree a purchase price with them.
Secured by way of debenture over the company’s assets
Head of Finance
Head of Sales
Head of Service Delivery
Square One offers its customers mobile phones on their virtual network, mobile data, broadband and hosted phone systems, all accompanied by one-on-one customer service and a single, unified bill.
With a customer retention rate of over 90%, Square One are confident that the market for their services is far larger than they are currently able to service. Indeed, they now have pipeline business worth around £55m, translating to £13m of projected retained profits over the term of the bond.
In order to service this pipeline, Square One need working capital - to invest in their people, their technology and to fund the upfront purchase of handsets for new customers.
And that’s why they are running this bond. In return for the money you lend, Square One will pay a yearly interest rate of 6% on the money you lend and are offering exclusive rewards for early birds.
Please read the offer document (below) to find out more about their business and their offer. Go to the AirSensa Website
Businesses historically had the option to use one of the four Mobile Network operators in the UK: Three, Vodafone, 02 and EE. Alternatively, they could choose a Mobile Virtual Network Operator. Whichever they opted for, Square One found that businesses encountered the same complaints: reception black spots, billing complexity and service suspensions.
There was therefore a clear opportunity for Square One to have an impact in the market by providing a new level of service tied to its existing specialism in hardware solutions. Square One established its own Mobile Virtual Network, invested in their billing platform and grew its customer support team to become the business you see today.
Square One continues to have exciting discussions with its key partners such as Three Ireland