Office stationery supplier A1 Office Assistant has set-up an Enterprise Investment Scheme to raise £300,000 towards expanding its business.
The company aims to provide a paperless ordering system for office stationery by offering a 24-hour online ordering facility through the internet. As this is the way forward, this should provide investors with the opportunity to jump on the internet bandwagon. It plans to back up the servicewith a guaranteed next day delivery.
The service will be targeted at offices of all sizes, from small home based enterprises through to large city corporations. By using a centralised ordering and accounts system, A1 Office Assistant believes it can keep its overheads to a minimum.
The company intend to create a nationwide network of medium sized stationery and office suppliers which it will oversee as an operational holding company. It will be modelled on Amazon.com Corporation which according to A1, has been successful with a similar concept in the US market.
A1 Office Assistant believes the EIS will have widespread appeal due to its low minimum investment of £1,000 and the relatively low amount it intends to raise. However, due to the nature of EIS, it is only likely to appeal to the more sophisticated investor.