Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Mustard Seed Property

Affordable Homes - Community Shares

63% raised
4-5%

Forecast
return

Investors
83
Days left
36
Raised so far
£189,655

Mustard Seed Property provides desperately-needed supported homes for vulnerable adults in Cornwall, providing a safe space where they can flourish

Match funded
Improving lives
Affordable Housing

Target
£300,000
Min raise
£100,000
Offer opened
27/06/2023
Closing date
30/06/2024

Match Funded

Win Win

This investment is match funded with an investment of £20,000 from a new member who is an aligned corporate supporter of Mustard Seed Property

Mustard Seed Property Limited
Society no. 30293R
Cornwall, UK
Incorporation date: 31 July 2007

Your money will…

  • Help create better lives for vulnerable people who are homeless or at risk of homelessness in Cornwall by providing supported and secure homes

  • Create affordable housing for people who need it most in Cornwall, where local people are being priced out of rental properties

  • Provide vital help for people living with physical or mental health problems, or addiction, by offering the support they need

  • Earn a potential return Investments in the share offer will target a return of 4-5% per annum

The bigger picture

As the housing crisis continues to affect locals in Cornwall, affordable rental properties are increasingly hard to find. For vulnerable adults, this causes huge problems, so since 2007, Mustard Seed Property (MSP) has been providing innovative housing and support solutions. Here’s how:

  • MSP buys and renovates buildings in Cornwall, making them available to partner organisations to provide secure and supported housing
  • The properties are rented affordably to partner organisations support vulnerable people at risk of homelessness, with learning disabilities, mental health problems or those recovering from addiction
  • The benefit is much more than a roof over their heads. Expert support services are provided, helping people to flourish and move on with their lives

  • MSP currently has two properties in its portfolio which are housing tenants, with another under development. It aims to grow its portfolio to meet the urgent need for homes for vulnerable adults. They have a strong track record of repayments to their existing community of 300+ members and investors.

    *Min investment is £250 (with £100 minimum investment for local people – living in Cornwall). 

What your money will do

Your investment in MSP will:

  • Help finance the completion of their third property, which will create homes for five autistic adults with learning disabilities
  • Purchase and develop another two properties urgently needed to provide secure homes for vulnerable adults at risk of homelessness
  • Provide permanently affordable leases to partner organisations that would otherwise struggle to find suitable properties to house the people they work with
  • Ultimately, it will help MSP provide supported homes for over 30 of the most vulnerable people in Cornwall each year

Team

Mustard Seed Property is determined to build on this successful model and this share offer will help them fund the next phase of their work. 

https://mustardseedproperty.co.uk/

Stephen Clague

Director

Stephen is a Chartered Accountant, having trained with PricewaterhouseCoopers. For many years he has been Finance Director for a variety of enterprises, most recently at Cornwall Care, the largest provider of adult social care in the county. Since 2019, he has acted as a Finance and Business Adviser to a range of enterprises. Aside from his involvement with MSP, he is also a trustee of Emmaus Cornwall, a charity supporting the homeless, which itself is in need a property and land. He is dad to a young adult with a learning disability.

Suzie Ackford

Director

Qualified as a chartered accountant with Arthur Andersen. She then created a global HR Consulting business Penna Consulting PLC where she was CEO and Chairman for ten years. She currently works with a number of fledgling charities and social enterprises in Cornwall.

Adam Langer

Director

Adam is a qualified and experienced counsellor specialising in working with trauma and addiction. He has worked in Family Assessment, Residential Drug and Alcohol Rehabilitation, and Supported Housing. He is the founder and Managing Director of the Bideford Lighthouse Project CIC and joined MSP as a partner for the Newquay Lighthouse Project CIC.

Lynn James

Director

A member of MSP from the beginning, Lynn is a counsellor, manager and supports people with learning disabilities. She ran her own small upholstery business for 28 years. Lynn brings particular knowledge and skills in serving the people supported by the partner charities of MSP and leads on social impact and ensuring MSP delivers for vulnerable people. Lynn is also a trustee director of Mustard Seed (SW), which is one of MSP’s founding partners.

Richard May

Director

Richard has over 35 years’ experience as a Chartered Surveyor working throughout the South West region. Following ten years as a partner in Knight Frank he set up Maze, an Exeter based consultancy business, dealing with residential and commercial work. He specialises in Planning and Development but typically works with corporate clients and charities on acquisition and portfolio enhancement.

Steve Maxey

Director

Steve worked for the Probation service for 11 years at a Bail Hostel, and also worked as bank staff for ten years for Spectrum supporting Autistic adults. Steve joined St Petroc’s in 2004, initially as a weekend house manager, then graduating to service manager and now as the Associate Director of Residential Services.

Charles Lewis

Director

Charles is a Chartered Quantity Surveyor and a Fellow of the Royal institution of Chartered Surveyors (and also a Senior Investment Manager at Resonance Limited). He has over 30 years’ experience of working in all sectors of the property environment, both in the UK and mainland Europe.  He was previously an Equity Partner with EC Harris (now Arcadis) and is now part of the Resonance team with a focus on delivering projects for a new impact investment fund, “Resonance Community Developers”. Charles supports MSP on the purchase, development, and refurbishment of their properties. 

Daniel Brewer

Director

Daniel is CEO of Resonance Limited where he leads a growing team supporting social enterprises and charities prepare for investment in a variety of transactions including real estate acquisition and development, community share issues and direct venture capital investments. He has seen the company flourish as it has created demand-led, impact investment funds. Daniel founded Resonance in 2002 having spent several years in manufacturing as an engineer and leading a political lobbying campaign on the UK poverty trap.   Outside work Daniel is a non-exec of a small number of high impact social enterprises and part of the advisory council of a leading impact investor foundation.

Nick Smith

Management Support

Nick works in the finance team at Resonance. Previously he worked within the finance industry for nine years, with the most recent four years spent in the finance team of a local Cornish charity. He has a Bachelor of Commerce degree, majoring in accounting, and is currently working towards becoming a Chartered Accountant through ACCA. Nick supports MSP with all finance and accounting functions, including management accounts, payment of invoices and liaising with suppliers.

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Interest accrual and payment

Interest will be accrued by shareholders from 1 April 2024 for investments made up to 29 March 2024. For investments made from 1 April 2024 or thereafter interest will accrue from the first day of the month following the date of the investment.

Interest will be paid annually within 90 days of the end of each financial year (30 September), subject to available funds. This will be 4% per annum from 1 October 2023, 4.5% per annum from 1 October 2024 and then 5% per annum from 1 October 2025.

Mustard Seed Property will as a default re-invest all interest as a new share issue for all members that have less than the maximum of £100,000 of share capital, members have the option to opt out and receive cash returns.

Getting your money out

Mustard Seed Property’s policy is that all new shares may not be withdrawn for 12 months and then subject to 6 months notice 

Investing on behalf of children

Mustard Seed Property does not currently accept investment on behalf of children.  

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