UK National Asbestos Register

Unsecured Loan Notes

173%

raised
6%

Forecast
return

Investors
110
Hours left
0
Raised so far
£476,500

UK National Asbestos Register (UKNAR) has developed an innovative, simple solution built on SMART QR technology that aims to save thousands of lives by protecting the public from the ongoing risk of asbestos exposures and deadly asbestos related diseases.

IFISA
SITR
Improving lives
Tech for good

Target
£275,000
Min raise
£75,000
Offer opened
21/09/2021
Closing date
30/11/2021
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UK National Asbestos Register (UKNAR)
Company no. 12433778
London, UK
Incorporation date: 30 January 2020

Your money will…

  • Help UKNAR prevent thousands of unnecessary deaths caused by accidental exposure to asbestos in buildings across the UK

  • Make schools and workplaces safer for us all by better informing those at risk about the presence of asbestos.

  • Give the first 50 investors a chance to nominate a school to receive a FREE Asbestos SMART licence worth £200. T&Cs apply - please refer to the offer document for further details.

  • Earn interest. Investments target a return of 6% and are IFISA or SITR eligible for potential tax-free return*

The bigger picture

Asbestos exposure is currently the UK’s biggest workplace killer. Asbestos is present in 1 in 5 workplaces and over 75% of schools and hospitals in the UK, resulting in 50,000 deaths per decade and costing the UK economy billions of pounds. UKNAR is a social enterprise that is dedicated to developing their simple Asbestos SMART technology to better alert and inform people about the presence and dangers of asbestos by:

  • Building a national database to make everyone aware of the locations and presence of asbestos in workplaces and the care that needs to be taken not to disturb it.
  • Using SMART QR technology to ensure this vital information is easily accessible and free of charge to people on these sites.
  • Making it easier for employers and duty holders to fulfil their legal obligations and better safeguard the people they are responsible for.

  • *IFISA & SITR eligibility depends on investors' individual tax status, current legislation and, in the case of SITR, the CIC's compliance with the rules. Please note that investors who invest via IFISA will not be eligible for SITR and vice versa.

Where your money goes

It’s your money so it follows that you want to know where it goes and what kind of impact you’re making. UKNAR will use your investment to;

  • Increase staffing and improve technical capability to ensure up to 10,000 more schools and 10,000 workplaces are on the asbestos register
  • Better safeguard millions of people from the risks of asbestos exposures in the UK.
  • Save the NHS and taxpayers up to £250,000 per mesothelioma case prevented.
  • Support the charity Mesothelioma UK, which will receive 5% of UKNAR’s annual Asbestos SMART licence revenues.

Team

UK National Asbestos Register (UKNAR) has developed an innovative, simple solution built on SMART QR technology that aims to save thousands of lives by protecting the public from the ongoing risk of asbestos related illnesses.
https://uknar.org/

Andrew Paten

CEO & co-founder

Andrew was a co-founder and former CEO of Metro Safety Group. He founded the business in 1992 and helped Metro become one of the UK’s leading providers of fire, health and safety services to professional property managers. His experience is in building effective teams, business strategy and business development within the compliance industry.

Andy Brown

Operations Director & co-founder

Andy has over 30 years’ experience in the asbestos and thermal insulation industry, several years’ experience in IT and over ten years’ experience as a qualified asbestos consultant, understanding all the issues involved.

Candida March

Chair

After having been a researcher/policy adviser for Oxfam GB for 10 years, Candida ran Operations, HR and IT at Metro Safety Group before becoming its chair. As well as UKNAR, she has been a director of five other social enterprises or charities, most often as chair. She is also an executive coach.

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Interest accrual and payment

Interest will accrue from the first day of the calendar month immediately following the date of issue, and will be paid annually on 10th December each year starting in 2022. The Notes should be viewed as a long-term investment, and you should be certain that you will be able to lend the sum chosen for that period.

Getting your money out

The Loan Notes have a fixed 5 year term and there are no plans to repay ahead of this date. The Notes should be viewed as a long term investment.  The Loan Notes are transferable either: (a) upon the death or bankruptcy of an Investor; or (b) by instrument in writing in the usual common form (or in such other form as UKNAR or its agent may approve) in amounts and multiples of £500, provided that where the Investor has received an SITR form from the company in respect of their investment, no transfer shall be made by the Investor, or until three years and one day after the date of issue of these Loan Notes.

Investing on behalf of children

Investments cannot be made on behalf of children.

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Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.

Investments offered on the Ethex platform are not readily realisable, which means that they may be difficult to sell and you may get back less than you originally invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and returns are not guaranteed. If you are in any doubt, you should contact an Independent Financial Adviser.