Global ITMO Ltd is backed by environmental incubator and accelerator 350 PPM Ltd.
350 PPM has worked with one new client per year for the last five years, with significant successes in Cleantech development and commercialisation.
Of the last five businesses that they have backed, they have separated from one, though the business in question is developing and trading, one is returning 70% of the capital invested to investor, having successfully been involved in 7 BESS projects, O-Hx has risen from £0.06 to £1.03 per share, ENG8 from £19 to £117 per share, and Enviraboard from £0.06 to 0.15. The latter three are now monetising and partial exits are now possible on one of the above businesses.
While 350 PPM and the associated team, generally play a supporting role, in this instance, they are deeply involved in the business having strengthened fundraising capabilities.
Carbon 350 gained advanced assurance in October 2008.
Thus, we know that EIS is possible for Global ITMO Ltd. While farming itself is an ineligible trade, facilitating the deployment of environmental technologies and processes in return for a commission, is not ineligible
.Because, we had anticipated a different company structure, we are late in applying but believe we can attain EIS advanced assurance by the end of 2026.
