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===Funding history=== {| class="wikitable" |+Arctic Shores Funding<ref name=":2" /> !Date !Investors !Raised amount (local currency) !FX rate !Raised amount (GBP) !Post-money valuation (GBP) !Round |- | - |Home |N/A | | |N/A | - (not yet verified) |- |12/2017 |N/A |N/A | | |N/A |Seed (not yet verified) |- |02/09/2019<ref name=":24">https://www.privateequitywire.co.uk/beringea-leads-usd55m-investment-arctic-shores/</ref> |Beringea, Candy Ventures |$5.5m |1.2466 |£4.41m |N/A |Series A |- |02/2020 |Tech Nation |N/A | | |N/A |Support Program |- |13/01/2022 |Standard Treasury |£1.5m |1 |£1.5m |N/A |Debt (not yet verified) |- |05/01/2023<ref name=":22">https://www.arcticshores.com/news/arctic-shores-closes-5.75m-series-b-to-spearhead-the-soft-skills-assessment-market-and-accelerate-growth</ref> |Beringea, Calculus Capital, Praetura Ventures<ref name=":22" /> |£5.75m<ref name=":22" /> |1 |£5.75m |£21.98m |Series B<ref name=":22" /> |- | colspan="2" |'''Total Funding''' | | |'''£11.66m''' | | |} {| class="wikitable" |+Arctic Shores valuation calculation !Input !Series A !Series B |- |Total number of shares pre-fundraise: |3,986,061 |5,129,909<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzMzNjczODM0NWFkaXF6a2N4/document?format=pdf&download=0</ref> |- |Total number of shares post-fundraise: |4,860,106<ref name=":25">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzI0MjgxNDQ4OGFkaXF6a2N4/document?format=pdf&download=0</ref> |7,247,963<ref name=":23">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM2NDc1NjM5NGFkaXF6a2N4/document?format=pdf&download=0</ref> |- |Total new shares: |874,045<ref name=":25" /> |2,118,054 |- |Non-cash consideration new shares: |0<ref name=":25" /> |222,223<ref name=":23" /> |- |Cash consideration new shares |874,045<ref name=":25" /> |1,895,831 |- |Cash consideration new shares as a proportion of the total number of shares (%): |17.98% |26.16% |- |The total amount of money raised: |£4,410,000<ref name=":24" /> |£5,750,000<ref name=":22" /> |- |Post-money valuation: |£22,797,950 |£21,980,122 |- |Pre-money valuation: |£18,697,950 |£16,230,122 |- |Price per share (£) |£4.69 per share |£3.03 per share |} {| class="wikitable" |+Sova Assessment Limited Series A valuation calculation !Input !Value |- |Total number of shares pre-fundraise:<ref>https://find-and-update.company-information.service.gov.uk/company/09593533/filing-history/MzMxMjI5MTc1NmFkaXF6a2N4/document?format=pdf&download=0</ref> |58,514 |- |Total number of shares post-fundraise:<ref>https://find-and-update.company-information.service.gov.uk/company/09593533/filing-history/MzMyODM1NTY3N2FkaXF6a2N4/document?format=pdf&download=0</ref> |70,799 |- |New shares: |12,285 |- |New shares as a proportion of the total number of shares (%): |17.35% |- |The total amount of money raised:<ref>https://www.crunchbase.com/organization/sova-assessment/company_financials</ref> |£6.7m |- |Post-money valuation: |£38.61m |- |Pre-money valuation: |£31.91m |} {| class="wikitable sortable" |+ !Date !Total number of issues shared !New shares !Class of shares !Comments |- |28/06/2013<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzA4MDYyNjc5N2FkaXF6a2N4/document?format=pdf&download=0</ref> |2 |2 |Ordinary | |- |28/01/2014<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzA5NTA0NTQ5NGFkaXF6a2N4/document?format=pdf&download=0</ref> |2,000,000 |1,999,998 |Ordinary |Sub-division of shares. |- |10/12/2014<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzExMzIyNTEwM2FkaXF6a2N4/document?format=pdf&download=0</ref> |2,169,521 |169,521 |Ordinary | |- |23/06/2016<ref name=":3">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzE1NjI1NzAyM2FkaXF6a2N4/document?format=pdf&download=0</ref> |2,386,883 |217,362 |Ordinary | |- |23/06/2016<ref name=":3" /> |2,864,189 |477,306 |Ordinary | |- |08/02/2017<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzE2ODUyNjQ5MmFkaXF6a2N4/document?format=pdf&download=0</ref> |2,976,372 |112,183 |Ordinary | |- |20/06/2017<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzE3ODQ0ODk0NmFkaXF6a2N4/document?format=pdf&download=0</ref> |3,095,715 |119,343 |Ordinary | |- |04/08/2017<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzE4MjI2NDg0NWFkaXF6a2N4/document?format=pdf&download=0</ref> |3,286,660 |190,945 |Ordinary | |- |10/10/2017<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzE4NzI4NjEzN2FkaXF6a2N4/document?format=pdf&download=0</ref> |3,389,295 |102,635 |Ordinary | |- |09/07/2018<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzIwOTMzOTQzOWFkaXF6a2N4/document?format=pdf&download=0</ref> |3,593,670 |204,375 |Ordinary | |- |'''18/10/2018<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzIxNzI5Mjg0MmFkaXF6a2N4/document?format=pdf&download=0</ref>''' |'''3,969,722''' |'''376,052''' |'''Ordinary''' |There's a discrepancy between the total number of shares in this table and in the company's filing (3,969,722 vs. 3,978,195), a difference of 8,473 shares. The 8,473 shares seem to relate to the company Needham Consultancy Ltd <ref name=":12" /> and/or to the person James Williams. <ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzIwOTYwOTkxOGFkaXF6a2N4/document?format=pdf&download=0</ref> |- |22/08/2019<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzI0MjM4MzA2M2FkaXF6a2N4/document?format=pdf&download=0</ref> |4,025,502 |55,780 |Ordinary | |- |28/08/2019<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzI0MjgxNDQ4OGFkaXF6a2N4/document?format=pdf&download=0</ref> |4,899,547 |874,045 |A Ordinary | |- |20/04/2022<ref>https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzMzNjczNjk5MGFkaXF6a2N4/document?format=pdf&download=0</ref> |5,102,287 |202,740 |Ordinary | |- |20/04/2022<ref name=":4">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzMzNjczODA5OWFkaXF6a2N4/document?format=pdf&download=0</ref> |5,104,674 |2,387 |Ordinary | |- |20/04/2022<ref name=":4" /> |5,112,534 |7,860 |Ordinary | |- |20/04/2022<ref name=":4" /> |5,192,534 |80,000 |Ordinary | |- |20/04/2022<ref name=":4" /> |5,193,158 |624 |Ordinary | |- |20/04/2022<ref name=":4" /> |5,195,206 |2,048 |Ordinary | |- |21/04/2022<ref name=":5" /> |5,195,455 |249 |Ordinary | |- |21/04/2022<ref name=":5">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzMzNjczODM0NWFkaXF6a2N4/document?format=pdf&download=0</ref> |5,195,704 |249 |Ordinary | |- |05/01/2023<ref name=":6">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM2NDc1NjM5NGFkaXF6a2N4/document?format=pdf&download=0</ref> |5,211,261 |15,557 |Ordinary | |- |05/01/2023<ref name=":6" /> |5,397,253 |185,992 |A Ordinary | |- |05/01/2023<ref name=":6" /> |5,619,476 |222,223 |A Ordinary | |- |05/01/2023<ref name=":6" /> |6,119,476 |500,000 |B Ordinary | |- |05/01/2023<ref name=":6" /> |6,254,930 |135,454 |A1 Ordinary | |- |05/01/2023<ref name=":6" /> |6,390,384 |135,454 |A2 Ordinary | |- |05/01/2023<ref name=":6" /> |6,810,486 |420,102 |B1 Ordinary | |- |05/01/2023<ref name=":6" /> |7,230,588 |420,102 |B2 Ordinary | |- |24/02/2023<ref name=":7" /> |7,391,699 |161,111 |A Ordinary | |- |24/02/2023<ref name=":7">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM3MDQ1ODAwMGFkaXF6a2N4/document?format=pdf&download=0</ref> |7,416,587 |24,888 |A Ordinary | |- |11/04/2023<ref name=":8" /> |7,417,835 |1,248 |Ordinary | |- |11/04/2023<ref name=":8">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM3NTczMDY3MGFkaXF6a2N4/document?format=pdf&download=0</ref> |7,418,035 |200 |Ordinary | |- |25/05/2023<ref name=":9">https://www.telegraph.co.uk/business/2023/06/13/freetrade-stock-trading-start-up-valuation-plunge/</ref> |7,418,460 |425 |Ordinary | |- |25/05/2023<ref name=":9">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM4MDgwNDE2NWFkaXF6a2N4/document?format=pdf&download=0</ref> |7,418,560 |100 |Ordinary | |- |29/08/2023<ref name=":10" /> |7,429,868 |11,308 |Ordinary | |- |29/08/2023<ref name=":10">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM5MTExNzM0OWFkaXF6a2N4/document?format=pdf&download=0</ref> |7,430,868 |1,000 |Ordinary | |- |27/09/2023<ref name=":11" /> |7,442,549 |11,681 |Ordinary | |- |27/09/2023<ref name=":11">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM5NDYzNTYyMmFkaXF6a2N4/document?format=pdf&download=0</ref> |7,443,199 |650 |Ordinary | |- |'''Total''' | |'''7,268,501''' | | |} {| class="wikitable sortable" |+ !Class of shares !Number of shares !Share class proportion of total shares (%) |- |A Ordinary |1,282,260 |17.64% |- |B Ordinary |500,000 |6.88% |- |Ordinary |4,375,129 |60.19% |- |A1 Ordinary |135,454 |1.86% |- |A2 Ordinary |135,454 |1.86% |- |B1 Ordinary |420,102 |5.78% |- |B2 Ordinary |420,102 |5.78% |- |'''Total''' |'''7,268,501''' |'''100.00%''' |} {| class="wikitable sortable" |+Shareholding as of 28th June 2023<ref name=":12">https://find-and-update.company-information.service.gov.uk/company/08589048/filing-history/MzM4NjIxOTA2MWFkaXF6a2N4/document?format=pdf&download=0</ref> !# !Number of shares !Share class !Name |- |1 |1,000,000 |Ordinary |Robert Newry |- |2 |1,000,000 |Ordinary |Safe Hammad |- |3 |38,543 |Ordinary |Andrew Needham |- |4 |54,333 |Ordinary |Royston Jeans |- |5 |64,500 |Ordinary |Sherief Hammad |- |6 |6,522 |Ordinary |Caroline Elliman |- |7 |96,097 |Ordinary |Oliver Schrader |- |8 |36,077 |Ordinary |Patricia Armstrong |- |9 |170,406 |Ordinary |Malcolm Jackson |- |10 |36,069 |Ordinary |Geoffrey Bailhache |- |11 |985,937 |Ordinary |Candy Ventures Sarl |- |12 |153,234 |Ordinary |NT Asset (Cayman) Limited |- |13 |0 |Ordinary |R Needham Consultancy Ltd. 74,756 shares have been transferred, on 7th September 2018. To where have the shares been transferred? |- |14 |26,731 |Ordinary |Penjuru Capital Pte Ltd. |- |15 |8,473 |Ordinary |James Williams |- |16 |38,183 |Ordinary |M R Howe |- |17 |26,731 |Ordinary |Half Brother Capital Ltd. |- |18 |10,308 |Ordinary |J Arkwright |- |19 |12,415 |Ordinary |R Graham |- |20 |20,691 |Ordinary |R Ronaldshay (Earl of) |- |21 |10,168 |Ordinary |R A Sangster |- |22 |50,839 |Ordinary |Giles Slinger |- |23 |50,839 |Ordinary |Lucy Slinger |- |24 |27,291 |Ordinary |Nick Wentworth-Stanley |- |25 |16,946 |Ordinary |Martin Elphron and Eugenia Ephson |- |26 |16,946 |Ordinary |A Wentworth-Stanley |- |27 |20,691 |Ordinary |Maria Nirusha Balaratham Trust |- |28 |21,391 |Ordinary |Richard Wingfield |- |29 |16,946 |Ordinary |Tower Pension Trustees Ltd. |- |30 |20,691 |Ordinary |Jonathan Davie |- |31 |20,691 |Ordinary |James Corcoran |- |32 |10,168 |Ordinary |Kate Amin |- |33 |12,415 |Ordinary |Guy Roxburghe |- |34 |10,168 |Ordinary |Guy Sangster |- |35 |10,308 |Ordinary |James Dean |- |36 |10,308 |Ordinary |Harry Henderson |- |37 |0 |Ordinary |Needham Consultancy Ltd. 8,473 shares have been transferred on 6th May 2018. To where have the shares been transferred? |- |38 |9,721 |Ordinary |Christopher Milln |- |39 |8,473 |Ordinary |Richard Benyon |- |40 |7,866 |Ordinary |Atomico Angel Program I, LLC. |- |41 |3,745 |Ordinary |Eugenia Ephson |- |42 |24,972 |Ordinary |Philip Green<ref>It seems the correct spelling of the first name is 'Philip', not 'Phillip', based on the following Linked-In page: https://www.linkedin.com/in/philip-green-35b38210/</ref> |- |43 |713,809 |A Ordinary |Proven Growth and Income VCT Plc. |- |44 |382,459 |A Ordinary |Proven VCT Plc. |- |45 |7,860 |Ordinary |Alastair Frater |- |46 |2,387 |Ordinary |Joe Wilson |- |47 |249 |Ordinary |Calum Murphy |- |48 |2,048 |Ordinary |David Cuthbertson |- |49 |80,624 |Ordinary |Lara Montefiori |- |50 |249 |Ordinary |Nisha Wasim |- |51 |100 |Ordinary |Nathan Braithwaite |- |52 |425 |Ordinary |Tom Satterthwaite |- |53 |624 |Ordinary |Joel Yusupoff |- |54 |624 |Ordinary |Mark Williamson |- |55 |824 |Ordinary |Tara Franks |- |56 |3,206 |A Ordinary |Robert Newry |- |57 |3,206 |A Ordinary |Safe Hammad |- |58 |420,102 |B1 Ordinary |Calculus Nominees Ltd. |- |59 |420,102 |B2 Ordinary |Calculus Nominees Ltd. |- |60 |350,000 |B Ordinary |MNL Nominees Ltd. |- |61 |135,454 |A1 Ordinary |Calculus VCT Plc. |- |62 |135,454 |A2 Ordinary |Calculus VCT Plc. |- |63 |9,620 |A Ordinary |Malcolm Jackson |- |64 |8.017 |A Ordinary |NT Asset (Cayman) Limited |- |65 |150,000 |B Ordinary |MNL (BBI) Nominees Limited |- |66 |11,224 |A Ordinary |Adam Hale |- |67 |92,999 |A Ordinary |UK FF Nominees Ltd. |- |68 |4,008 |A Ordinary |Sherief<ref>First name seems to be spelt incorrectly in the company's filing.</ref> Hammad |- |69 |10,422 |A Ordinary |Giles Slinger |- |70 |10,422 |A Ordinary |Lucy Slinger |- |71 |9,620 |A Ordinary |Philip<ref>Company filing shows 'Phil' Green, which seems to relate to the company's existing shareholder 'Phillip' Green.</ref> Green |- |72 |6,413 |A Ordinary |David Mills |- |73 |4,810 |A Ordinary |John Woyton |- |74 |4,008 |A Ordinary |Etedal Hammad |- |75 |94,341 |Ordinary |Needham Ventures Limited |- |76 |8,017 |A Ordinary |Needham Ventures Limited |} {| class="wikitable sortable" |+Aggregated shareholding as of 28th June 2023<ref name=":12" /> !# !Shareholder !Number of shares !Proportion of total shares (%) !Comment(s) |- |1 |Robert Newry |1,003,206 |13.85% |Robert is one of the co-founders of Arctic Shores. He is also the CEO of the company. Further information about Robert can be found in the 'team' section of the report. |- |2 |Safe Hammad |1,003,206 |13.85% |Safe is one of the co-founders of Arctic Shores. He is also an advisor of the company. Further information about Safe can be found in the 'team' section of the report. |- |3 |Candy Ventures Sarl |985,937 |13.61% | |- |4 |Calculus Nominees Ltd. |840,204 |11.60% | |- |5 |Proven Growth and Income VCT Plc. |713,809 |9.86% | |- |6 |Proven VCT Plc. |382,459 |5.28% | |- |7 |MNL Nominees Ltd. |350,000 |4.83% | |- |8 |Calculus VCT Plc. |270,908 |3.74% | |- |9 |Malcolm Jackson |180,026 |2.49% | |- |10 |NT Asset (Cayman) Limited |153,242 |2.12% | |- |11 |MNL (BBI) Nominees Limited |150,000 |2.07% | |- |12 |Needham Ventures Limited |102,358 |1.41% | |- |13 |Oliver Schrader |96,097 |1.33% | |- |14 |UK FF Nominees Ltd. |92,999 |1.28% | |- |15 |Lara Montefiori |80,624 |1.11% | |- |16 |Sherief Hammad |68,508 |0.95% | |- |17 |Giles Slinger |61,261 |0.85% | |- |18 |Lucy Slinger |61,261 |0.85% | |- |19 |Royston Jeans |54,333 |0.75% | |- |20 |Andrew Needham |38,543 |0.53% | |- |21 |M R Howe |38,183 |0.53% | |- |22 |Patricia Armstrong |36,077 |0.50% | |- |23 |Geoffrey Bailhache |36,069 |0.50% | |- |24 |Philip Green |34,592 |0.48% |Further information about Philip can be found by clicking here: https://www.linkedin.com/in/philip-green-35b38210/details/experience/ |- |25 |Nick Wentworth-Stanley |27,291 |0.38% | |- |26 |Half Brother Capital Ltd. |26,731 |0.37% | |- |27 |Penjuru Capital Pte Ltd. |26,731 |0.37% | |- |28 |Richard Wingfield |21,391 |0.30% | |- |29 |James Corcoran |20,691 |0.29% | |- |30 |Jonathan Davie |20,691 |0.29% | |- |31 |Maria Nirusha Balaratham Trust |20,691 |0.29% | |- |32 |R Ronaldshay (Earl of) |20,691 |0.29% |The title "Earl of Ronaldshay" is a courtesy title for the eldest son and heir of the Marquess of Zetland. The title has been held by different individuals across generations within the Dundas family, with notable holders serving in significant political roles, particularly in relation to British colonial administration in India during the early 20th century.<ref>https://en.wikipedia.org/wiki/Marquess_of_Zetland</ref> |- |33 |A Wentworth-Stanley |16,946 |0.23% | |- |34 |Martin Elphron and Eugenia Ephson |16,946 |0.23% | |- |35 |Tower Pension Trustees Ltd. |16,946 |0.23% | |- |36 |Guy Roxburghe |12,415 |0.17% | |- |37 |R Graham |12,415 |0.17% | |- |38 |Adam Hale |11,224 |0.15% | |- |39 |Harry Henderson |10,308 |0.14% | |- |40 |J Arkwright |10,308 |0.14% | |- |41 |James Dean |10,308 |0.14% | |- |42 |Guy Sangster |10,168 |0.14% | |- |43 |Kate Amin |10,168 |0.14% | |- |44 |R A Sangster |10,168 |0.14% | |- |45 |Christopher Milln |9,721 |0.13% | |- |46 |James Williams |8,473 |0.12% | |- |47 |Richard Benyon |8,473 |0.12% | |- |48 |Atomico Angel Program I, LLC. |7,866 |0.11% | |- |49 |Alastair Frater |7,860 |0.11% | |- |50 |Caroline Elliman |6,522 |0.09% | |- |51 |David Mills |6,413 |0.09% | |- |52 |John Woyton |4,810 |0.07% | |- |53 |Etedal Hammad |4,008 |0.06% | |- |54 |Eugenia Ephson |3,745 |0.05% | |- |55 |Joe Wilson |2,387 |0.03% | |- |56 |David Cuthbertson |2,048 |0.03% | |- |57 |Tara Franks |824 |0.01% | |- |58 |Joel Yusupoff |624 |0.01% | |- |59 |Mark Williamson |624 |0.01% | |- |60 |Tom Satterthwaite |425 |0.01% | |- |61 |Calum Murphy |249 |0.00% | |- |62 |Nisha Wasim |249 |0.00% | |- |63 |Nathan Braithwaite |100 |0.00% | |- | |'''Total''' |'''7,242,551''' |'''100.00%''' | |}
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