House of Hackney has launched a debt crowdfunding campaign with B-Corp bank, Triodos, and is issuing a bond with the aim of buying out its private equity partners to accelerate its mission “to leave our planet better than we found it”.
Interiors company, House of Hackney, is on a mission to lead change in the small and medium-sized business community. Its ambition is to put people, planet and profit on equal footing.
In 2017, to support the growth of the company, the founders sold shares to Rockpool – a UK-based private equity business – but House of Hackney has recently agreed to repurchase those shares held by Rockpool for £3m.
To do so, House of Hackney has issued five-year 8.25% bonds with a target of raising £2m. House of Hackney bonds are eligible to be held in a Triodos Innovative Finance ISA. The bonds will enable the business to fund the first tranche of the share buyback, returning it to full founder ownership. This will allow the company to accelerate its regenerative mission.
House of Hackney is a pioneering B Corp founded in 2011 with a vision to bring the beauty of nature into our homes. It offers an interiors range supporting British craftsmanship and design. As a profitable, £10m turnover business, it has grown income year-on-year in the last five years.