The real G&Tea: How early legal advice can help your business grow
Experience tells us that there are two things British public can’t live without – tea and alcohol. And for German entrepreneurs Vincent Efferoth and Lukas Passia, it was this observation that inspired them to create NOVELTEA, a unique range of alcoholic tea drinks.
Based in Newcastle, NOVELTEA has seen significant growth since its launch in 2016. And in December 2020, supported by the team at Muckle LLP, they secured their biggest investment to date - £1.4 million from the North East Venture Fund to expand the business.
NOVELTEA co-founder Vincent Efferoth said that experience has taught him not to underestimate how important securing legal advice at the beginning of your business’ journey: “Legal advice is critical for any growing business. My advice to any new start-up is to find the right partner that understands your objectives and can work towards them with you from the start. We’ve found this partner in Muckle and we’re delighted with the advice we’ve had from them over the last four years.
Muckle is a truly supportive legal partner that understands our vision, knows how to help us achieve our goals and their continued advice has played a crucial part in helping us continue to realise our growth plans.”
Muckle LLP advised NOVELTEA on several steps in their growth, having acted for the business since its early stages, including supporting the business through three rounds of crowdfunding and helping deliver an investment round from major German angel investors and an innovative Chinese distribution deal.
Amy Wanless, senior associate at Muckle LLP said: “NOVELTEA has such an interesting story with a uniquely brilliant product. The company has followed a creative investment path and growth strategy which is now paying dividends, endorsed by the confidence shown in the business by its investors.”
A package for growth
This is what we do at Muckle – help entrepreneurs build businesses by taking an entrepreneurial approach to our legal advice, working closely with them to create, grow and realise value in their companies.
But we know from experience the legal side of things can be daunting. That’s why we’ve created packages specifically for start-ups and growing businesses.
We offer a year’s worth of legal support for one simple, fixed price. No hidden charges. No nasty surprises. Just peace of mind, knowing your company’s day to day legal costs are covered. This includes:
- New employee contracts, policies and procedures.
- Terms and conditions for your new products and services.
- Intellectual property – protecting your growing brand and reputation.
- Advice on the latest data protection laws or help selecting the right website policies.
- Landlord, tenant and lease-to-buy advice on your premises.
We also offer a host of free extras, including checks on your website and meeting with you to discuss your terms of business, as well as access to free compliance management and unlimited debt recovery letters.
To find out how we can help your business grow, please contact Jenny Wade on 0191 211 7976 or email firstname.lastname@example.org