Seed Enterprise Investment Scheme (SEIS) Service

World class accounting from award winning chartered accountants you can trust

We Have Open Minds

What Is The Seed Enterprise Investment Scheme (SEIS)?

The SEIS (Seed Enterprise Investment Scheme) was formed by HMRC in early 2012 with the aim of helping smaller, start-up businesses to raise finances via investors. This is done by putting tax relief on investors, which aids the development of companies which qualify. This scheme enables companies to claim relief of up to £100,000 invested per year. This means they could collect relief totalling 78% or more of their investment. Companies that qualify for SEIS can be invested in either indirectly (via a SEIS fund), or directly. The Seed Enterprise Investment Scheme offers a range of different tax reliefs for potential investors. These range from loss relief, to avoidance of Capital Gains and automatic reductions.

Why Use Nordens For (SEIS) Seed Enterprise Investment Scheme?

The Seed Enterprise Investment Scheme provides investors with loss relief should the business fail (regardless of whether this falls within the hold period of 3 years), as well as capital gains exemption on earnings through shares, relief of 50% of the total investment (via individual income tax), and exemption from capital gains on profits created within 3 years (having been reinvested into the SEIS). The regulations regarding the kind of business that can qualify for SEIS investment can be complex, with many very particular conditions – but we wouldn’t expect you to know all of this. That’s our job!

Nordens can help you navigate the often confusing world of the SEIS, helping you approach business confidently and with a little bit more know-how under your belt. Whether you’re confused about tax brackets or applicable tax reliefs, Nordens come to the table with a wealth of financial and business insight geared at helping you save those pennies, speed through the SEIS process with accuracy and succeed where it matters most. Why not ask us about the ‘advance assurance’ application process to see if your business is eligible for SEIS today?

Our Expert SEIS Service

Nordens premium service is designed to support you in your Seed Enterprise Investment Scheme (SEIS) calculations and formulations.
Our highly qualified ACCA accounting team can handle even the most complex SEIS situations.

SEIS Registration

SEIS Calculation

SEIS Submission

Expert ACCA Accounting Advisors

Dedicated Account Manager

Frequently Asked Questions

Here at Nordens, we know that understand the ins and outs of SEIS can be bewildering. We receive questions almost everyday from business owners unsure of the very same things. That’s why we wanted to shed a little more light on the matter:

The following rules need to be adhered to (for 3 years or more), otherwise, any tax reliefs may be removed:

The company must be committed to a new qualifying trade

It must have been formed within the UK

It is – at the time of issuance – an unquoted company and isn’t planning on becoming one

It has gross assets which total less than £200,000

It is not controlling any other business, other than qualifying subsidiaries

It isn’t a member of a partnership, or is a qualified subsidiary

It is not under the control of any other company or companies

It has – at the time of the issuance – under 25 employees working full-time

It has not in the past, nor is currently receiving any investment by either a Venture Capital Trust or the Enterprise Investment Scheme

It must spend the finances raised from the investment on the eligible company activity within 3 years of the issuance of the shares

Before the issuing, must make sure that any investment is the first subject to the EIS or VCT scheme

Those investing mustn’t hold – either directly or indirectly – over 30% of the business’s regular share capital, (as well as its issued share capital) or voting rights. Any investors who are also employees of the company will not be able to benefit, either. However, new or current directors can qualify for this. Regardless of whether the business meets each of the required criteria, it won’t have eligibility if the investment is not for realistic, commercial purposes, and is for tax avoidance purposes.

The kind of shares that are eligible for SEIS relief must be new shares without special rights assigned to them. They have to be subscribed only in cash (meaning that the consideration must not be through other assets), and this cash needs to be paid fully before the issuance of the shares.

The aim of the shares being issued, is primarily for the raising of money for a qualifying company. The finances that are raised have to be used in a qualifying trade, and continued on by the parent company (or 90% subsidiary), within 3 years.

Shares that were issued either on or after 15th March 2018, must meet the condition known as ‘risk to capital’, so the SEIS relief can be made available. This condition is a way of excluding investments which are created to maintain capital for investors.

If this condition is adhered to – keeping in mind all the other circumstances – it would be a fair conclusion that the issuing company has targets to expand and innovate its trade over a longer scale of time. For the investor, therefore, it could become a risk that they would lose a larger amount of capital when comparing it with their Net Investment Return.

The Compliance Statement form is used by the business undergoing investment to verify that specific conditions within the scheme are upheld. The Compliance Statement form can’t be submitted until:

More than 70% of the money raised by the issued share is used solely for reasons relating to the activities of the qualifying company

The new qualifying business (which consists of the qualifying trade activity, or by which the specific activity relates to) has been undertaken for over 4 months by either the business issuing the shares or a subsidiary of that company, holding a qualifying 90%

If the decision is made not to commence with the investment, or, that it may not be meeting the required SEIS conditions, then you are able to review and possibly appeal against this decision

A covering letter

The SEIS advance assurance form (if this has been applied for)

A business plan

A note of any minimal aids you may have received

Your tax reference number

A shareholders agreement

The company accounts

The amount which is looking to be raised

Articles of Association

An outline of the purpose of these finances

Beyond Accountancy

At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.

Nordens Strategic

Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.

Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.

Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.

Accounting 2 You

Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.

Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.

With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.

Voted as EXCELLENT - 9.9 out of 10 based on 167 reviews

Chris Dyer

Director - Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

Read more reviews on Trust Pilot

Jamie Brown

Co-Founder - Chicmi Limited

Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.

Read more reviews on Trust Pilot

Simon Rose

Director - Rose Opticians

I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation

Read more reviews on Trust Pilot

Rebecca Bossick

Founder & Director - Physio LDN

Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.

Read more reviews on Trust Pilot

James Aconley

Principal - Pauline Quirke Academy

Great accountants, always available to offer advice. The team have transformed my business.

Read more reviews on Trust Pilot

Christopher Wilce

Founder - Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.

Read more reviews on Trust Pilot

Dave Hodges

Director - Linekers

Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!

Read more reviews on Trust Pilot

Tony Charles

Founder - Foundation Sports Limited

A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.

Read more reviews on Trust Pilot

Peter Horlock

Managing Director - Prime Time Boilers

I have been with Nordens for many years now and they are a great accountants.

Read more reviews on Trust Pilot

Simon Cushing

Founder - Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

Read more reviews on Trust Pilot

Andrew Martin

Managing Director - AMD Interior Architecture

Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.

Read more reviews on Trust Pilot

James Robinson

Director - Forma London

Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!

Read more reviews on Trust Pilot

Latest News

We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.

Thinking Of Going On…
As UK travel slowly gets back to its feet and recovers from the crushing impact that the pandemic has caused on the industry, many of us are unsure of the particular tests, verifications and documents that are needed upon leavi...
Getting Your Inheritance Tax…
Getting your inheritance tax planning and will sorted can be a bit of a touchy, morbid subject for many but if there’s one thing the pandemic has taught us it is not to rest on your laurels. By securing your estate and assets, ...
Nordens TV

We love making videos that break down convoluted accountancy jargon into plain-talking, actionable and accessible facts.

Nordens Christmas Message 2021
On behalf of everyone here at Nordens, we want to you all a merry Christmas whilst looking back at some of the amazing achievements of the past year. From recruiting new staff, growing our client base, rubberstamping our client...
Live Webinar – Autumn…
The Chancellor of the Exchequer, Rishi Sunak, carried out his briefcase and laid out his Autumn Budget plans on Wednesday 27th October 2021. The Autumn Budget doesn’t usually attract massive attention, however, due to the econo...
  Why I Founded Nordens
Accounting 2 You

In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.

Mark Norden Signature

Mark Norden

We're Professionally Certified

Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!