Founded in 2016, Bagboard is a purpose-led tech company on a mission to drive conscious consumerism on a global scale.
Based in London, Bagboard partners with brands who are kind to people and the planet. They feature their campaigns on smart, eco-friendly paper bags, replacing single-use plastic bags in thousands of local stores across London. Through their conscious shopping app, they empower consumers to reuse their smart bags, promoting those brands as they travel around the city. As a reward, people earn conscious coins, a new digital currency, and are incentivised to spend on the sustainable brands featured on the bags.
The company is funded by Sky Ocean Ventures and Innovate UK, and has received widespread press coverage from Forbes, Sky News, The Evening Standard and National Geographic.
The team at Magee Gammon worked closely with Chand Patel, CFO at Bagboard, to support and assist with R&D applications, cash flow planning, grants, tax planning, financial oversight, year-end compliance and fundraising intros.
The Client said:
“We switched to Magee Gammon two years ago and have not looked back. Their experience and pro-activity enabled us to swiftly and painlessly submit our last two R&D applications to HMRC. We have been delighted with the results obtained and would highly recommend Magee Gammon for their expert knowledge of innovative and sustainable R&D projects.
He also said “Having a support team of professionals like Magee Gammon has ensured we are guided through the minefield of compliance and legislation that start-ups often overlook or are unaware exist. Involving Magee Gammon from the outset has definitely paid dividends”.
Working with Andy: “I’ve really enjoyed working with Andy the past 3 years. He has always shown a genuine interest in our business, often sending me ideas and suggestions. He is great listener and a reliable source of advice. Traditionally our meetings were face-to-face, or maybe over a pint, while watching some sport. But these days, Andy’s support at the end of my landline has been invaluable during the chaotic period of lockdown. Andy has expertise and experience in a wide range of financial topics – payroll, R&D tax credits, grants, VAT, management accounts, EIS, and audit”.
Chand Patel. CFO