Equitable Law Assists 'The Crystal Maze' With EIS Fund Investment

Equitable Law is pleased to announce our legal advice and assistance with a recent Three Million British Pounds Plus (GBP £3,150,000) investment (by investors managed by Edition Capital) by way of new equity subscription - into this Solicitors practice's client, Little Lion Entertainment Limited ('Little Lion').

The investment places a substantial Eight Figure British Pound (GBP £xx,000,000) valuation upon Little Lion, a company only incorporated in December 2014, with a share capital of GBP £1,000 (and whom Equitable Law has acted for since our introduction in early 2015).

Little Lion is the company behind the highly successful 'Crystal Maze Live', the sell-out live version of the popular 1990’s British TV show.

The current London venue opened in 2016 (after a highly successful initial crowdfunding process), with teams of up to eight navigating the various zones and challenges featured in the programme before reaching the iconic crystal dome.

The launch of the experience was met with critical acclaim, and has consistently positive reviews in the press, resulting in an expansion of the brand to include a central Manchester location (upon the 'Granada TV' site).

The two venues are currently generating annualised GBP £2.2m EBITDA on GBP £8m of revenue.

The investment will be used to relaunch the company’s new London venue in a flagship Central London location - scheduled to open by January 2019, as the current London site closes.

The new venue will be designed to double the capacity from 256 to 512 people per day, with the corporate booking and sponsorship opportunities being further developed.

The team forecast annual EBITDA of £4.7m across the new London and existing Manchester venues, once London is fully operational.

Following the success of Crystal Maze Live, the show returned to TV on Channel 4 introducing a new generation of fans to the concept to further strengthen the brand appeal.

The Directors of Little Lion commented;

"We are delighted to take this opportunity to thank Mr. Dan Johnson of Equitable Law for his support of our business over recent years - as our 'General Counsel', and in particular, his sterling work during this stage of our business' development.  We look forward to working further with Dan - As our business grows and develops."

For more information, please see:-

http://ramcapital.co.uk/wp-content/uploads/2017/11/First-Edition-EIS-Spring-18-Investment-Summary.pdf

“Crystal Maze London: This exhilarating ride is worth every penny” London Evening Standard