Every number on this page is fixed before you sign. Your equity, your invoice split, your vesting schedule — all defined upfront.
More capital means a more capable team for longer. B+D equity increases with tier — but your floor rises too.
Leverage = total team value deployed ÷ your capital. All at £35/hr blended rate across dev, design, product and QA.
£50k: 430 hrs × 5 mo × £35/hr = £75k team value. You pay £50k (67%). Leverage 1.5×. |
£75k: 430 hrs × 7 mo × £35/hr = £105k. You pay £75k (71%). Leverage 1.4×. |
£120k: 500 hrs × 9 mo × £35/hr = £158k. You pay £120k (76%). Leverage 1.3×. |
£175k: 500 hrs × 12 mo × £35/hr = £210k. You pay £175k (83%). Leverage 1.2×. |
£250k: 490 hrs × 16 mo × £35/hr = £274k. You pay £250k (91%). Leverage 1.1×.
The more you invest, the less leverage — and the more equity you keep. B+D's co-investment shrinks proportionally at higher tiers, which is why your equity floor rises.
Every month B+D invoices your company for team hours. At the £50k entry tier, you pay 67% of each invoice in cash; B+D waives the remaining 33% — that uncollected amount is recorded as their equity stake, not wired as cash into your company. At higher tiers you fund more of the invoice — B+D's waived share shrinks and so does their equity stake. Three worked examples below.
You're never locked in. Every phase-end is a clean decision point.
Buildnetic and Digiconnekt deploy the agreed hours each month. At the £50k entry tier you pay 67% of each invoice in cash; B+D waives the remaining 33% — that uncollected portion is recorded as their equity stake. No cash from B+D enters your company. At higher tiers you pay proportionally more — see the leverage table. Month 1 is probationary — exit before it completes and zero equity vests. Complete Month 1 and 5% vests immediately. From Month 2 onwards, 5% vests at the end of each completed month.
400 hours over 2 months (200/month) of continued delivery after Phase 1 completes. How it works depends on where your capital sits at that point:
Capital remaining — B+D bills for these hours at the same rate and invoice structure. No new equity ceiling; same split as Phase 1.
Capital fully deployed — B+D continues as co-founders. No additional cash required, no new equity. We're invested in the same outcome and treat this as our follow-on — except instead of cash, we invest time.
Available on the £50k and £75k tiers. Higher tiers have longer Phase 1 sprints that cover this scope within the main sprint.
Both sides review. Exit cleanly — you own all code, all IP, cap table is final. Or by mutual agreement, extend for up to 3 more months across all tiers. Same invoice structure, no new equity ceiling. "Mutual agreement" means both you and B+D must opt in — neither party can be compelled to extend.
B+D equity vests in equal monthly tranches — not upfront. Stop at any point and we keep only what's vested.
At the £50k entry tier: 25% total equity vests over 5 months — 5% per month, including Month 1. Month 1 is probationary: if either side exits before Month 1 completes, zero equity vests. Once Month 1 completes, 5% is locked in. If the sprint stops after Month 3 (all 3 months complete), B+D keeps 3 × 5% = 15%. The remaining 10% lapses entirely.
These aren't negotiable — they're in the structure by default.
Incorporated into a UK Ltd you control. You are the sole signatory. Nothing moves without your approval.
B+D cannot draw down capital without a signed invoice you've reviewed. Full audit trail, every month.
All IP, repositories, and assets are assigned to your UK Ltd via the shareholder agreement's IP assignment clause — effective from day one of the sprint. This means even if the sprint ends during Month 1, all code and work product created belongs to your company. No licensing. No retention.
B+D holds equity but has no governance rights. You run the company. We advise, build, and grow — not govern. As a minority shareholder, B+D receives agreed management updates (quarterly by default) — standard practice for any equity holder, and defined in the SHA.
Once the sprint ends, you are completely free to work with any third-party provider. No lock-in, no handcuffs.
Up to 2% of B+D's bloc can go to an advisor — agreed in writing by both sides. Your stake never moves.
The Seed Enterprise Investment Scheme gives qualified UK investors 50% income tax relief — immediately. Add loss relief if the venture doesn't work out, and your maximum exposure on a £50k investment drops to £15,000. For that, you get a full named tech and growth team, and a live UK company. Conditions apply — AGS Accountancy can confirm your eligibility →
You should have the SHA reviewed by your own solicitor before signing — we'll provide it in advance of any deadline. Here's the plain-English summary of the key terms.
B+D dilutes pro-rata on any new funding round — same as all other shareholders. They hold no anti-dilution rights and no pre-emption right to block a round. Your ability to raise is unrestricted.
B+D is a "good leaver" if the sprint completes naturally or by mutual exit. Unvested equity lapses entirely. There are no penalties, claw-backs, or cash obligations on B+D's departure beyond the vesting schedule.
Standard tag-along rights protect B+D's minority. If you sell 100% of the company, B+D can sell their stake on the same terms. Drag-along allows the majority (you) to compel B+D to sell in a full acquisition.
English law governs. Disputes go to mediation first, then arbitration if unresolved. Neither party has a unilateral right to dissolve the company. The SHA is drafted by UK commercial solicitors.
Yes — you can hire additional resource at any time. B+D is your co-founder team, not an exclusive supplier. No approval needed. You run the company.
Non-UK founders can participate and incorporate a UK Ltd. However, SEIS requires a UK income tax liability — non-UK-resident investors will not qualify for SEIS tax relief. Verify with AGS Accountancy before committing if you're outside the UK.
Plain answers. No sales language. If your question isn't here, ask it on the intro call — we'll answer it directly.
AGS Accountancy confirms your eligibility before you commit a penny. But here's what the rules actually say — in plain English.
Applications reviewed within 5 business days. We'll tell you honestly if it's not a fit.