Investment in Fresho

Fresho, a company in which Primorus holds an investment of £175,000, representing approximately 3.5% of Fresho’s share capital, is positioning itself as a leading Australian B2B company servicing the restaurant and food service industries. By aggregating and streamlining the food order process via Fresho’s unique cloud-based platform, both customers and suppliers are able to make savings in time, money and wastage and also generate powerful reporting and business data analytics. To date Fresho’s customer base has been located in Melbourne with many of Australia’s most iconic restaurants and suppliers using the product, however they are now expanding into a number of Australia’s other cities and New Zealand. Whilst unchanged at investment value for now, we expect to review the value of this investment in the event of the successful completion of a proposed capital raise early in 2018 at a price above our investment price.