2. Strong buyer and seller demand
Platform solves multiple buyer and seller issues
“buyfair is totally unique. It creates a level
playing field for all retailers and fair pricing. Never
before have independent retailers such as
ourselves received offers from brands for such
great stock at such great prices.”
Nia Evans: Managing Director - BODLON
BUYER
“Innermost has been waiting for a platform like
this; buyfair will disrupt how purchasing is
done in future.”
Russell Cameron: Founder - INNERMOST
SELLER
“Last week we were attempting to source 12k
glasses for one our hotels… a time consuming
and manual process of calling numerous
suppliers. All we wanted was a quality product
from a quality brand.”
Henry Doherty: Procurement Director -
HARCOURT
BUYER
“buyfair’s platform solves very real, pressing,
and growing problems both for my business and
other sellers, as well as undoubtedly the buyer
community.”
Roger Morgan-Grenville: Managing Director -
DEXAM International; Chairman - BHETA
SELLER
3. Market
A perfect storm facing the traditional retail market value chain
Traditional Retailer pressure
• Online retailers challenging
physical stores
• Reduced footfall
• Changing consumer habits
• Competitive pricing /
discounting
• Struggle to match product diversity
• Higher op costs, reducing margins
Short term behaviours
• Asian manufacturing driving:
• Longer lead times
• Higher min. order quantities
• Retailers shifting from binding POs
to stock forecasts, resulting in:
• Overstock risk passed to sellers
• Increased discounting
• Longer payment cycles
• Cut price retailers & middlemen
The Result
• £5bn Overstock in the UK alone
• Working capital issues
• Significant warehousing &
transport costs
• Margins no longer supporting
traditional marketing routes
5. buyfair Solution
The go-to overstock platform
BUYERS
• Improved pricing
• Access to vetted
suppliers
• Huge increase in access
to global branded
products
SELLERS
• Increased return on excess
stock
• Expand customer base
• Reduce operational costs
(e.g. warehousing)
• Improved payment terms
6. Unique auction platform
Significant value in the patented IP
Designed by
industry
experts
Specialist
tech team
with auction
experience
Complex
auction
algorithms
engine
‘B2C’ style
user
experience
Fully
integrated
platform –
from admin to
auction to
payment
Scalable, with
low
operational
costs
Highly
valuable IP
with
international
patents filed
7. buyfair Functionality
Bringing the best of B2C retail experience to the B2B marketplace
User control
and
management of
premium
brands
Vetted and
premium buyers
and sellers
First multi-lot
real-time online
auction
End-to-end
automated
transactional
marketplace
Equilibrium and
fair prices,
levelling the
buyer and seller
marketplace
User ratings and
recommendation
Algorithm-led
engine to
maximise
auction value
8. • 15 years’ wholesale & retail
manufacturing experience
• Founder & CEO of MAKE
International, leading UK homeware
manufacturer
• Hands-on experience of stock and
overstock management, and issues
faced by buyers and sellers
• Direct access to global buyer and
seller network, to rapidly on-board
users pre-launch
Dominic Speelman
CEO
• 20 years’ internet marketing and
media experience across media
agencies, global advertisers
• UK & international sales leadership
• Retail category experience, incl.
developing new revenue streams
• Strong trading and transactional
online marketplace experience
• Responsible for new revenue
streams, partnerships, customer
service, and staffing
Damon Westbury
Commercial & Operations
Identified and analysed the market failure, developed a tailored solution, engaged buyers/sellers who want to join now
Management Team
Highly motivated and complementary management team
9. • 20 years’ website and software
development experience, including
complex auction platforms
• Founder of two digital agencies
• Consultant to multiple SMEs and
digital start-ups
• Responsible for development of the
auction engine, website and front
and back end applications
Oliver Pluckrose
CTO
• An IP barrister and a member of
Hogarth Chambers
• Also advises companies on legal
and IP strategies to maximise
investor returns
• Identified and developed the buyfair
patent application
• Responsible for all legal and
intellectual property matters
Guy Tritton
Legal & IP Counsel
Management Team
Highly motivated and complementary management team
10. Strong buyer and seller demand
Platform solves multiple buyer and seller issues
“Finally a site which allows us to compete
alongside the multiple retailers. Fantastic!”
Lorna Oliver: Owner - LOVELY AND BRITISH
BUYER
“In order to innovate and bring out new ranges
quickly, its key to be able to manage your
inventory efficiently and effectively. buyfair
allows a larger retailer audience to tap in stock
requirements instantly. It’s a win-win situation
for both business.”
Jonathan Jones: Director - JERSEY POTTERY
SELLER
“It is a brilliant concept! I don't know why it this
hasn't happened sooner?!”
Bob England: Owner - ENGLAND AT HOME
BUYER
“We have overstock of 70,000 units of one SKU
alone. This would be a great new sales channel
for our business.”
Steve McGuire: Sales Director - Tom Dixon
SELLER