EIS products are sound despite risky providers

Oxford Capital is defending EIS products, claiming the format can present a sound opportunity despit...

Oxford Capital is defending EIS products, claiming the format can present a sound opportunity despite there being some risky providers. Its first scheme has delivered 20% per annum annualised within a prudent risk framework, as well as offering enticing tax breaks. Accountant UHY Hacker Young slammed the schemes in May, citing a HM Revenue & Customs report that claimed 22% of EIS investors surveyed had lost all or most of their money and only 18% had made a profit. But Oxford Capital claims the format can reward in a risk-managed way. Private client services manager Richard Hoskins ...