To elaborate on the business model, Kraken Welding is a long-time-coming solo trading business based in the picturesque tourist village of Bala, North Wales. A long awaited service for locals to utilize without excessive travel or overcharging for basic repairs. Matt has been doing this very job for twenty years with his Father who owns his own business, Halco Leisure who specialize in Horse box building and repairs. With the business based near Chester, Matt longed to set up near his home in North Wales.
The main reason for Crowdfunding follows a life event which adversely affected Matt and his family back in February 2021. Matt sold his house after 20 years in Bala and invested in Bitcoin only to fall victim to a large scale scam loosing the family the eight Bitcoins purchased in December 2020 to the value of £250,000. The money was to invest in a new house for the growing family of four children and a dog and for developing a new business.
Six months later, Matt is starting a new business from the ground up. He is in need of support to get his operation swiftly underway. Matt also wishes to provide training for local youths giving them with skills to further their future employment opportunities.