GRA PROJECT MANAGEMENT LTD

Construction

Funds Requested

£100,000.00

Offered so far

£0.00

Loan term

24 MONTHS

Auction Closed

2013-10-21

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This loan is now passed its deadline, lender funds will soon be released.

About the Business

Company Name: GRA PROJECT MANAGEMENT LTD Company Number: 07719227
Business Type: Construction Years Trading: 2-3 years
Business Location: NORFOLK

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

All Assets Debenture

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Please note trading of existing GRA Project Management Ltd loans is suspended while this auction takes place. We are a Norfolk based company, who specialises in groundworks and civil engineering. We have an annual turnover so far this year moving towards 2 million and we are capable of carrying out groundwork contracts ranging from 35k to over 2.5m on a plant and labour basis, or we are also an approved contractor for AWA and the Highways Authority. All our staff are experienced and trained and hold relevant tickets for their field. Our work is of the highest standard & specification. Our company holds all relevant insurance including £10 million Public Liability. We have worked for Birse Civils, Balfour Beatty, May Gurney and R G Carter etc. in the last year or so, with clients including Tesco, Highways Authority and Anglian water.

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Loan Offers

What is the loan for?

To provide cash flow during start up costs for another new TESCO store in Norfolk, and a new major civil`s package for a Balfour Beatty Major Projects in Norwich, for whom i am currently working for on the A11 project.

Why consider investing?

We have a proven track record, with experienced senior staff and workers, and pride ourselves on being the successful bidder on the prestigious A11 for Balfour Beatty, a contract worth 1.5m on a plant and labour basis. This contract is half way through and going strong. We are also the preferred bidder on the new Norwich Distributor Route, (NDR) around Norwich also for Balfour Beatty, with this amount of work with main contractors for which I have a proven track record, this can only be a recipe for success. We have a loan funded on here previously and plan to use circa £25k to repay my previous loan early and use the remaining £75k for the future funding required. rebuildingsociety.com holds a debenture over the company that will be renewed through this deal.

DateAmountCapitalInterestReceived
23/11/2013£4,925.51£3,541.34£1,384.17
23/12/2013£4,925.51£3,590.36£1,335.15
23/01/2014£4,925.51£3,640.06£1,285.45
23/02/2014£4,925.51£3,690.44£1,235.07
23/03/2014£4,925.51£3,741.52£1,183.99
23/04/2014£4,925.51£3,793.31£1,132.20
23/05/2014£4,925.51£3,845.82£1,079.69
23/06/2014£4,925.51£3,899.05£1,026.46
23/07/2014£3,953.02£3,953.02£972.88
23/08/2014£4,007.73£4,007.73£0.00
23/09/2014£4,063.21£4,063.21£0.00
23/10/2014£4,119.45£4,119.45£0.00
23/11/2014£4,176.47£4,176.47£0.00
23/12/2014£4,234.28£4,234.28£0.00
23/01/2015£4,292.89£4,292.89£0.00
23/02/2015£4,352.31£4,352.31£0.00
23/03/2015£4,412.55£4,412.55£0.00
23/04/2015£4,473.63£4,473.63£0.00
23/05/2015£4,535.55£4,535.55£0.00
23/06/2015£4,598.33£4,598.33£0.00
23/07/2015£4,661.98£4,661.98£0.00
23/08/2015£4,726.51£4,726.51£0.00
23/09/2015£4,791.93£4,791.93£0.00
23/10/2015£4,858.26£4,858.26£0.00
Total:£100,000.01£10,635.06