LTT SME LTD

Technology

Funds Requested

£30,000.00

Offered so far

£0.00

Loan term

36 MONTHS

Auction Closed

2013-09-25

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

About the Business

Company Name: LTT SME LTD Company Number: 06937713
Business Type: Technology Years Trading: 4-5 years
Business Location: LONDON

About the Risk

Risk rating

B

Default rate

6.90%

Bad debt rate

5.67%

About the Security

Security Offered:

All Assets Debenture

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Our company provides bespoke datacentre and cloud services to SMEs across Europe. We generally provide a full turnkey service to our customers taking their concepts and turning them into reality irrespective whether solution requires programming, engineering or datacentre services. We focus on specific niches where we can draw on our twenty years of real world experience for the benefit of our customer

Read more

Loan Offers

What is the loan for?

Many of our customers are asking us to provide a second datacentre location for disaster recovery. We have located a suitable location and now need to ensure we have the working capital to bring the site online. We already have the required equipment which has been cash purchased to avoid any leasing costs.

Why consider investing?

Our business has been built without loans or debts - we expanded organically and through self funding. This means we are not already saddled with debts, monthly loan repayments or similar. All of our primary customers are long term customers - many 10+ years and have signed another five year contract in order for us to make this expansion for an additional datacentre location. Whilst our management accounts from July to present are not yet available, our turnover since June is showing further growth on last year.

DateAmountCapitalInterestReceived
14/10/2013£1,006.92£688.67£318.25
14/11/2013£1,006.92£695.98£310.94
14/12/2013£656.23£703.36£0.00
14/01/2014£665.93£710.82£0.00
14/02/2014£675.77£718.36£0.00
14/03/2014£685.75£725.98£0.00
14/04/2014£695.88£733.68£0.00
14/05/2014£706.17£741.47£0.00
14/06/2014£716.60£749.33£0.00
14/07/2014£727.19£757.28£0.00
14/08/2014£737.93£765.32£0.00
14/09/2014£748.83£773.43£0.00
14/10/2014£759.90£781.64£0.00
14/11/2014£771.13£789.93£0.00
14/12/2014£782.52£798.31£0.00
14/01/2015£794.08£806.78£0.00
14/02/2015£805.81£815.34£0.00
14/03/2015£817.72£823.99£0.00
14/04/2015£829.80£832.73£0.00
14/05/2015£842.06£841.56£0.00
14/06/2015£854.50£850.49£0.00
14/07/2015£867.13£859.51£0.00
14/08/2015£879.94£868.63£0.00
14/09/2015£892.94£877.85£0.00
14/10/2015£906.13£887.16£0.00
14/11/2015£919.52£896.57£0.00
14/12/2015£933.11£906.08£0.00
14/01/2016£946.90£915.69£0.00
14/02/2016£960.89£925.41£0.00
14/03/2016£975.08£935.22£0.00
14/04/2016£989.49£945.14£0.00
14/05/2016£1,004.11£955.17£0.00
14/06/2016£1,018.95£965.30£0.00
14/07/2016£1,034.00£975.54£0.00
14/08/2016£1,049.28£985.89£0.00
14/09/2016£1,064.78£996.35£0.00
Total:£30,000.00£629.19