H2O DRYWALL SYSTEMS LTD

Building Services

Funds Raised

£14,706.00

Final AER

17.00%

Loan term

7 MONTHS

Auction Closed

N/A

Recovery News
This loan may be behind with its repayment schedule and so microloan trading has been suspended while we work to help the business recover its repayment form. Please see the Loan Updates tab for recent updates.

About the Business

Company Name: H2O DRYWALL SYSTEMS LTD Company Number: 07477696
Business Type: Building Services Years Trading: 2-3 years
Business Location: MANCHESTER

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

1st Charge Residential Property

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

*Lenders should be aware that this loan has been refactored in September 2016 after the borrower fell behind on their repayments. Their previous loan profile page and repayment history can be found at https://www.rebuildingsociety.com/applications/application-136/. *

We are a very successful plastering contractor operating in the commercial sector.

We carry out work for some of the country's biggest blue chip companies. We are very well regarded within the industry and have an order book full until the end of 2015. We have just secured a contract commencing in December with a value of 750k for a high profile contract in the North West of England. I started the company myself as a sole trader in 2007 with a turnover of 60k and decided to take the company limited in 2010 and the estimated turnover for this year is 300k and next year over 1 million. I currently use the services of 25 subcontractors, this will double next year along with the addition of 2 apprentices. www.h2odrywallsystems.co.uk

Read more

Loan Offers

What is the loan for?

The loan is for the expansion of the business to accommodate the full order book.

Why consider investing?

*Lenders should be aware that this loan has been refactored in September 2016 after the borrower fell behind on their repayments. Their previous loan profile page and repayment history can be found at https://www.rebuildingsociety.com/applications/application-136/. *

The business is very well regarded and has no debts.It also has a full order book for two years making it a good sound investment.

DateAmountCapitalInterestReceived
28/09/2016£2,127.54£1,932.83£194.71
28/10/2016£2,127.54£1,959.63£167.91
28/11/2016£2,127.54£1,986.80£140.74 (15 days late)
28/12/2016£2,127.54£2,014.35£113.19 (37 days late)
28/01/2017£2,127.54£2,042.29£85.25 (6 days late)
28/02/2017£2,127.54£2,070.61£56.93 (58 days late)
28/03/2017£2,127.54£2,099.34£28.20874 days overdue
Total:£14,105.85£786.93