NETWISE HOSTING LIMITED

Business Services

Funds Requested

£100,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

2013-12-13

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

About the Business

Company Name: NETWISE HOSTING LIMITED Company Number: 07098838
Business Type: Business Services Years Trading: 4-5 years
Business Location: Sutton

About the Risk

Risk rating

A

Default rate

7.00%

Bad debt rate

9.69%

About the Security

Security Offered:

All Assets Debenture - Fixed and floating charge created over all assets of applicant company

Est. Equity: 0.00

Personal Guarantee - PG from Matthew Butt

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

** THE BORROWER HAS INDICATED THAT THEY ARE LOOKING FOR A MAXIMUM FINAL RATE OF 11.50% ** Netwise Hosting is a South London based Internet Service Provider, delivering hosted solutions to both businesses and individuals across the globe from our own private Data Centre in Surrey. As we post our results for our 4th year of trading alongside reaching our 80% capacity milestone, we are in need to expand our London footprint to satisfy both current and forthcoming clients. We are a 100% privately owned and funded business to date, with profitability posted for the last two financial years reaching £80K+ fled profit this last 10 months alone.

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Loan Offers

What is the loan for?

The finance we are applying for is to cover the purchase and installation of a wide range of technical infrastructure from generators to fire suppression systems. Most works are completed in-house, including the sourcing of all items from our global list of suppliers; notably a number of large organisations with high and frequent hardware turnover meaning we as an organisation can purchase very modern, albeit used, well looked after equipment for a fraction of the new cost. The above coupled with extensive in-house technical knowledge means we can fit-out data centres at a fraction of the usual budget. A full list of capital expenditure is available alongside project schedules, milestones and analytics. ** THE BORROWER HAS INDICATED THAT THEY ARE LOOKING FOR A MAXIMUM FINAL RATE OF 11.50% **

Why consider investing?

After months of searching, we are pleased to announce publicly we have secured premises for our next Data Centre facility in addition to proving our operational financial stability to both our business advisors & accountants. We have forecast steady growth for the next three years based upon pre-contracted revenue, but modelled both a static & negative rate of growth too - we are fully aware that not every month is a 'good month' and therefore these metrics need to be accounted for. Based on the above, we are cash flow positive, with a sizeable bank balance and a financial safety net in place for any unforeseen circumstances. We are now seeking investment to aid the Capital Expenditure required to fit-out our new premises in Central London.

DateAmountCapitalInterestReceived
16/01/2014£2,210.32£1,233.65£976.67
16/02/2014£2,210.32£1,245.70£964.62
16/03/2014£2,210.32£1,257.87£952.45
16/04/2014£2,210.32£1,270.15£940.17
16/05/2014£2,210.32£1,282.56£927.76
16/06/2014£2,210.32£1,295.09£915.23
16/07/2014£2,210.32£1,307.74£902.58
16/08/2014£2,210.32£1,320.51£889.81
16/09/2014£2,210.32£1,333.40£876.92
16/10/2014£2,210.32£1,346.43£863.89
16/11/2014£2,210.32£1,359.58£850.74
16/12/2014£2,210.32£1,372.86£837.46
16/01/2015£2,210.32£1,386.26£824.06
16/02/2015£2,210.32£1,399.80£810.52
16/03/2015£2,210.32£1,413.47£796.85
16/04/2015£2,210.32£1,427.28£783.04
16/05/2015£2,210.32£1,441.22£769.10
16/06/2015£2,210.32£1,455.30£755.02
16/07/2015£2,210.32£1,469.51£740.81
16/08/2015£2,210.32£1,483.86£726.46
16/09/2015£2,210.32£1,498.35£711.97
16/10/2015£2,210.32£1,512.99£697.33
16/11/2015£2,210.32£1,527.76£682.56
16/12/2015£2,210.32£1,542.69£667.63
16/01/2016£2,210.32£1,557.75£652.57
16/02/2016£2,210.32£1,572.97£637.35
16/03/2016£2,210.32£1,588.33£621.99
16/04/2016£2,210.32£1,603.84£606.48
16/05/2016£2,210.32£1,619.51£590.81
16/06/2016£2,210.32£1,635.32£575.00
16/07/2016£2,210.32£1,651.29£559.03
16/08/2016£2,210.32£1,667.42£542.90
16/09/2016£2,210.32£1,683.71£526.61
16/10/2016£2,210.32£1,700.15£510.17
16/11/2016£2,210.32£1,716.76£493.56
16/12/2016£2,210.32£1,733.52£476.80
16/01/2017£2,210.32£1,750.45£459.87
16/02/2017£2,210.32£1,767.55£442.77
16/03/2017£2,210.32£1,784.81£425.51
16/04/2017£2,210.32£1,802.24£408.08
16/05/2017£2,210.32£1,819.85£390.47
16/06/2017£2,210.32£1,837.62£372.70
16/07/2017£2,210.32£1,855.57£354.75
16/08/2017£2,210.32£1,873.69£336.63
16/09/2017£2,210.32£1,891.99£318.33
16/10/2017£2,210.32£1,910.47£299.85
16/11/2017£2,210.32£1,929.13£281.19
16/12/2017£2,210.32£1,947.97£262.35
16/01/2018£2,210.32£1,966.99£243.33
16/02/2018£2,210.32£1,986.21£224.11
16/03/2018£2,210.32£2,005.60£204.72
16/04/2018£2,210.32£2,025.19£185.13
16/05/2018£2,210.32£2,044.97£165.35
16/06/2018£2,210.32£2,064.94£145.38
16/07/2018£2,210.32£2,085.11£125.21
16/08/2018£2,210.32£2,105.48£104.84
16/09/2018£2,210.32£2,126.04£84.28
16/10/2018£2,210.32£2,146.80£63.52
16/11/2018£2,210.32£2,167.77£42.55
16/12/2018£2,210.32£2,188.94£21.38
Total:£99,999.98£32,619.22