La Drape International Limited

Automotive

Funds Requested

£54,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

2014-02-13

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About the Business

Company Name: La Drape International Limited Company Number: 07073059
Business Type: Automotive Years Trading: 2-3 years
Business Location: PRESTON BROOK

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

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 [name of director(s)]

Est. Equity: 0.00

Personal Guarantee - PG from [name of director(s)]

Est. Equity: 0.00

2nd Charge on Residential Property - Second priority legal charge over personally-owned residential property

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

La Drape International Ltd continues to innovate quilted bedspread design and manufacture, leading the field for almost 20 years, supplying major hotel groups, cruise ships and interior designers internationally.Our directors hail from Interior Design backgrounds and we believe this helps us fully understand our customers requirements and allows us to exceed their expectations. We recognise that Designers and Project Managers often like to source their own fabrics in order to create a specific vibe for a project. We provide an efficient and professional service to help them realise their vision and we have an extensive network of contacts that we can call upon to source fabrics for customers should the need arise. ** Please note the customer has Trade Creditors - £3800 30/45 days and an Overdraft - Balance £5997 Limit £15,000 Max Usage £10,000 Renews Aug 2014**

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Loan Offers

What is the loan for?

The loan will be used to increase turnover for the business. We are looking to upgrade our equipment and machinery in order to fulfill one of our existing customers which has a value of £200,000.00. The manufacturing line is due to start in April 2014.

Why consider investing?

We have a very positive order book for 2014. We are also offering two equitable charges on a million pound commercial property which is currently at 50% loan to value as well as our personal property . We're also prepared to give a Personal guarantee showing a net worth of £350,000.00.

DateAmountCapitalInterestReceived
17/03/2014£1,415.39£538.34£877.05
17/04/2014£1,415.39£547.08£868.31
17/05/2014£1,415.39£555.97£859.42
17/06/2014£1,415.39£565.00£850.39
17/07/2014£1,415.39£574.17£841.22
17/08/2014£1,415.39£583.50£831.89
17/09/2014£1,415.39£592.98£822.41
17/10/2014£1,415.39£602.61£812.78
17/11/2014£1,415.39£612.40£802.99
17/12/2014£1,415.39£622.34£793.05
17/01/2015£1,415.39£632.45£782.94
17/02/2015£1,415.39£642.72£772.67 (6 days late)
17/03/2015£1,415.39£653.16£762.23
17/04/2015£1,415.39£663.77£751.62
17/05/2015£1,415.39£674.55£740.84
17/06/2015£685.51£685.51£729.97
17/07/2015£696.64£696.64£0.00
17/08/2015£707.95£707.95£0.00
17/09/2015£719.45£719.45£0.00
17/10/2015£731.14£731.14£0.00
17/11/2015£743.01£743.01£0.00
17/12/2015£755.08£755.08£0.00
17/01/2016£767.34£767.34£0.00
17/02/2016£779.81£779.81£0.00
17/03/2016£792.47£792.47£0.00
17/04/2016£805.34£805.34£0.00
17/05/2016£818.42£818.42£0.00
17/06/2016£831.72£831.72£0.00
17/07/2016£845.22£845.22£0.00
17/08/2016£858.95£858.95£0.00
17/09/2016£872.90£872.90£0.00
17/10/2016£887.08£887.08£0.00
17/11/2016£901.49£901.49£0.00
17/12/2016£916.13£916.13£0.00
17/01/2017£931.01£931.01£0.00
17/02/2017£946.13£946.13£0.00
17/03/2017£961.50£961.50£0.00
17/04/2017£977.11£977.11£0.00
17/05/2017£992.98£992.98£0.00
17/06/2017£1,009.11£1,009.11£0.00
17/07/2017£1,025.50£1,025.50£0.00
17/08/2017£1,042.16£1,042.16£0.00
17/09/2017£1,059.08£1,059.08£0.00
17/10/2017£1,076.28£1,076.28£0.00
17/11/2017£1,093.76£1,093.76£0.00
17/12/2017£1,111.53£1,111.53£0.00
17/01/2018£1,129.58£1,129.58£0.00
17/02/2018£1,147.93£1,147.93£0.00
17/03/2018£1,166.57£1,166.57£0.00
17/04/2018£1,185.52£1,185.52£0.00
17/05/2018£1,204.77£1,204.77£0.00
17/06/2018£1,224.34£1,224.34£0.00
17/07/2018£1,244.23£1,244.23£0.00
17/08/2018£1,264.44£1,264.44£0.00
17/09/2018£1,284.97£1,284.97£0.00
17/10/2018£1,305.84£1,305.84£0.00
17/11/2018£1,327.05£1,327.05£0.00
17/12/2018£1,348.61£1,348.61£0.00
17/01/2019£1,370.51£1,370.51£0.00
17/02/2019£1,392.77£1,392.77£0.00
Total:£54,000.00£12,899.78