BFS (Barnsley Food Catering Supplies) Limited

Other

Funds Requested

£27,000.00

Offered so far

£0.00

Loan term

24 MONTHS

Auction Closed

2014-01-30

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About the Business

Company Name: BFS (Barnsley Food Catering Supplies) Limited Company Number: 5957256
Business Type: Other Years Trading: 6-10 years
Business Location: BRADFORD

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

Personal Guarantee - PG from director and majority shareholder

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

We are wholesale food Supply Company open 7 days a week. We stock over 900 products with a clientele of pizza takeaways, cafes, snack vans, fish and chip shops and restaurants. We deliver within a 40 mile radius using our 5 delivery vans. Due to continued demand for business we have expanded into a joining warehouse to cope with the workload. We are also open to the general public and are the only wholesaler of our kind supplying specifically to pizza takeaways in Barnsley.

Read more

Loan Offers

What is the loan for?

One of the ways we have been increasing our margins (and in turn our profits) is buying and purchasing our stock in larger quantities. Part of the loan would be to help fund this to capitalise on buying stock before increases to improve our margin on our products. Also, we have recently purchased new vans as we have expanded our distribution into Doncaster and would like to convert one into a freezer van. This would enable us to pursue more new business and expand our delivery area as the demand is currently there for us. There is also a variety of new equipment we require such as a new computers in the office, a new fork lift and new racking to store additional products. All of this would result in us being able to continue to improve our turnover and grow our business further.

Why consider investing?

We are a family run business incorporated since 2006.We are open 364 days a year and are completely dedicated to the business. We have a great relationship with our current suppliers including suppliers from overseas ' Lamb Western'. We boast an A1 repayment history and our profits are reinvested into the business resulting in the financial progression showing in the accounts. * The loan is supported by two director guarantees*

DateAmountCapitalInterestReceived
28/02/2014£1,327.69£957.79£369.90
28/03/2014£1,327.69£970.91£356.78
28/04/2014£1,327.69£984.21£343.48
28/05/2014£1,327.69£997.69£330.00
28/06/2014£1,327.69£1,011.36£316.33
28/07/2014£1,327.69£1,025.22£302.47
28/08/2014£1,327.69£1,039.26£288.43
28/09/2014£1,327.69£1,053.50£274.19
28/10/2014£1,327.69£1,067.93£259.76
28/11/2014£1,327.69£1,082.57£245.12
28/12/2014£1,327.69£1,097.40£230.29
28/01/2015£1,327.69£1,112.43£215.26
28/02/2015£1,327.69£1,127.67£200.02
28/03/2015£1,327.69£1,143.12£184.57
28/04/2015£1,327.69£1,158.78£168.91
28/05/2015£1,327.69£1,174.66£153.03
28/06/2015£1,327.69£1,190.75£136.94
28/07/2015£1,327.69£1,207.06£120.63
28/08/2015£1,327.69£1,223.60£104.09
28/09/2015£1,327.69£1,240.36£87.33
28/10/2015£1,327.69£1,257.36£70.33
28/11/2015£1,327.69£1,274.58£53.11
28/12/2015£1,327.69£1,292.04£35.65
28/01/2016£1,327.69£1,309.74£17.95
Total:£26,999.99£4,864.57