NAVIGATION SUPPORT AND CARE SERVICES LTD

Other

Funds Requested

£25,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

2014-05-01

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

About the Business

Company Name: NAVIGATION SUPPORT AND CARE SERVICES LTD Company Number: 07542599
Business Type: Other Years Trading: 2-3 years
Business Location: LINCOLN

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

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

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

We are a family run business who formed in April 2011 due to the lack of facilities for our own son. We did extensive research to find out what services where required within Lincolnshire.

In October 2011 we became part of the Lincolnshire County Councils Community Support Framework. This means we are an approved provider through Adult Social Care for Lincolnshire. We are a dynamic company that works with adults 16 plus in day time opportunities and 18 plus in Community Supported Living.

We believe that everyone should have access to day opportunities and community support from a highly trained and professional staff team. All our staff are trained to level NVQ 2 / 3 in adult Social Care (or working towards).

We provide support that is meaningful and person centred and enables people to achieve personal and assessed outcomes. We want you to be at the centre of everything we do, so your support is...........what you want, how you want, on the day you want.

We offer our patients support in their own homes. In addition to this we also run a day centre to cater to our patients needs. We are a growing business and we have an excellent reputation within the local community. This is supported by the fact that a number of people are waiting to be supported by us.

www.navigationsupportandcareservices.com/

Read more

Loan Offers

What is the loan for?

The loan will be used to improve our working Capital. The council are currently changing our payment terms from 14 days to 28 days.The loan will therefore allow us to maintain our security over this period of change.

Why consider investing?

We are a very safe company to lend to and are contracted with the county council and have over £500,000.00 turnover through the council alone. We currently turnover £650,000.00 per annum and our business is constantly growing due to our reputation within the area.

Security

The loan is to be secured by each of the Directors Sarah and Adrian Caines. The estimate combined Net worth of the directors is £47k. They co-own 2 properties with a total value of £277k and total equity of £93k

DateAmountCapitalInterestReceived
13/06/2014£612.21£272.21£340.00
13/07/2014£612.21£275.91£336.30
13/08/2014£612.21£279.66£332.55
13/09/2014£612.21£283.47£328.74
13/10/2014£612.21£287.32£324.89
13/11/2014£612.21£291.23£320.98
13/12/2014£612.21£295.19£317.02
13/01/2015£612.21£299.21£313.00
13/02/2015£612.21£303.28£308.93
13/03/2015£612.21£307.40£304.81
13/04/2015£612.21£311.58£300.63
13/05/2015£612.21£315.82£296.39
13/06/2015£612.21£320.11£292.10
13/07/2015£612.21£324.47£287.74
13/08/2015£612.21£328.88£283.33
13/09/2015£612.21£333.35£278.86
13/10/2015£612.21£337.89£274.32
13/11/2015£612.21£342.48£269.73
13/12/2015£612.21£347.14£265.07
13/01/2016£612.21£351.86£260.35
13/02/2016£612.21£356.65£255.56
13/03/2016£612.21£361.50£250.71
13/04/2016£612.21£366.41£245.80
13/05/2016£612.21£371.40£240.81
13/06/2016£612.21£376.45£235.76
13/07/2016£612.21£381.57£230.64
13/08/2016£612.21£386.76£225.45 (9 days late)
13/09/2016£612.21£392.02£220.19
13/10/2016£612.21£397.35£214.86
13/11/2016£612.21£402.75£209.46
13/12/2016£612.21£408.23£203.98
13/01/2017£612.21£413.78£198.43
13/02/2017£612.21£419.41£192.80
13/03/2017£612.21£425.11£187.10
13/04/2017£612.21£430.89£181.32
13/05/2017£612.21£436.75£175.46
13/06/2017£612.21£442.69£169.52
13/07/2017£612.21£448.71£163.50
13/08/2017£612.21£454.82£157.39
13/09/2017£612.21£461.00£151.21
13/10/2017£612.21£467.27£144.94
13/11/2017£612.21£473.63£138.58
13/12/2017£612.21£480.07£132.14
13/01/2018£612.21£486.60£125.61
13/02/2018£612.21£493.21£119.00
13/03/2018£612.21£499.92£112.29
13/04/2018£612.21£506.72£105.49
13/05/2018£612.21£513.61£98.60
13/06/2018£612.21£520.60£91.61
13/07/2018£612.21£527.68£84.53
13/08/2018£612.21£534.85£77.36
13/09/2018£612.21£542.13£70.08
13/10/2018£612.21£549.50£62.71
13/11/2018£612.21£556.97£55.24
13/12/2018£612.21£564.55£47.66
13/01/2019£612.21£572.23£39.98
13/02/2019£612.21£580.01£32.20
13/03/2019£612.21£587.90£24.31
13/04/2019£612.21£595.89£16.32
13/05/2019£612.21£604.00£8.21
Total:£25,000.05£11,732.55