STRIKE FENCING CONTRACTORS LTD

Construction

Funds Raised

£25,000.00

Final AER

16.18%

Loan term

48 MONTHS

Auction Closed

2014-03-31

Micro Loan Opportunities
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Price Buyer's
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About the Business

Company Name: STRIKE FENCING CONTRACTORS LTD Company Number: 07261011
Business Type: Construction Years Trading: 4-5 years
Business Location: CHESHIRE

About the Risk

Risk rating

B

Default rate

6.90%

Bad debt rate

5.67%

About the Security

Security Offered:

Personal Guarantee - PG from Peter Stubbs

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

www.strikefencing.co.uk/

Strike Fencing Contractors Limited (Strike) is based in the heart of Cheshire has been trading since 2010. The business carries out fencing contracts for both commercial and domestic use and offers a full design through to installation service. Strike has built an excellent reputation for being a reliable contractor that delivers a very high quality of work and wins most of its new business from recommendation. The business currently has contracts with a number of major developers covering exclusive areas of South Manchester and surrounding districts. The client list is well spread including high-end domestic property developers; commercial property developers; managing agents and demolition contractors. Strike is a family business led by Peter Stubbs who has more than 20 years industry experience.

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Loan Offers

What is the loan for?

Due to the sector the business operates in trading conditions have been difficult in recent years. However, the outlook is now very positive with a good order book already for 2014 and very strong forward demand. New funding is required to ensure that the business has the working capital in place to be able to take advantage of the improved market conditions.

Why consider investing?

The business is profitable, well established and has an excellent reputation in its local market. Strike has an excellent existing customer base many of whom are now forecasting growth and have significant new property developments under way. The loan will be personally guaranteed by the principal director and shareholder.
The Director's Guarantee is supported by approx £ 110k equity in a personal property with an estimate value of £530k

DateAmountCapitalInterestReceived
25/04/2014£710.81£373.75£337.04
25/05/2014£710.81£378.79£332.00
25/06/2014£710.81£383.89£326.90
25/07/2014£710.81£389.07£321.72
25/08/2014£710.81£394.31£316.48
25/09/2014£710.81£399.63£311.16
25/10/2014£710.81£405.02£305.77
25/11/2014£710.81£410.48£300.31
25/12/2014£710.81£416.01£294.78
25/01/2015£710.81£421.62£289.17
25/02/2015£710.81£427.30£283.49
25/03/2015£710.81£433.06£277.72
25/04/2015£710.81£438.90£271.89
25/05/2015£710.81£444.82£265.97
25/06/2015£710.81£450.82£259.97
25/07/2015£710.81£456.89£253.89
25/08/2015£710.81£463.05£247.73
25/09/2015£710.81£469.30£241.49
25/10/2015£710.81£475.62£235.16
25/11/2015£710.81£482.04£228.75
25/12/2015£710.81£488.53£222.25
25/01/2016£710.81£495.12£215.67
25/02/2016£710.81£501.80£208.99
25/03/2016£710.81£508.56£202.23
25/04/2016£710.81£515.42£195.37
25/05/2016£710.81£522.37£188.42
25/06/2016£710.81£529.41£181.38
25/07/2016£710.81£536.55£174.24
25/08/2016£710.81£543.78£167.01
25/09/2016£710.79£551.11£159.68
25/10/2016£710.79£558.54£152.25
25/11/2016£710.79£566.07£144.72
25/12/2016£710.79£573.70£137.09
25/01/2017£710.79£581.44£129.35
25/02/2017£710.79£589.27£121.51
25/03/2017£710.79£597.22£113.57
25/04/2017£710.79£605.27£105.52
25/05/2017£710.79£613.43£97.36
25/06/2017£710.79£621.70£89.09
25/07/2017£710.79£630.08£80.71
25/08/2017£710.79£638.58£72.21
25/09/2017£710.79£647.19£63.60
25/10/2017£710.79£655.91£54.88
25/11/2017£710.79£664.75£46.03
25/12/2017£710.79£673.72£37.07
25/01/2018£710.79£682.80£27.99
25/02/2018£710.79£692.00£18.78
25/03/2018£710.79£701.33£9.46
Total:£25,000.01£9,117.82