Engineering Mechanical Services Limited

Manufacturing

Funds raised

£30,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Deadline

2014-04-04

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

About the Business

Company Name: Engineering Mechanical Services Limited Company Number: 07284847
Business Type: Manufacturing Years Trading: 4-5 years
Business Location: CHESHIRE

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?

Growing engineering company, based in Cheshire. Focused predominantly in steel fabrication,the business has invested heavily in machinery, training and Health and safety. Key areas of activity are pipe work fabrication, sheet metal work and coded welding with work undertaken both in the workshop and on site. There is a strong client base and a growing order book

Read more

Loan Offers

What is the loan for?

Working capital in order to meet our expansion plans and reassume control of our debtor book, currently factored through Lloyds Bank Commercial Finance as this is proving both costly and inflexible.

Why consider investing?

Steadily improving financial performance driven by: 1. Concentration on weeding out less profitable trading activity in 2012 and 2013 2. Well placed for significant controlled expansion 3. Growing order book
The loan is supported by 2 Director PG's, supported by equity in two properties, one personal property with an estimate value of £390k with approx. £180k equity, as well as a commercial property estimate value. £350k with approx £234k. The commercial property is owned by RSE Properties, of which the Directors are the sole Shareholders.. RSE Properties will also stand as Corporate guarantor to the loan.

DateAmountCapitalInterestReceived
06/05/2014£734.33£326.83£407.50
06/06/2014£734.33£331.27£403.06
03/07/2014£734.33£335.77£398.56
06/08/2014£734.33£340.33£394.00
05/09/2014£734.33£344.96£389.37
06/10/2014£734.33£349.64£384.69
05/11/2014£734.33£354.39£379.94
06/12/2014£734.33£359.20£375.13
06/01/2015£734.33£364.08£370.25
05/02/2015£734.33£369.03£365.30
06/03/2015£734.33£374.04£360.29
05/04/2015£734.33£379.12£355.21
06/05/2015£734.33£384.27£350.06
06/06/2015£734.33£389.49£344.84
03/07/2015£734.33£394.78£339.55
06/08/2015£734.33£400.14£334.19
05/09/2015£734.33£405.58£328.75
06/10/2015£734.33£411.09£323.24
05/11/2015£734.33£416.67£317.66
06/12/2015£734.33£422.33£312.00
06/01/2016£734.33£428.07£306.26
05/02/2016£734.33£433.88£300.45
06/03/2016£734.33£439.78£294.55
05/04/2016£734.33£445.75£288.58
06/05/2016£734.33£451.81£282.52
06/06/2016£734.33£457.94£276.39
04/07/2016£734.33£464.16£270.17
06/08/2016£734.33£470.47£263.86
05/09/2016£734.33£476.86£257.47
06/10/2016£18,743.44£18,492.23£251.21
05/11/2016£0.00£0.00£0.00
06/12/2016£0.00£0.00£0.00
06/01/2017£0.00£0.00£0.00
05/02/2017£0.00£0.00£0.00
06/03/2017£0.00£0.00£0.00
05/04/2017£0.00£0.00£0.00
06/05/2017£0.00£0.00£0.00
06/06/2017£0.00£0.00£0.00
03/07/2017£0.00£0.00£0.00
06/08/2017£0.00£0.00£0.00
05/09/2017£0.00£0.00£0.00
06/10/2017£0.00£0.00£0.00
05/11/2017£0.00£0.00£0.00
06/12/2017£0.00£0.00£0.00
06/01/2018£0.00£0.00£0.00
05/02/2018£0.00£0.00£0.00
06/03/2018£0.00£0.00£0.00
05/04/2018£0.00£0.00£0.00
06/05/2018£0.00£0.00£0.00
06/06/2018£0.00£0.00£0.00
03/07/2018£0.00£0.00£0.00
06/08/2018£0.00£0.00£0.00
05/09/2018£0.00£0.00£0.00
06/10/2018£0.00£0.00£0.00
05/11/2018£0.00£0.00£0.00
06/12/2018£0.00£0.00£0.00
06/01/2019£0.00£0.00£0.00
05/02/2019£0.00£0.00£0.00
06/03/2019£0.00£0.00£0.00
05/04/2019£0.00£0.00£0.00
Total:£30,013.96£10,025.05