Riverhouse Digital

Digital Media

Funds Raised

£50,000.00

Final AER

19.59%

Loan term

48 MONTHS

Auction Closed

2014-05-29

Recovery News
This loan may be behind with its repayment schedule and so microloan trading has been suspended while we work to help the business recover its repayment form. Please see the Loan Updates tab for recent updates.

About the Business

Company Name: Riverhouse Digital Company Number: 06768581
Business Type: Digital Media Years Trading: more than 10 years
Business Location: Newbury

About the Risk

Risk rating

C

Default rate

13.00%

Bad debt rate

5.33%

About the Security

Security Offered:

Personal Guarantee - PG from david-buxton

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

We are a digital production company, that was established in 1983. We have a wide range of skills, our editors and producers have back grounds in the BBC and Science. We are always leading the field, and are no strangers to innovation, and pride ourselves on the quality of our work. We are in a strong position in the market place, and have a good name among our peers, and have developed very close links with our numerous clients over the years

About The Team

At Riverhouse, we are quite unique, in as far as our back grounds are concerned. There is an old adage which says "You may be talented in many fields, but you will only be successful in what you ENJOY doing."

All our team have varied backgrounds,

  • Our Founder and M.D., Colin Webb has a degree in Medicine,
  • Our Acting M.D. David Buxton is a Fellow of the Gemmological Association.
  • Our Director of Graphics, Lee Simpson is a lecturer of Graphics and Animation at Kingston University,
  • Our Project Manager, Laura Spink has a degree in Biology,
  • Our Chief Editor, Sam Bullus holds a B.A. in Media Craft,
  • Our Head Creative Charles Denholm has a degree in Spanish and French, also speaks Italian and German.

And not forgetting our Social Media Head, Tom Webb, who has an MA in Politics. With all our backgrounds, and our PASSION, we are able to approach any brief with flair and confidence

Read more

Loan Offers

What is the loan for?

The loan is needed to help us to advance the business, and push us forward. We have identified that we need to purchase machinery, build, train and develop a highly trained work force. We also need to implement plans that make us more proactive across all sectors, and drive our marketing plans. We are also being requested to pitch for contracts and tenders directly with the end client, and we have to ensure we have the systems in place to service them.

Why consider investing?

Now is the right time to make this happen. The shoots of recovery are well and truly showing at last, and we find ourselves at the dawn of a new era in our business history. Our client base is issuing more work than we have seen in a while, and we are a well founded company. We are in a position of strength, with no debts on the business or overdraft at the bank, which demonstrates a level of financial prudence that will serve us well into the future.

Security

This loan is to be secured by two personal guarantees.

The directors have a combined estimate Net Worth of £366k, stemming from 2 properties, one Personal Property £315k value, equity £135k, additional and a second personal property of est. value £95k est. equity £29k

DateAmountCapitalInterestReceived
01/07/2014£1,510.62£694.37£816.25
01/08/2014£1,510.62£705.70£804.92 (7 days late)
01/09/2014£1,510.62£717.22£793.40
01/10/2014£1,510.62£728.93£781.69
01/11/2014£1,510.62£740.83£769.79
01/12/2014£1,510.62£752.93£757.69
01/01/2015£1,510.62£765.22£745.40
01/02/2015£1,510.62£777.71£732.91
01/03/2015£1,510.62£790.41£720.21 (22 days late)
01/04/2015£1,510.62£803.31£707.31 (58 days late)
01/05/2015£1,510.62£816.42£694.201599 days overdue
01/06/2015£1,510.62£829.75£680.871568 days overdue
01/07/2015£1,510.62£843.30£667.321538 days overdue
01/08/2015£1,510.62£857.06£653.561507 days overdue
01/09/2015£1,510.62£871.06£639.561476 days overdue
01/10/2015£1,510.62£885.28£625.341446 days overdue
01/11/2015£1,510.62£899.73£610.891415 days overdue
01/12/2015£1,510.62£914.42£596.201385 days overdue
01/01/2016£1,510.62£929.34£581.281354 days overdue
01/02/2016£1,510.62£944.51£566.111323 days overdue
01/03/2016£1,510.62£959.93£550.691294 days overdue
01/04/2016£1,510.62£975.60£535.021263 days overdue
01/05/2016£1,510.62£991.53£519.091233 days overdue
01/06/2016£1,510.62£1,007.72£502.901202 days overdue
01/07/2016£1,510.62£1,024.17£486.451172 days overdue
01/08/2016£1,510.62£1,040.89£469.731141 days overdue
01/09/2016£1,510.62£1,057.88£452.741110 days overdue
01/10/2016£1,510.62£1,075.15£435.471080 days overdue
01/11/2016£1,510.62£1,092.70£417.921049 days overdue
01/12/2016£1,510.62£1,110.54£400.081019 days overdue
01/01/2017£1,510.62£1,128.67£381.95988 days overdue
01/02/2017£1,510.62£1,147.10£363.52957 days overdue
01/03/2017£1,510.62£1,165.82£344.80929 days overdue
01/04/2017£1,510.62£1,184.86£325.76898 days overdue
01/05/2017£1,510.62£1,204.20£306.42868 days overdue
01/06/2017£1,510.62£1,223.86£286.76837 days overdue
01/07/2017£1,510.62£1,243.84£266.78807 days overdue
01/08/2017£1,510.62£1,264.14£246.48776 days overdue
01/09/2017£1,510.62£1,284.78£225.84745 days overdue
01/10/2017£1,510.62£1,305.75£204.87715 days overdue
01/11/2017£1,510.62£1,327.07£183.55684 days overdue
01/12/2017£1,510.62£1,348.73£161.89654 days overdue
01/01/2018£1,510.62£1,370.75£139.87623 days overdue
01/02/2018£1,510.62£1,393.13£117.49592 days overdue
01/03/2018£1,510.62£1,415.87£94.75564 days overdue
01/04/2018£1,510.62£1,438.99£71.63533 days overdue
01/05/2018£1,510.62£1,462.48£48.14503 days overdue
01/06/2018£1,510.62£1,486.35£24.27472 days overdue
Total:£50,000.00£22,509.76