ENVIRONMENTAL TREATMENT CONCEPTS LIMITED

Engineering

Funds Requested

£50,000.00

Offered so far

£0.00

Loan term

24 MONTHS

Auction Closed

2014-05-12

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About the Business

Company Name: ENVIRONMENTAL TREATMENT CONCEPTS LIMITED Company Number: 02999601
Business Type: Engineering Years Trading: more than 10 years
Business Location: FAREHAM

About the Risk

Risk rating

A

Default rate

7.00%

Bad debt rate

9.69%

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?

Since 1996 we have pioneered the effective use of electronic water conditioning systems to help clients reduce their energy, water, maintenance and repairs thereby reducing their costs and improving sustainability by extending the life of water-fed equipment and appliances. This success was achieved by developing ways of actually measuring the effectiveness of applied non-chemical treatment thereby delivering proven solutions to water hardness problems. Maintaining efficient water systems reduces risk of Legionnairesu2019 disease. Last seven years we have been the sole supplier protecting hundreds of MOD buildings against damaging scaling and bacteria in hot water systems. Company has earned an unsurpassed reputation as a solutions provider.

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Loan Offers

What is the loan for?

The Company has won a £226,000 match-funded Technology Strategy Board Grant to develop electronic non-chemical methods for improving waste water treatment, based upon its successful and well proven Enigma water conditioning systems. This new application is to include dewatering applications, removal and prevention of aggressive calcite and struvite fouling and reversing the falloff in efficiency of Anaerobic Digestion plant. AD was heralded as a more acceptable and sustainable method of producing green energy when compared to wind farms; not only does it reduce reliance on landfill and land-spread it also provides a safe and effective fertiliser. Many AD sites are running at only 30-50% capacity losing owners millions in feed-in tariff.

Why consider investing?

ETC Ltd is a family owned and managed world leading business using our own unique and effective method of non-chemical fluid treatment. We have no serious competitors simply because we are an engineering-focused solutions provider and not simply a box-seller. A range of new products are under development which have huge UK and export sales potential. A major UK Water Company is actively helping us in this quest simply because they can see easily measured direct savings to their own operation. We have an unrivalled reputation for delivering sustainable solutions to blue-chip clients, such as Thames Water, United Utilities, John Lewis, Waitrose, Barchester Healthcare, Whitbread as well as many NHS, Local and Central Government organisations.

Security

The loan is to be secured by a directors guarantee. The director has a estimate net worth of £63,043. From equity in a Personal Property Est. Value £100k equity £25k. Cash savings and investment shares.

DateAmountCapitalInterestReceived
13/06/2014£2,390.74£1,824.90£565.84
13/07/2014£2,390.74£1,845.55£545.19
13/08/2014£2,390.74£1,866.44£524.30
13/09/2014£2,390.74£1,887.56£503.18
13/10/2014£2,390.74£1,908.92£481.82
13/11/2014£2,390.74£1,930.52£460.22
13/12/2014£2,390.74£1,952.37£438.37
13/01/2015£2,390.74£1,974.47£416.27
13/02/2015£2,390.74£1,996.81£393.93
13/03/2015£2,390.74£2,019.41£371.33
13/04/2015£2,390.74£2,042.26£348.48
13/05/2015£2,390.74£2,065.37£325.37
13/06/2015£2,390.74£2,088.75£301.99
13/07/2015£2,390.74£2,112.38£278.36
13/08/2015£2,390.74£2,136.29£254.45
13/09/2015£2,390.74£2,160.46£230.28
13/10/2015£2,390.74£2,184.91£205.83
13/11/2015£2,390.74£2,209.64£181.10
13/12/2015£2,390.74£2,234.65£156.10
13/01/2016£2,390.74£2,259.93£130.81
13/02/2016£2,390.74£2,285.51£105.23
13/03/2016£2,390.74£2,311.37£79.37
13/04/2016£2,390.74£2,337.53£53.21
13/05/2016£2,390.74£2,363.98£26.76
Total:£49,999.98£7,377.79