Tristone UK Limited

Import/Export

Funds Raised

£30,000.00

Final AER

18.81%

Loan term

36 MONTHS

Auction Closed

2014-06-02

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About the Business

Company Name: Tristone UK Limited Company Number: 04152191
Business Type: Import/Export Years Trading: more than 10 years
Business Location: STOCKTON-ON-TEES

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

Cross Corporate Guarantee - CCG from Haverton Hill Properties Ltd.

Est. Equity: 0.00

Personal Guarantee - PG from director and majority shareholder

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Tristone

Tristone is a high quality solid surface product which is manufactured by Lion Chemtech in South Korea. Tristone UK limited is dedicated to providing the best solid surface products to our customers which is not just a high quality product but also has the benefits of being very competitively priced.

Tristone UK Limited is the sole distributor of Tristone solid surface products for the UK and Ireland. Our company was established in 2001 and have been distributing solid surface products in UK for 13 years. Over this time we have strived to offer a quality and personal service to all our customers.

The business name was changed during 2013 for re-branding purposes and to reflect our long term commitment to supplying Tristone products in our distribution regions.

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Loan Offers

What is the loan for?

The company wants to increase turnover & to effectively do this it requires funding for increased stock. By holding better stock levels of the most popular products the company can offer next day delivery on items, as opposed to 6-8 weeks lead time if ordered from the manufacturer in South Korea.

Why consider investing?

MR H.G. Noh is an experienced director & has the ability to improve sales and return profitability to the business. Mr Noh was requested by Samsung to carry out a 2 year role for them in Poland & felt he had left a competent employee to carry on running his UK business. Unfortunately that wasn't the case & he has firmly taken the reins again at Tristone to return profitability & increase sales. He offers his guarantee. There is also a fully detailed business plan detailing his plans for the next three years and this information supports his borrowing request.

Security

The Loan is to be secured by a Director's Personal Guarantee. The Director has an estimate net worth of £290k. This is from equity in a personal Property with an est. value of £300k, and Shares in Haverton Hill Properties

The Director will also guarantee that the funds will not be used to repay Directors loans, and will also guarantee that the repayment of any personal loans ranks behind repayment of this loan.

DateAmountCapitalInterestReceived
03/07/2014£1,096.80£626.55£470.25
03/08/2014£1,096.80£636.37£460.43
03/09/2014£1,096.80£646.35£450.45
03/10/2014£1,096.80£656.48£440.32
03/11/2014£1,096.80£666.77£430.03
03/12/2014£1,096.80£677.22£419.58
03/01/2015£1,096.80£687.84£408.96
03/02/2015£1,096.80£698.62£398.18
03/03/2015£1,096.80£709.57£387.23
03/04/2015£1,096.80£720.69£376.11
03/05/2015£1,096.80£731.99£364.81
03/06/2015£1,096.80£743.46£353.34
03/07/2015£1,096.80£755.12£341.68
03/08/2015£1,096.80£766.95£329.85
03/09/2015£1,096.80£778.97£317.83
03/10/2015£1,096.80£791.18£305.62
03/11/2015£1,096.80£803.59£293.21
03/12/2015£1,096.80£816.18£280.62
03/01/2016£1,096.80£828.98£267.82
03/02/2016£1,096.80£841.97£254.83
03/03/2016£1,096.80£855.17£241.63
03/04/2016£1,096.80£868.57£228.23
03/05/2016£1,096.80£882.19£214.61
03/06/2016£1,096.80£896.02£200.78
03/07/2016£1,096.80£910.06£186.74
03/08/2016£1,096.80£924.33£172.47
03/09/2016£1,096.80£938.82£157.98
03/10/2016£1,096.80£953.53£143.27
03/11/2016£1,096.80£968.48£128.32
03/12/2016£1,096.80£983.66£113.14
03/01/2017£1,096.80£999.08£97.72
03/02/2017£1,096.80£1,014.74£82.06
03/03/2017£1,096.80£1,030.64£66.16
03/04/2017£1,096.80£1,046.80£50.00
03/05/2017£1,096.80£1,063.21£33.59
03/06/2017£1,096.80£1,079.87£16.93
Total:£30,000.02£9,484.78