247 PERSONNEL LTD

Recruitment

Funds Requested

£25,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

2014-06-18

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

About the Business

Company Name: 247 PERSONNEL LTD Company Number: 07027158
Business Type: Recruitment Years Trading: 4-5 years
Business Location: SPALDING

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

Personal Guarantee - PG from Roger Neal

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

We are a recruitment agency that provides both Temporary and Permanent staffing across various industries. Our aim is to match the business needs of our clients with the skills of our registered candidates in order to deliver the most cost effective solution for the recruitment needs of modern business.

Current contracts include City Link, Rentokill, Manpower, Jewsons, Travis Perkins and the NHS

Read more

Loan Offers

What is the loan for?

The loan is firstly to build a new website, modernising both its look and functionality, streamlining some of the current admin features, enabling online submission of timesheets etc.

In addition approx £10k of the monies will be used towards the recruitment and training of a new sales manager who will be used to enhance the temporary staffing side of the business, enabling current directors to concentrate on the recruitment of staff.

Why consider investing?

The company has grown year on year, and has moved from a loss situation to making a profit. There has been no defaults, and minimum lending. Due to the nature of the way some of our larger clients operate, we have invoice financing, so therefore are able to maintain our cash flow.

Security

The loan will be secured against a personal guarantee. The director has an estimate net worth of £120k. Primarily from equity in a personal property with an estimate value of £270k and £120k Equity.

DateAmountCapitalInterestReceived
20/07/2014£613.81£271.31£342.50
20/08/2014£613.81£275.03£338.78
20/09/2014£613.81£278.80£335.01
20/10/2014£613.81£282.62£331.19
20/11/2014£613.81£286.49£327.32
20/12/2014£613.81£290.41£323.40
20/01/2015£613.81£294.39£319.42
20/02/2015£613.81£298.42£315.39
20/03/2015£613.81£302.51£311.30
20/04/2015£613.81£306.66£307.15
20/05/2015£613.81£310.86£302.95
20/06/2015£613.81£315.12£298.69
20/07/2015£613.81£319.43£294.38
20/08/2015£613.81£323.81£290.00
20/09/2015£613.81£328.25£285.56
20/10/2015£613.81£332.74£281.07
20/11/2015£613.81£337.30£276.51
20/12/2015£613.81£341.92£271.89
20/01/2016£613.81£346.61£267.20
20/02/2016£613.81£351.36£262.45
20/03/2016£613.81£356.17£257.64
20/04/2016£613.81£361.05£252.76
20/05/2016£613.81£366.00£247.81
20/06/2016£613.81£371.01£242.80
20/07/2016£613.81£376.09£237.72
20/08/2016£613.81£381.25£232.56
20/09/2016£613.81£386.47£227.34
20/10/2016£613.81£391.76£222.05
20/11/2016£613.81£397.13£216.68
20/12/2016£613.81£402.57£211.24
20/01/2017£613.81£408.09£205.72
20/02/2017£613.81£413.68£200.13
20/03/2017£613.81£419.34£194.47
20/04/2017£613.81£425.09£188.72
20/05/2017£613.81£430.91£182.90
20/06/2017£613.81£436.82£176.99
20/07/2017£613.81£442.80£171.01
20/08/2017£613.81£448.87£164.94
20/09/2017£613.81£455.02£158.79
20/10/2017£613.81£461.25£152.56
20/11/2017£613.81£467.57£146.24
20/12/2017£613.81£473.98£139.83
20/01/2018£613.81£480.47£133.34
20/02/2018£613.81£487.05£126.76
20/03/2018£613.81£493.72£120.09
20/04/2018£613.81£500.49£113.32
20/05/2018£613.81£507.34£106.47
20/06/2018£613.81£514.29£99.52
20/07/2018£613.81£521.34£92.47
20/08/2018£613.81£528.48£85.33 (15 days late)
20/09/2018£613.81£535.72£78.09
20/10/2018£613.81£543.06£70.75
20/11/2018£613.81£550.50£63.31
20/12/2018£613.81£558.04£55.77
20/01/2019£613.81£565.69£48.12
20/02/2019£613.81£573.44£40.37
20/03/2019£613.81£581.30£32.51
20/04/2019£613.81£589.26£24.55
20/05/2019£613.81£597.33£16.48
20/06/2019£613.81£605.52£8.29
Total:£25,000.00£11,828.60