Zass Uk Limited

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Funds raised

£40,000.00

Final AER

13.53%

Loan term

36 MONTHS

Deadline

2014-07-27

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: Zass Uk Limited Company Number: 08062398
Business Type: _ Years Trading: 2-3 years
Business Location: READING

About the Risk

Risk rating

A

Default rate

7.00%

Bad debt rate

9.69%

About the Security

Security Offered:

Personal Guarantee - PG from Arham Syed

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Zass Uk Limited is a straightforward business.

We purchase pre-owned/ex-leased Office and IT equipment e.g. Photocopiers, Laptops, PCs, Servers, etc. and export to the Far East, Middle East and East and South Africa. We buy these indirectly from third parties who collect from the actual source and add up their margin eating into our profitability.

We now have increased demand and we wish to start collecting directly from the end users and leasing/finance companies to increase the volume and bring the costs down to achieve even better profitability. Payments to these sources have to be done as soon as our bids approved which would be a daily activity once we start this operation.

All our sales are done on either cash in advance or secured short term credit where we receive 20% down payment and hold on to the negotiable shipping documents until the balance payments are received. So, we do not have any thing sold on open credit.

Read more

Loan Offers

What is the loan for?

A funding of £40,000 is requested to help us collect directly from end users/leasing and finance companies as well as from our usual sources to meet our increasing demands.

The change in our modus operandi, adding into a mix an element of stock retention whereas, previously, we have operated purely on a "back to back" basis, has an impact on our working capital cycle, creating a need for external funding to finance our stock requirements, albeit that we will see a dynamic use of those funds with a regular "swing" in the use of our bank account.

Why consider investing?

We are now well established.

The company is run and managed by professionals in the trade with over 2 decades of experience. We have a large network of customers and suppliers around the world. The nature of our business is very peculiar where buying is more difficult than selling meaning very favourable trading conditions when it comes to selling. The more we can buy, the more we can sell and with additional working capital, requested here, we can secure long term supplies from our vendors at preferential rates boosting our profitability

Disclosure note: Divideneds for 2013 were £31500 and for 2014 were £35500

DateAmountCapitalInterestReceived
24/08/2014£1,357.99£906.99£451.00
24/09/2014£1,357.99£917.22£440.77
24/10/2014£1,357.99£927.56£430.43
24/11/2014£1,357.99£938.02£419.97
24/12/2014£1,357.99£948.59£409.40
24/01/2015£1,357.99£959.29£398.70
24/02/2015£1,357.99£970.11£387.89
24/03/2015£1,357.99£981.04£376.95
24/04/2015£1,357.99£992.10£365.89
24/05/2015£1,357.99£1,003.29£354.70
24/06/2015£1,357.99£1,014.60£343.39
24/07/2015£1,357.99£1,026.04£331.95
24/08/2015£1,357.99£1,037.61£320.38
24/09/2015£1,357.99£1,049.31£308.68
24/10/2015£1,357.99£1,061.14£296.85
24/11/2015£1,357.99£1,073.11£284.89
24/12/2015£1,357.99£1,085.20£272.79
24/01/2016£1,357.99£1,097.44£260.55
24/02/2016£1,357.99£1,109.81£248.18
24/03/2016£1,357.99£1,122.33£235.66 (63 days late)
24/04/2016£1,357.99£1,134.98£223.011184 days overdue
24/05/2016£1,357.99£1,147.78£210.211154 days overdue
24/06/2016£1,357.99£1,160.72£197.271123 days overdue
24/07/2016£1,357.99£1,173.81£184.191093 days overdue
24/08/2016£1,357.99£1,187.04£170.951062 days overdue
24/09/2016£1,357.99£1,200.43£157.571031 days overdue
24/10/2016£1,357.99£1,213.96£144.031001 days overdue
24/11/2016£1,357.99£1,227.65£130.34970 days overdue
24/12/2016£1,357.99£1,241.49£116.50940 days overdue
24/01/2017£1,357.99£1,255.49£102.50909 days overdue
24/02/2017£1,357.99£1,269.64£88.35878 days overdue
24/03/2017£1,357.99£1,283.96£74.03850 days overdue
24/04/2017£1,357.99£1,298.43£59.56819 days overdue
24/05/2017£1,357.99£1,313.07£44.92789 days overdue
24/06/2017£1,357.99£1,327.88£30.11758 days overdue
24/07/2017£1,357.99£1,342.85£15.14728 days overdue
Total:£39,999.98£8,887.72