Morgan Daniels Training Limited

Education

Funds Requested

£25,000.00

Offered so far

£0.00

Loan term

36 MONTHS

Auction Closed

2014-10-13

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About the Business

Company Name: Morgan Daniels Training Limited Company Number: 07608303
Business Type: Education Years Trading: 4-5 years
Business Location: SWANSEA

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

1st Charge Residential Property

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Our Website

Trading since 2011, Morgan Daniels Training specialises in the delivery of Government funded apprenticeships and work place learning provisions in England & Wales. Our objectives are to offer value for money from public investment, with unique learning and recruitment models that support the creation of apprenticeship positions, sustainable employment for those already in work and qualifications that support career development.

What makes us the right choice is our flexible, quality driven delivery models that work for individuals and businesses alike. We work with you to provide an efficient, cost-effective partnership which is led by quality learning opportunities which provide value added benefits.

We are proud to be supporting Government employment and skill agendas, enhancing opportunities for people of all ages and businesses of all sizes in taking advantage of funding that works for business.

Our business is formed upon a series of values that continue to drive us forward as a growth training provider of choice:

Community & Environment. To focus on the positive impact our delivery has and will continue to have on individuals, businesses and the wider community.

Alignment & Accountability. To ensure that quality is the responsibility of everyone within the business, creating a culture of positive learning experiences that strictly comply to funding regulation.

Teamwork. To listen positively to feedback and evaluation from all colleagues and clients, to provide an outstanding to level of service to internal and external parties. Ensuring we are loyal to each other and that we share the same objectives.

Customer Service Excellence. To ensure we satisfy commitments made to our customers (employers and learners) and are committed to constantly improving our service to our clients.

Integrity. To always, without fail work with honest, integrity and to never compromise the truth

Read more

Loan Offers

What is the loan for?

We have planned to use the loan to consolidate some previous debt, enabling us to free us working capital on a monthly basis, as well investment in a new Business Development staff member and an additional Tutor to fulfil contract growth and the introduction of a new niche qualification. We then plan to use the remainder to invest in marketing resources and tele-marketing campaigns, to increase our existing client base. Historically sales have almost wholly been repeat business and referrals from clients which are excellent, but doesn't present the growth rate that were now seeking.We will also utilise the loan for IT equipment for new staff.

Why consider investing?

We are an experienced, ambitious and passionate team who have built excellent foundations in relation to clients, repeat business, and unique e-learning and funding contracts. Our success rates are over 20% higher than the national benchmark and we are in a strong position to invest in growth and resources to enhance the quality of our delivery.

Working within the Apprenticeships sector is both rewarding and exciting, with more young people opting for this route and more Government investment to make this happen. As it is Government owned, we eliminate risks to bad debt. We hold growing contracts with clients and plan to further extend our delivery into new areas of England, as well as a niche qualification field. Our current credit rating is good which we also feel deems us low risk and our accounts display year on year improvements.

Notes on Accounts

In YE 2014 £13,400< were paid in dividends

Security

The loan is to be secured by two Director Guarantees

The Director has an estimate net worth of £39,500. Primarily from equity in a property with an est. value of £200k and equity of £55k

DateAmountCapitalInterestReceived
10/11/2014£861.13£558.01£303.12
10/12/2014£861.13£564.78£296.35
10/01/2015£861.13£571.62£289.51
27/02/2015£861.13£578.55£282.58
27/03/2015£861.13£585.57£275.56
27/04/2015£861.13£592.67£268.46 (18 days late)
27/05/2015£861.13£599.85£261.28
27/06/2015£861.13£607.13£254.00
27/07/2015£861.13£614.49£246.64
27/08/2015£861.13£621.94£239.19 (7 days late)
27/09/2015£861.13£629.48£231.65
27/10/2015£861.13£637.11£224.02
27/11/2015£861.13£644.84£216.29
27/12/2015£861.13£652.66£208.47 (36 days late)
27/01/2016£861.13£660.57£200.56 (35 days late)
27/02/2016£861.13£668.58£192.55 (24 days late)
27/03/2016£861.13£676.69£184.44 (31 days late)
27/04/2016£861.13£684.89£176.24 (23 days late)
27/05/2016£861.13£693.20£167.93
27/06/2016£861.13£701.60£159.53
27/07/2016£861.13£710.11£151.02
27/08/2016£861.13£718.72£142.41
27/09/2016£861.13£727.43£133.70
27/10/2016£861.13£736.25£124.88
27/11/2016£861.13£745.18£115.95
27/12/2016£861.13£754.21£106.92
27/01/2017£861.13£763.36£97.77
27/02/2017£861.13£772.62£88.51
27/03/2017£861.13£781.98£79.15
27/04/2017£861.13£791.47£69.66
27/05/2017£861.13£801.06£60.07
27/06/2017£861.13£810.77£50.36
27/07/2017£861.13£820.61£40.52
27/08/2017£861.13£830.55£30.58
27/09/2017£861.13£840.63£20.50
27/10/2017£861.13£850.82£10.31 (5 days late)
Total:£25,000.00£6,000.68