ELGINNS LTD

Hospitality

Funds Requested

£50,000.00

Offered so far

£0.00

Loan term

36 MONTHS

Auction Closed

2013-04-22

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

About the Business

Company Name: ELGINNS LTD Company Number: 06000657
Business Type: Hospitality Years Trading: 6-10 years
Business Location: SOMERSET

About the Risk

Risk rating

A

Default rate

7.00%

Bad debt rate

9.69%

About the Security

Security Offered:

All Assets Debenture - Fixed and floating charge created over all assets of applicant company

Est. Equity: 0.00

Personal Guarantee - PG from David Andrew Gough

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

The Windsor Castle (Elginns Ltd) is a traditional local pub. It caters for customers of all ages and is rightly seen as the hub of the community. The Windsor Castle is a long established public house with a healthy trade, primarily consisting of local residents but boosted in the summer by the tourist trade and seasonal workforce in Weston-Super-Mare. The directors also have extensive experience in the licensed trade.

Read more

Loan Offers

What is the loan for?

The funding is needed to help us with the buyout of one of our shareholders. He has taken a back seat role in recent years but is still drawing a salary. The increased cash-flow will allow re-investment of more profit into the business, allowing us to further develop our food trade and to expand our wine offering to match the new menu.

Why consider investing?

Since 2001 when the current owners took over the pub, trade has grown significantly and can be further enhanced with the cash-flow achieved through this loan. All the management team are highly experienced and the business is consistently profitable. The next year has started very well for the company and the management team is optimistic about performance in 2013.

DateAmountCapitalInterestReceived
25/05/2013£1,732.15£1,109.12£623.03
25/06/2013£1,732.15£1,122.94£609.21
25/07/2013£1,732.15£1,136.93£595.22
25/08/2013£1,732.15£1,151.09£581.06
25/09/2013£1,732.15£1,165.43£566.72
25/10/2013£1,732.15£1,179.95£552.20
25/11/2013£1,732.15£1,194.65£537.50
25/12/2013£1,732.15£1,209.54£522.61
25/01/2014£1,732.15£1,224.61£507.54
25/02/2014£1,732.15£1,239.86£492.29
25/03/2014£1,732.15£1,255.31£476.84
25/04/2014£1,732.15£1,270.95£461.20
25/05/2014£1,732.15£1,286.78£445.37
25/06/2014£1,732.15£1,302.81£429.34
25/07/2014£1,732.15£1,319.04£413.11
25/08/2014£1,732.15£1,335.48£396.67
25/09/2014£1,732.15£1,352.12£380.03
25/10/2014£1,732.15£1,368.96£363.19
25/11/2014£1,732.15£1,386.02£346.13
25/12/2014£1,732.15£1,403.28£328.87
25/01/2015£1,732.15£1,420.77£311.38
25/02/2015£1,732.15£1,438.47£293.68
25/03/2015£1,732.15£1,456.39£275.76
25/04/2015£1,474.53£1,474.53£0.00
25/05/2015£1,492.90£1,492.90£0.00
25/06/2015£1,511.50£1,511.50£0.00
25/07/2015£1,530.33£1,530.33£0.00
25/08/2015£1,549.40£1,549.40£0.00
25/09/2015£1,568.70£1,568.70£0.00
25/10/2015£1,588.24£1,588.24£0.00
25/11/2015£1,608.03£1,608.03£0.00
25/12/2015£1,628.06£1,628.06£0.00
25/01/2016£1,648.35£1,648.35£0.00
25/02/2016£1,668.88£1,668.88£0.00
25/03/2016£1,689.67£1,689.67£0.00
25/04/2016£1,710.72£1,710.72£0.00
Total:£49,999.81£10,508.95