Divine Motions Acacare Ltd

Other

Funds Requested

£28,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

2015-01-13

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

About the Business

Company Name: Divine Motions Acacare Ltd Company Number: 07455348
Business Type: Other Years Trading: 4-5 years
Business Location: CROYDON

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

Personal Guarantee - PG from Ms Mashonga

Est. Equity: 0.00

2nd Charge on Residential Property - Second priority legal charge over personally-owned residential property

Est. Equity: 0.00

Personal Guarantee - PG from Mr Mashonga

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

We are a registered Domiciliary Care provider, offering Community Supported Living to people living in the community, either with their families or in their own homes.

We offer support with personal care, as well as help and support for each person to learn new skills, develop independence, access other services and enjoy life as part of the community.

We provide home based support to individuals who are referred by Social Services or who are purchasing services through direct payment. or Individual Budget.

Each person has a Support Plan and an Activity Planner. Information includes personal care, learning opportunities, recreational, social, respite breaks, vocational and work activities.

We provide care and support services to the following Service User groups

  • Mental Health
  • Elderly people
  • People with physical disabilities
  • People with learning disabilities
  • People who require palliative care
  • People recently out of hospital and are recovering after a long illness.
  • Read more

    Loan Offers

    What is the loan for?

    We are expanding all the time as to the services we offer and have been offered the chance to move across to assisting with the care and supervising of minors who have both physical and learning difficulties. The contract would be to provide personnel to accompany them to medical and education appointments from a safeguarding point of view. We need to recruit staff, fully train them and and put in the regulatory framework to expand into this area. The returns, in comparison to cost equate to circa 30%-40% return on investment (dependant on whether the client is local authority or private client).

    Why consider investing?

    We rarely borrow monies, and only currently operate from a £10k overdraft facility. The business has never defaulted on any credit agreement.

    Security

    The loan is to be secured by personal guarantees form the directors.

    The directors have a combined net worth of £144k, from, equity in a property with an estimate value of £265k and and approx. £155k equity.

    DateAmountCapitalInterestReceived
    14/02/2015£604.47£355.03£249.44
    14/03/2015£604.47£358.20£246.27
    14/04/2015£604.47£361.39£243.08
    14/05/2015£604.47£364.61£239.86
    14/06/2015£604.47£367.86£236.61
    14/07/2015£604.47£371.13£233.34
    14/08/2015£604.47£374.44£230.03
    14/09/2015£604.47£377.77£226.70
    14/10/2015£604.47£381.14£223.33
    14/11/2015£604.47£384.54£219.93
    14/12/2015£216.51£0.00£216.51Interest only
    14/01/2016£216.51£0.00£216.51Interest only
    14/02/2016£604.47£387.96£216.51 (463 days late)
    14/03/2016£604.47£391.42£213.05 (463 days late)
    14/04/2016£604.47£394.90£209.57 (463 days late)
    14/05/2016£604.47£398.42£206.05 (466 days late)
    14/06/2016£604.47£401.97£202.50 (464 days late)
    14/07/2016£22,528.52£22,329.51£199.02 (456 days late)
    Total:£28,000.29£4,028.31