GRA PROJECT MANAGEMENT LTD

Construction

Funds Requested

£50,000.00

Offered so far

£0.00

Loan term

12 MONTHS

Auction Closed

2013-04-10

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

About the Business

Company Name: GRA PROJECT MANAGEMENT LTD Company Number: 07719227
Business Type: Construction Years Trading: 2-3 years
Business Location: NORFOLK

About the Risk

Risk rating

B

Default rate

6.90%

Bad debt rate

5.67%

About the Security

Security Offered:

All Assets Debenture

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

We are a civil engineering contractor, working for some of the biggest names in construction. Nationally this includes Balfour Beatty and regionally this is R G Carters working with Tesco. We have secured circa £1.5m packages with each company for work starting in April this year.

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Loan Offers

What is the loan for?

We need a cash injection for start-up and early set up costs for this particular job. We also have to employ more people and run the company for 65 days before our first payment is due.

Why consider investing?

We have a proven track record, with experienced senior staff and workers, and pride ourselves on being the successful bidder on the prestigious A11 for Balfour Beatty, a contract worth £1.5m on a plant and labour basis. This contract is live for 18 months. We also have been awarded a part of the new Tesco Superstore in Kings Lynn. Recently, we secured the groundworks on the new Tesco Store at Sheringham, worth around £1m. With this amount of work with established contractors for which I have a proven track record, I'm optimistic for the future of the business.

DateAmountCapitalInterestReceived
16/05/2013£4,626.94£3,801.94£825.00
16/06/2013£4,626.94£3,864.67£762.27
16/07/2013£4,626.94£3,928.43£698.51
16/08/2013£4,626.94£3,993.25£633.69
16/09/2013£4,626.94£4,059.14£567.80
16/10/2013£4,626.94£4,126.12£500.82
16/11/2013£4,626.94£4,194.20£432.74
16/12/2013£4,263.40£4,263.40£0.00
16/01/2014£4,333.75£4,333.75£0.00
16/02/2014£4,405.26£4,405.26£0.00
16/03/2014£4,477.94£4,477.94£0.00
16/04/2014£4,551.83£4,551.83£0.00
Total:£49,999.93£4,420.83