LONDON HOUSE INTERNATIONAL LIMITED

Business Services

Funds Requested

£40,000.00

Offered so far

£0.00

Loan term

12 MONTHS

Auction Closed

2013-08-26

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

About the Business

Company Name: LONDON HOUSE INTERNATIONAL LIMITED Company Number: 03042243
Business Type: Business Services Years Trading: more than 10 years
Business Location: Milton Keynes

About the Risk

Risk rating

C

Default rate

13.00%

Bad debt rate

5.33%

About the Security

Security Offered:

1st Charge Residential Property

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

A specialist in financial & commercial investigations, London House was established in 1995 and now has an extensive national network of offices in the UK and an agency network throughout Europe and other parts of the world. We provide a comprehensive range of investigative services to a blue chip client base that includes many of the UK’s, and overseas, major financial and legal institutions. The company now has enormous potential in the debt collection and asset recovery sectors where it already has a pedigree and client base and is therefore positioned well to deliver healthy growth in the near term.

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Loan Offers

What is the loan for?

The company has been recently acquired by one of its franchisees and now requires a working capital facility whilst alternative bankers and/or funding is sought to refinance the loan and provide further capacity.

Why consider investing?

London House is a strong business operating in a fast growing market - debt recovery. The new team having taken over the business has a good track record in finance, sales and franchising and the existing franchisee base has welcomed the change of ownership. The previous owners retired but remain involved to assist. Whilst losses have been reported for the prior and current year to date, there have been a number of significant, one off costs incurred in those periods. Most notable of which are retiring director costs and professional fees associated with the purchase of the franchisor. Adding these costs back, would have seen the prior year reported as a profit and the current year to date as close to break even. Please note, accounts for the year ended April 2013 have not yet been filed at Companies House. They will be filed shortly.

DateAmountCapitalInterestReceived
03/10/2013£3,691.04£3,173.00£518.04
03/11/2013£3,691.04£3,201.30£489.74
03/12/2013£3,691.04£3,229.84£461.20
03/01/2014£3,691.04£3,258.64£432.40
03/02/2014£3,691.04£3,287.70£403.34
03/03/2014£3,691.04£3,317.01£374.03
03/04/2014£3,691.04£3,346.59£344.45
03/05/2014£3,691.04£3,376.43£314.61
03/06/2014£3,691.04£3,406.54£284.50
03/07/2014£3,691.04£3,436.91£254.13
03/08/2014£3,691.04£3,467.56£223.48
03/09/2014£3,691.04£3,498.48£192.56
Total:£40,000.00£4,292.48