MILLBAK LIMITED

Funds Requested

£14,271.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

N/A

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

About the Business

Company Name: MILLBAK LIMITED Company Number: 07044763
Business Type: Years Trading: 2-3 years
Business Location: London

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

Risk Indicators Identified:

Important Files

Who are we?

We provide SIPP complaint FCA-regulated property investments in the following sectors: care homes, hotels, storage, business parks and student accommodation, all in the UK. Investors acquire rooms on long leases with a guaranteed return and an exit strategy. Pension fund holders and cash investors receive average returns of 10%.

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Loan Offers

What is the loan for?

We have a brand called 'Invest in Rooms'. This is a business to consumer concept that requires marketing for Google Ad Words, SEO and PR through broadcast and written media. We have a test site (www.investinrooms.com) ready to launch.

Why consider investing?

We are a SIPP compliant company. We're highly regarded in the sector, as professional and trustworthy. Until now all our business has been conducted through IFAs and agents, while Google analytics shows high search volumes for our style of property investments, so there is demand in the market. We offer rooms to investors with average returns of 10%, while an exit strategy repays investors. We can increase our turnover x 10 by selling directly to consumers. Our commission, paid in full on exchange of contracts, is circa 10% + per transaction.

DateAmountCapitalInterestReceived
14/05/2019£1,128.82£930.51£198.30
14/06/2019£1,128.82£943.44£185.38
14/07/2019£12,569.98£12,397.72£172.26
14/08/2019£0.00£0.00£0.00
14/09/2019£0.00£0.00£0.00
14/10/2019£0.00£0.00£0.00
14/11/2019£0.00£0.00£0.00
14/12/2019£0.00£0.00£0.00
14/01/2020£0.00£0.00£0.00
14/02/2020£0.00£0.00£0.00
14/03/2020£0.00£0.00£0.00
14/04/2020£0.00£0.00£0.00
14/05/2020£0.00£0.00£0.00
14/06/2020£0.00£0.00£0.00
Total:£14,271.67£555.94