APPS MASTER LIMITED

Technology

Funds Raised

£26,580.00

Final AER

16.34%

Loan term

60 MONTHS

Auction Closed

2017-04-27

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£6.82 +1.50% £6.92 15.91%
£6.77 +3.00% £6.97 13.86%
£6.77 +10.00% £7.44 9.18%
£6.77 +12.50% £7.61 7.61%
£27.28 +15.00% £31.38 7.03%

About the Business

Company Name: APPS MASTER LIMITED Company Number: 07640010
Business Type: Technology Years Trading: 3-5 years
Business Location: WEMBLEY

About the Risk

Risk rating

B

Default rate

6.80%

Bad debt rate

5.58%

About the Security

Security Offered:

All Assets Debenture - Fixed and floating charge over all assets of the applicant business

Est. Equity: 0.00

Personal Guarantee - PG from sole Director, Mr Iqbal

Est. Equity: 0.00

Risk Indicators Identified:

Low Security Coverage
The security offered on this loan is below desirable levels
High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity

Important Files

Who are we?

We are an ICT solutions provider company based in London, specialising in the supply of software and hardware. Our activities include wholesale of computers, computer peripheral equipment and web applications.

We have been trading over 5 years and have developed a good customer base. Over this period we have seen growth in the business.

We are growth-focused and want to peruse the trade contract opportunities in the market. Our team have over 15 years of experience in the IT sector and with ever-growing market size, the business want to expand its portfolio of services and supplies.

Read more

Loan Offers

What is the loan for?

We would like to raise funding for the growth and expansion of the business. The funding will enable us to increase our stock, give us better buying power and develop our marketing.

Why consider investing?

We have been trading for 5 years in the UK and have seen positive growth in the business.

The company plans to expand by investing in the business, marketing and expanding its domain by launching the new product in to the UK marketplace.

This much-needed finance will support the growth and expansion plans.

Security

This loan is to be secured by way of a Personal Guarantee provided by the Director, Mr Iqbal, and an all-assets debenture over the applicant business. Mr Iqbal is not a homeowner, and as a result the PG can be described as being backed with insufficient realisable assets to be confident of a recovery dividend from bankruptcy. It would be useful mainly as a tool to bring a debtor to the table or by way of an income payment order should we need to proceed to bankruptcy.

In addition to the PG, a debenture will also be provided. The debenture will be first priority and will cover all of the assets of the business.

DateAmountCapitalInterestReceived
30/05/2017£651.03£289.28£361.75
30/06/2017£651.03£293.22£357.81
30/07/2017£651.03£297.21£353.82
30/08/2017£651.03£301.25£349.78
30/09/2017£651.03£305.36£345.67
30/10/2017£651.03£309.51£341.52
30/11/2017£651.03£313.73£337.30
30/12/2017£651.03£318.00£333.03
30/01/2018£651.03£322.33£328.70
28/02/2018£324.31£0.00£324.31Interest only
28/03/2018£651.03£326.72£324.31 (57 days late)
30/04/2018£319.87£0.00£319.87Interest only
30/05/2018£651.03£331.16£319.87
30/06/2018£651.03£335.67£315.36
30/07/2018£651.03£340.24£310.79
30/08/2018£651.03£344.87£306.16
30/09/2018£651.03£349.57£301.46
30/10/2018£651.03£354.33£296.70
30/11/2018£651.03£359.15£291.88
30/12/2018£651.03£364.04£286.99
30/01/2019£651.03£369.00£282.03
28/02/2019£651.03£374.02£277.01
28/03/2019£651.03£379.11£271.92
28/04/2019£651.03£384.27£266.76
30/05/2019£651.03£389.51£261.52
30/06/2019£651.03£394.81£256.22
30/07/2019£651.03£400.18£250.85 (23 days late)
30/08/2019£651.03£405.63£245.4018 days overdue
30/09/2019£651.03£411.15£239.88Not Due
30/10/2019£651.03£416.75£234.28Not Due
30/11/2019£651.03£422.43£228.60Not Due
30/12/2019£651.03£428.18£222.85Not Due
30/01/2020£651.03£434.01£217.02Not Due
29/02/2020£651.03£439.92£211.11Not Due
29/03/2020£651.03£445.90£205.13Not Due
29/04/2020£651.03£451.97£199.06Not Due
30/05/2020£651.03£458.13£192.90Not Due
30/06/2020£651.03£464.37£186.66Not Due
30/07/2020£651.03£470.69£180.34Not Due
30/08/2020£651.03£477.10£173.93Not Due
30/09/2020£651.03£483.59£167.44Not Due
30/10/2020£651.03£490.17£160.86Not Due
30/11/2020£651.03£496.85£154.18Not Due
30/12/2020£651.03£503.61£147.42Not Due
30/01/2021£651.03£510.47£140.56Not Due
28/02/2021£651.03£517.42£133.61Not Due
28/03/2021£651.03£524.46£126.57Not Due
28/04/2021£651.03£531.60£119.43Not Due
30/05/2021£651.03£538.84£112.19Not Due
30/06/2021£651.03£546.18£104.85Not Due
30/07/2021£651.03£553.61£97.42Not Due
30/08/2021£651.03£561.15£89.88Not Due
30/09/2021£651.03£568.79£82.24Not Due
30/10/2021£651.03£576.53£74.50Not Due
30/11/2021£651.03£584.38£66.65Not Due
30/12/2021£651.03£592.34£58.69Not Due
30/01/2022£651.03£600.40£50.63Not Due
28/02/2022£651.03£608.57£42.46Not Due
28/03/2022£651.03£616.86£34.17Not Due
28/04/2022£651.03£625.26£25.77Not Due
30/05/2022£651.03£633.77£17.26Not Due
30/06/2022£651.03£642.40£8.63Not Due
Total:£26,580.00£13,125.98