Aspirations Apprenticeships and Training Ltd

Investment Requests for Ncfe Registered Training Provider

Overview
Funds raised
£100,000
Final AER
19.43%
Loan Term
36
Completed:
12/06/2015
About the Business
Company Name: ASPIRATIONS APPRENTICESHIPS AND TRAINING LTD Company Number: 08097461
Business Type: Education Years Trading: 2-3 years
Business Location: BEWSEY STREET
About the Risk
Risk Rating: C

Default rate

17.0%

Bad debt rate

0.14%

About the Security
Security Offered:
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All Assets Debenture - Fixed and floating charge created over all assets of applicant company
Est. Equity: £0.00

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Personal Guarantee - PG from Chris Bateman
Est. Equity: £0.00

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Personal Guarantee - PG from Yvonne Lalley
Est. Equity: £0.00

Important Files
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Who are we?

Aspirations Apprenticeships and Training Ltd is a registered training centre with the NCFE national Awarding Organisation and have successfully entered the Register of Training Organisations (ROTO). Currently a sub-contractor for Birmingham Metropolitan College in our 4th academic year with a success rate of 98 %

Our organisation prides itself on quality and this is reflected in us receiving a Grade 1 from NCFE for our registration as a training centre.

Our USP is providing qualified trainers who have experience in engaging hard to reach / marginalised sections of the populace i.e. disadvantaged families, individuals with drug and alcohol problems and people at risk of offending or re-offending.

Over the years the company expanded and put more emphasis on provision for young people and adults, concentrating on those that are the most disadvantaged and hard to engage, offering employability training and progression. The company is in the process of development with a view to offer an increasing number of apprenticeships.v

We offer bespoke packages of training in England. As an accredited sub-contractor for Birmingham Metropolitan College, we deliver an extensive range of training for various disciplines.

READ MORE...

Details

Who are we?

Aspirations Apprenticeships and Training Ltd is a registered training centre with the NCFE national Awarding Organisation and have successfully entered the Register of Training Organisations (ROTO). Currently a sub-contractor for Birmingham Metropolitan College in our 4th academic year with a success rate of 98 %

Our organisation prides itself on quality and this is reflected in us receiving a Grade 1 from NCFE for our registration as a training centre.

Our USP is providing qualified trainers who have experience in engaging hard to reach / marginalised sections of the populace i.e. disadvantaged families, individuals with drug and alcohol problems and people at risk of offending or re-offending.

Over the years the company expanded and put more emphasis on provision for young people and adults, concentrating on those that are the most disadvantaged and hard to engage, offering employability training and progression. The company is in the process of development with a view to offer an increasing number of apprenticeships.v

We offer bespoke packages of training in England. As an accredited sub-contractor for Birmingham Metropolitan College, we deliver an extensive range of training for various disciplines.

READ MORE...

The funding is required to expand the business and take Aspirations to the next level.

We have additional colleges looking to award us extra funding and we have access to even more funding for our apprenticeships program. We are now in our 3rd year of trading and have built an enviable client base of companies, with a strong emphasis in sectors that the government are keen to support, These include charities, homeless, unemployed, as well as social care sectors such as children's residential care and elderly and dementia care units. We are taking on a new and very experienced operations director, who has held her last two positions in Bmet and manchester college. Money is required for new employees and sales and marketing budget. Our anticipated net profit for 2015/2016 academic year is circa £400k

Loan Offers
Business Profile

What is the loan for?

The funding is required to expand the business and take Aspirations to the next level.

We have additional colleges looking to award us extra funding and we have access to even more funding for our apprenticeships program. We are now in our 3rd year of trading and have built an enviable client base of companies, with a strong emphasis in sectors that the government are keen to support, These include charities, homeless, unemployed, as well as social care sectors such as children's residential care and elderly and dementia care units. We are taking on a new and very experienced operations director, who has held her last two positions in Bmet and manchester college. Money is required for new employees and sales and marketing budget. Our anticipated net profit for 2015/2016 academic year is circa £400k

Why consider investing?

Our short courses and apprenticeships are 100% government funded. We deliver the training free of charge to companies and charities, and get paid from the Skills funding agency, via large partners such as Birmingham metropolitan college.

We have an excellent track record of achievement and have passed the Government gateway due diligence to accept government funding. We have already started provisionally booked in clients for this next academic year and anticipate a turnover in excess of £1m. To pass the government due diligence process and colleges, we have to have excellent financial stability and directors must also have excellent financial standing.

Security

The loan is to be secured by way of a Directors Guarantee, a 3rd Party Guarantee and an all assets debenture

The director has an estimate net worth of £42,600. This is primarily through ownership of a property with an estimate value of £200k and equity of approximately £46k

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