ASPIRATIONS APPRENTICESHIPS AND TRAINING LTD

Education

Funds Requested

£100,000.00

Offered so far

£0.00

Loan term

36 MONTHS

Auction Closed

2015-06-12

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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

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

All Assets Debenture - Fixed and floating charge created over all assets of applicant company

Est. Equity: 0.00

Personal Guarantee - PG from Chris Bateman

Est. Equity: 0.00

Personal Guarantee - PG from Yvonne Lalley

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

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

Loan Offers

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

DateAmountCapitalInterestReceived
15/07/2015£3,687.38£2,068.21£1,619.17
12/08/2015£3,687.38£2,101.70£1,585.68
15/09/2015£3,687.38£2,135.73£1,551.65
14/10/2015£3,687.38£2,170.31£1,517.07
15/11/2015£3,687.38£2,205.45£1,481.93
14/12/2015£3,687.38£2,241.16£1,446.22
15/01/2016£3,687.38£2,277.45£1,409.93
15/02/2016£3,687.38£2,314.33£1,373.05
14/03/2016£3,687.38£2,351.80£1,335.58
15/04/2016£3,687.38£2,389.88£1,297.50
14/05/2016£3,687.38£2,428.57£1,258.81
15/06/2016£3,687.38£2,467.90£1,219.48
15/07/2016£3,687.38£2,507.86£1,179.52
13/08/2016£3,687.38£2,548.46£1,138.92
15/09/2016£3,687.38£2,589.73£1,097.65
14/10/2016£3,687.38£2,631.66£1,055.72
15/11/2016£3,687.38£2,674.27£1,013.11
14/12/2016£3,687.38£2,717.57£969.81
15/01/2017£3,687.38£2,761.57£925.81
15/02/2017£3,687.38£2,806.29£881.09
14/03/2017£3,687.38£2,851.73£835.65
15/04/2017£3,687.38£2,897.90£789.48
14/05/2017£3,687.38£2,944.82£742.56
15/06/2017£3,687.38£2,992.50£694.88
15/07/2017£3,687.38£3,040.96£646.42
12/08/2017£3,687.38£3,090.19£597.19
15/09/2017£3,687.38£3,140.23£547.15
14/10/2017£3,687.38£3,191.08£496.30
15/11/2017£3,687.38£3,242.74£444.64
14/12/2017£3,687.38£3,295.25£392.13
15/01/2018£3,687.38£3,348.61£338.77
15/02/2018£3,687.38£3,402.83£284.55
14/03/2018£229.46£0.00£229.46Interest only
14/04/2018£229.46£0.00£229.46Interest only
14/05/2018£229.46£0.00£229.46Interest only
14/06/2018£229.46£0.00£229.46Interest only
14/07/2018£229.46£0.00£229.46Interest only
14/08/2018£229.46£0.00£229.46Interest only
14/09/2018£229.46£0.00£229.46Interest only
14/10/2018£3,687.38£3,457.92£229.46 (45 days late)
15/11/2018£3,687.38£3,513.91£173.47
14/12/2018£7,207.67£7,090.96£116.71
15/01/2019£0.00£0.00£0.00
Total:£99,891.53£34,293.28