Funds Raised


Final AER


Loan term


Auction Closed


Micro Loan Opportunities
Buy Capital Seller's
Price Buyer's
£7.89 +1.00% £7.97 11.42%
£78.87 +3.44% £81.58 10.05%
£78.87 +3.75% £81.83 9.88%
£78.43 +3.00% £80.79 9.31%
£78.87 +5.00% £82.81 9.20%

About the Business

Company Name: B SMART PROPERTIES LTD Company Number: 09429907
Business Type: CONSTRUCTION Years Trading: 3-5 years
Business Location: Poole

About the Risk

Risk rating


Default rate


Bad debt rate


About the Security

Security Offered:

Personal Guarantee - PG from director Ben Butler

Est. Equity: 0.00

Property Charge - 2nd priority legal charge over a domestic property owned by the business

Est. Equity: 80000.00

Risk Indicators Identified:

Below Average Business Credit Rating
A 3rd party credit rating agency has indicated that this business is above average risk.
High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity
Low Quick Ratio Score
The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets

Important Files

Who are we?

This loan has benefited from a starting rate interest rate reduction due to the security offered, you can find out more information on this here


This is a property development business run by Ben Butler, which in the last two years has built three new houses and refurbished two more. One is held as an investment and one is sold subject to contract. The company is currently building a new house for completion in February and has bought another property with a building plot.

The company property assets and liabilities at present are:

1. Investment property: value £275k mortgage £202k. (rent £1k pm)

2. House sold STC for £250k debt £200k (will be cleared on sale)

3. Current development value £250k debt £50k a further £50k is agreed to finish the house which will be completed by February and offered for sale at £340k

4. New property with building plot. Purchase price £320k, mortgage £205k. The plan is for the existing property to be refurbished and sold for £250k and a new property built in the garden. Build costs are £100k and the estimated sale price £265k. Full planning is in place.

Read more

Loan Offers

What is the loan for?

The loan is required for flexibility. There is usually very strong demand for single building plots and therefore Ben has to react quickly to secure good deals. A business loan will enable him to have this flexibility.

Until recently Ben has borrowed from his mother but she is moving house and her funds will be tied up.

Whilst the borrower has excellent relationships with existing funders, they are often slow to react. This loan will give Ben the working capital to take advantage of upcoming good deals as well as help to fund existing developments pending drawdowns from the lender. Such existing developments can often be delayed whilst Surveyors reports are produced. An example of such a delay in the receipt of funds has been in the house (No. 2) sold STC. There is a buyer who is very keen to move in but the sale is under the government's "right to buy" scheme which has presented lengthy delays.

Why consider investing?

This is a growing business which is very profitable. Importantly profits were retained in the business. Ben Butler is a young, extremely committed, hard working builder who is experienced and has built some very desirable property. There are very good profitable new builds in the pipeline


This loan is to be secured by way of a Personal Guarantee and a charge over property.

A Personal Guarantee is being provided by the company's sole director, Ben Butler. Mr Butler is not a homeowner.

A second priority legal charge will be taken over a property owned by the business. The property, a 2 bedroom semi-detached house, is currently valued at £290,000 by online estimates. There is one existing charge, a mortgage with £202,000 outstanding. This leaves an estimated £80,000 equity to be covered by our charge.

27/11/2018£742.85£436.23£306.62 (7 days late)
27/09/2019£742.85£481.43£261.42Not Due
27/10/2019£742.85£486.19£256.66Not Due
27/11/2019£742.85£491.01£251.84Not Due
27/12/2019£742.85£495.87£246.98Not Due
27/01/2020£742.85£500.79£242.06Not Due
27/02/2020£742.85£505.75£237.10Not Due
27/03/2020£742.85£510.76£232.09Not Due
27/04/2020£742.85£515.82£227.03Not Due
27/05/2020£742.85£520.93£221.92Not Due
27/06/2020£742.85£526.09£216.76Not Due
27/07/2020£742.85£531.30£211.55Not Due
27/08/2020£742.85£536.56£206.29Not Due
27/09/2020£742.85£541.88£200.97Not Due
27/10/2020£742.85£547.25£195.60Not Due
27/11/2020£742.85£552.67£190.18Not Due
27/12/2020£742.85£558.14£184.71Not Due
27/01/2021£742.85£563.67£179.18Not Due
27/02/2021£742.85£569.26£173.59Not Due
27/03/2021£742.85£574.90£167.95Not Due
27/04/2021£742.85£580.59£162.26Not Due
27/05/2021£742.85£586.34£156.51Not Due
27/06/2021£742.85£592.15£150.70Not Due
27/07/2021£742.85£598.02£144.83Not Due
27/08/2021£742.85£603.94£138.91Not Due
27/09/2021£742.85£609.92£132.93Not Due
27/10/2021£742.85£615.97£126.88Not Due
27/11/2021£742.85£622.07£120.78Not Due
27/12/2021£742.85£628.23£114.62Not Due
27/01/2022£742.85£634.45£108.40Not Due
27/02/2022£742.85£640.74£102.11Not Due
27/03/2022£742.85£647.09£95.76Not Due
27/04/2022£742.85£653.50£89.35Not Due
27/05/2022£742.85£659.97£82.88Not Due
27/06/2022£742.85£666.51£76.34Not Due
27/07/2022£742.85£673.11£69.74Not Due
27/08/2022£742.85£679.78£63.07Not Due
27/09/2022£742.85£686.51£56.34Not Due
27/10/2022£742.85£693.32£49.53Not Due
27/11/2022£742.85£700.18£42.67Not Due
27/12/2022£742.85£707.12£35.73Not Due
27/01/2023£742.85£714.12£28.73Not Due
27/02/2023£742.85£721.20£21.65Not Due
27/03/2023£742.85£728.34£14.51Not Due
27/04/2023£742.85£735.56£7.29Not Due