BOOTH SMITH FOOD TECHNOLOGY LIMITED

Manufacturing

Funds Requested

£27,200.00

Offered so far

£0.00

Loan term

36 MONTHS

Auction Closed

2017-07-04

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About the Business

Company Name: BOOTH SMITH FOOD TECHNOLOGY LIMITED Company Number: 07251780
Business Type: Manufacturing Years Trading: More than 10 years
Business Location: derby

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

Personal Guarantee - Brian Smith

Est. Equity: 580000.00

Risk Indicators Identified:

High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity
Marginal Growth
This company has shown low levels of growth over recent financial reporting periods
Notable Dividends Taken
More than 50% of Net Profit has been taken as dividends within at least one of the assessed periods
Decreasing turnover
Recent financial reports indicate that this business has experienced declining turnover

Important Files

Who are we?

Booth Smith Food Technology Ltd is an independent British Food Industry Consultancy and is the longest established business of its type. It is regarded by many as the UK's senior private specialist consultancy of its type. With a main office in Derbyshire and sub-contracting many of its specialist services, founding Partner Brian Smith is still at the helm and personally providing ongoing services and expertise.

We provide food technology advice and hands-on help, plan marketing strategy, develop new food products, design food process plants, install quality management and manage food projects.

Booth Smith technologists have been developing new food products in most sectors of the food industry for over 40 years.

We help established food company owners and start-up entrepreneurs and investors in UK and abroad to move from product concept through each stage to commercial launch. The services include all technical and support resources, designing, testing and managing new process installations or organising contract manufacture, market strategy, design & branding, seeking investment and now includes a sales service to your customers’ display.

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Loan Offers

What is the loan for?

Providing Capital for reducing borrowings and providing cash flow in lead up to expected income from three main sources or projects:

1) A US$50 million ready meals plant to be built in Saudi Arabia for KSA investors who paid BSFT to undertake pre-feasibility and market study during 2016

2) Project for design of new preserves factory (£GB£2-3 million est) plus usual ad hoc work and enquiries from web-site www.foodtechnology.co.uk and expert witness work

3) Participation in design, building and marketing of new British Bakery Cutting Machine with global market expectations in excess of GB£10 million p.a. with 2-3 years.

Why consider investing?

With General level of BSFT enquiries being maintained and with income from just one of the two large projects described then income in excess of GB£500,000 in 2017-18 is entirely feasible.

Security

This loan is to be secured by way of a Personal Guarantee provided by the director and shareholder, Mr Brian Smith.

Mr Smith has an estimated net worth of £580,000. This is derived from ownership of a property with an estimated value of £650,000, with £605,000 estimated equity. The estimated value is derived from online estimates taken on the day of the listing, from a guide listing price of £655,000 in March 2014. Also attached to the listing is an independent valuation report for the property which in January 2013 valued the property at £500,000.

DateAmountCapitalInterestReceived
05/08/2017£952.54£596.18£356.37
05/09/2017£952.54£603.99£348.56
05/10/2017£952.54£611.90£340.64
05/11/2017£952.54£619.92£332.63
05/12/2017£952.54£628.04£324.50
05/01/2018£952.54£636.27£316.28
05/02/2018£952.54£644.60£307.94
05/03/2018£299.49£0.00£299.49Interest only
05/04/2018£299.49£0.00£299.49Interest only
05/05/2018£952.54£653.05£299.49 (73 days late)
05/06/2018£952.54£661.61£290.94 (42 days late)
05/07/2018£952.54£670.27£282.27 (12 days late)
05/08/2018£21,147.47£20,873.92£273.55
05/09/2018£0.00£0.00£0.00
05/10/2018£0.00£0.00£0.00
05/11/2018£0.00£0.00£0.00
05/12/2018£0.00£0.00£0.00
05/01/2019£0.00£0.00£0.00
05/02/2019£0.00£0.00£0.00
05/03/2019£0.00£0.00£0.00
05/04/2019£0.00£0.00£0.00
05/05/2019£0.00£0.00£0.00
05/06/2019£0.00£0.00£0.00
05/07/2019£0.00£0.00£0.00
05/08/2019£0.00£0.00£0.00
05/09/2019£0.00£0.00£0.00
05/10/2019£0.00£0.00£0.00
05/11/2019£0.00£0.00£0.00
05/12/2019£0.00£0.00£0.00
05/01/2020£0.00£0.00£0.00
05/02/2020£0.00£0.00£0.00
05/03/2020£0.00£0.00£0.00
05/04/2020£0.00£0.00£0.00
05/05/2020£0.00£0.00£0.00
05/06/2020£0.00£0.00£0.00
05/07/2020£0.00£0.00£0.00
05/08/2020£0.00£0.00£0.00
05/09/2020£0.00£0.00£0.00
Total:£27,199.75£4,072.15