C J Holmes and Sons Ltd

Construction

Funds Raised

£50,000.00

Final AER

19.23%

Loan term

60 MONTHS

Auction Closed

2015-06-14

Recovery News
This loan may be behind with its repayment schedule and so microloan trading has been suspended while we work to help the business recover its repayment form. Please see the Loan Updates tab for recent updates.

About the Business

Company Name: C J Holmes and Sons Ltd Company Number: 08718429
Business Type: Construction Years Trading: 2-3 years
Business Location: SKEGNESS

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

Personal Guarantee - PG from director and majority shareholder

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

CJ Holmes and Son are a family company based in Lincolnshire established for over 20 Years providing groundwork services to local Business Including Leisure, commercial, construction and domestic.

• Demolition

• Earthmoving

• Civil Engineering

• Caravan Sites - Including Infrastructure road ways, drainage, and Individual Concrete Bases

• Irrigation

• Lake and reservoir construction

• Plant Hire

Caravan Sites.

CJ Holmes and Sons analyse the whole process identifying any potential problems along with calculating an appropriate solution, before they interfere with the programme of works. We find that this proactive approach increases our ability to delivery civils projects on time and within budget. Over the last 20 years we have developed a strong reputation for relieving the workload on the main contractor, enabling them to concentrate on other aspects of the project.

The company undertake all kinds of groundwork on Caravan Sites including the provision of new road ways, caravan site drainage, fishing lake construction, individual concrete bases and much more.

Lake & Irrigation Services

CJ Holmes and Sons analyse the whole process identifying any potential problems along with calculating an appropriate solution, before they interfere with the programme of works. We find that this proactive approach increases our ability to delivery civils projects on time and within budget. Over the last 20 years we have developed a strong reputation for relieving the workload on the main contractor, enabling them to concentrate on other aspects of the project.

The company specialise in the installation and supply of irrigation systems and products from major manufacturers such as rain bird and Hunter which assures you of quality products.

Civil Engineering

Civil Engineering projects often mean bringing together different contractors and then welding them into a team – just for the project due to the size. When working with CJ Holmes and Sons you can rely on a team of specialists who are familiar with this situation and have a profound record in working successfully with a wide variety of different types of engineers on all kinds of project, from consultation to completion.

Our experts can:

• Interpret structural, GPRS and CCTV surveys

• Work with all types of ground condition

• Install drainage and piling schemes

• Carry out excavations for basements

• Construct bund walls for hazardous storage

• Install substructures for large projects

• Provide landscaping and access roads

• Refurbishment of Industrial Warehousing

• Groundworks and Construction of Steel Framed Warehousing

Chris Holmes, aged 47 has been in business for 19 years growing up in a family with strong links to the local community stretching back generations.

Chris has wide experience in all of the above specialist areas working on many projects throughout the UK.

Recent contract wins from local authorities are an exciting opportunity enabling the company solid foundations from which to expand into larger projects and ongoing maintenance contracts.

Chris is a family man he and his partner Tracey have a young family. Chris grew up in the local area and has an excellent reputation on both a professional and community level

Read more

Loan Offers

What is the loan for?

The company has recently won an important tender from the local authority. A copy of this has been sent to and verified by ReBS, although because of the sensitive nature cannot be uploaded. This will increase our turnover by over £150k this year and is a highly profitable contract. On the back of this we have more enquiries and requests to tender.

We require the funds to cover initial wages and materials ahead of first payment together with the purchase of new equipment, and then ongoing assist with cash flow as we grow the business.

Why consider investing?

Whilst only incorporated for a short time, the company has been established for over 20 years and has a great reputation. We have won a number of new tenders recently and are growing well.

We have also never defaulted on any loan or credit agreement. The increased turnover, together with profitable new contract will ensure that the loan is affordable.

Notes

The financial statements for the periods ending March 2013 and December 2013 relate to trading activity of Mr C J Holmes when the entity was a sole trader and not a limited company. Only the accounts for the 18 month period ended 31 March 2015 are for the incorporated entity C J Holmes and Sons Ltd.

Please note the unusual accounting period in the Financials listed for this business. This is due to the business sole trader to Limited company status.

The director has a loan from the company at March 2015 of £50,000.

Security

The loan is to be secured by way of 2 Director Guarantee's.

The Directors have a combined est. net worth of £145k. This is through co-ownership of a property with an estimate value of £225k and equity of approx. £148k

DateAmountCapitalInterestReceived
15/07/2015£1,303.36£502.11£801.25
15/08/2015£1,303.36£510.16£793.20
15/09/2015£1,303.36£518.34£785.02
15/10/2015£1,303.36£526.64£776.72
15/11/2015£1,303.36£535.08£768.28
15/12/2015£1,303.36£543.66£759.70
15/01/2016£1,303.36£552.37£750.99
15/02/2016£1,303.36£561.22£742.14
15/03/2016£1,303.36£570.21£733.15
15/04/2016£1,303.36£579.35£724.01
15/05/2016£1,303.36£588.63£714.73
15/06/2016£1,303.36£598.07£705.29
15/07/2016£1,303.36£607.65£695.71
15/08/2016£1,303.36£617.39£685.97
15/09/2016£1,303.36£627.28£676.08
15/10/2016£1,303.36£637.34£666.02
15/11/2016£1,303.36£647.55£655.81
15/12/2016£1,303.36£657.93£645.43
15/01/2017£1,303.36£668.47£634.89
15/02/2017£1,303.36£679.18£624.18
15/03/2017£1,303.36£690.06£613.30
15/04/2017£1,303.36£701.12£602.24
15/05/2017£1,303.36£712.36£591.00
15/06/2017£1,303.36£723.77£579.59
15/07/2017£1,303.36£735.37£567.99
15/08/2017£1,303.36£747.16£556.20
15/09/2017£1,303.36£759.13£544.23
15/10/2017£1,303.36£771.30£532.06
15/11/2017£1,303.36£783.66£519.70
15/12/2017£1,303.36£796.21£507.15
15/01/2018£1,303.36£808.97£494.39
15/02/2018£1,303.36£821.94£481.42
15/03/2018£1,303.36£835.11£468.25 (21 days late)
15/04/2018£1,303.36£848.49£454.87
15/05/2018£1,303.36£862.09£441.27
15/06/2018£1,303.36£875.90£427.46
15/07/2018£1,303.36£889.94£413.42
15/08/2018£1,303.36£904.20£399.16370 days overdue
15/09/2018£1,303.36£918.69£384.67339 days overdue
15/10/2018£1,303.36£933.41£369.95309 days overdue
15/11/2018£1,303.36£948.37£354.99278 days overdue
15/12/2018£1,303.36£963.57£339.79248 days overdue
15/01/2019£1,303.36£979.01£324.35217 days overdue
15/02/2019£1,303.36£994.70£308.66186 days overdue
15/03/2019£1,303.36£1,010.64£292.72158 days overdue
15/04/2019£1,303.36£1,026.83£276.53127 days overdue
15/05/2019£1,303.36£1,043.29£260.0797 days overdue
15/06/2019£1,303.36£1,060.01£243.3566 days overdue
15/07/2019£1,303.36£1,076.99£226.3736 days overdue
15/08/2019£1,303.36£1,094.25£209.115 days overdue
15/09/2019£1,303.36£1,111.79£191.57Not Due
15/10/2019£1,303.36£1,129.60£173.76Not Due
15/11/2019£1,303.36£1,147.71£155.65Not Due
15/12/2019£1,303.36£1,166.10£137.26Not Due
15/01/2020£1,303.36£1,184.78£118.58Not Due
15/02/2020£1,303.36£1,203.77£99.59Not Due
15/03/2020£1,303.36£1,223.06£80.30Not Due
15/04/2020£1,303.36£1,242.66£60.70Not Due
15/05/2020£1,303.36£1,262.57£40.79Not Due
15/06/2020£1,303.36£1,282.81£20.55Not Due
Total:£50,000.01£28,201.59