Caringlinks Ltd

Investment Requests for

Overview
Funds raised
£30,000
Final AER
13.82%
Loan Term
24
Completed:
08/07/2015
About the Business
Company Name: Caringlinks Ltd Company Number: 06466229
Business Type: Other Years Trading: 4-5 years
Business Location: LOUGHBOROUGH
About the Risk
Risk Rating: B

Default rate

8.5%

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 director and majority shareholde
Est. Equity: £0.00

Who are we?

Visit Our Website

Caring Links offer skilled care to enable people who live in their own homes to achieve their optimum state of health and well-being.

We treat all people who work for and are supported by Caring Links Ltd and all people who we visit with respect at all times.

Support individual choice and personal decision-making as the right of all service users.

Respect and encourage the right of independence of all service users.

Recognise the individual uniqueness of service users, and visitors, and treat them with dignity and respect at all times.

Respect individual requirement for privacy at all times and treat all information relating to individuals in a confidential manner.

Recognise the individual need for personal fulfilment and offer individualised programmes of meaningful activity to satisfy that need of service users..

Karen Bardoe the Director of Caring Links Ltd, has leveraged the years she has spent in the NHS and the Private Practice to model this business.Caring Links Ltd was a start-up managed by Karen Bardoe who has extensive experience in Nursing and Care, and has maintained an excellent reputation in this industry. Caring Links Ltd Domicillary Care Agency supplies Carers to a range of clients in their own homes. Carers supplied by Caring Links Ltd may be supplied for short ad hoc or temporary positions, or for longer-term contracts, working both full and part-time hours.

Caring Links currently contracts with Derby CCG providing end of life care to Service Users. We also have a contract as a preferred provider for Derbyshire County Council and private clients and visits service users at home to help with everyday tasks such as shopping, house work, preparing food and personal care.

READ MORE...

Details

Who are we?

Visit Our Website

Caring Links offer skilled care to enable people who live in their own homes to achieve their optimum state of health and well-being.

We treat all people who work for and are supported by Caring Links Ltd and all people who we visit with respect at all times.

Support individual choice and personal decision-making as the right of all service users.

Respect and encourage the right of independence of all service users.

Recognise the individual uniqueness of service users, and visitors, and treat them with dignity and respect at all times.

Respect individual requirement for privacy at all times and treat all information relating to individuals in a confidential manner.

Recognise the individual need for personal fulfilment and offer individualised programmes of meaningful activity to satisfy that need of service users..

Karen Bardoe the Director of Caring Links Ltd, has leveraged the years she has spent in the NHS and the Private Practice to model this business.Caring Links Ltd was a start-up managed by Karen Bardoe who has extensive experience in Nursing and Care, and has maintained an excellent reputation in this industry. Caring Links Ltd Domicillary Care Agency supplies Carers to a range of clients in their own homes. Carers supplied by Caring Links Ltd may be supplied for short ad hoc or temporary positions, or for longer-term contracts, working both full and part-time hours.

Caring Links currently contracts with Derby CCG providing end of life care to Service Users. We also have a contract as a preferred provider for Derbyshire County Council and private clients and visits service users at home to help with everyday tasks such as shopping, house work, preparing food and personal care.

READ MORE...

The loan is to assist with the business cashflow. Another factor inhibiting growth is employing care staff who drive but do not have a car or have unreliable cars, the company would like to purchase cars for carers to that end.

Furthermore, Caringlinks has just been awarded a contract with Derbyshire County , which commenced May 2015. To this end Caringlings will now have to recruit more staff and expand into larger offices. The loan will also contribute towards that expansion.

Loan Offers
Business Profile

What is the loan for?

The loan is to assist with the business cashflow. Another factor inhibiting growth is employing care staff who drive but do not have a car or have unreliable cars, the company would like to purchase cars for carers to that end.

Furthermore, Caringlinks has just been awarded a contract with Derbyshire County , which commenced May 2015. To this end Caringlings will now have to recruit more staff and expand into larger offices. The loan will also contribute towards that expansion.

Why consider investing?

The need for help at home will continue to increase as older people make up the fastest-growing section of the population. By 2031 almost one-quarter of the population will be over state pension age. The majority of these people will opt to stay in their own home and many will require home help services.The average life expectancy is increasing and so is the number of age-related diseases. Many individuals with age-related diseases wish to retain their independence by continuing to live in their own homes rather than moving to a retirement or care home. Because of this there is an increasing need for home care assistants to help these individuals.As our elderly population continues to grow, so does the demand for elderly care, meeting their diverse needs is one of the fastest growing businesses opportunities around. As the population greys and lives longer, the demand for the care of the elderly has become a priority.

According to the census bureau, the number of older adults will continue to grow faster than any other age segment. As their numbers grow, their families require help caring for their special needs. However, the elderly have resisted entering institutions which means adult care services at home is poised perfectly to assist the elderly as they continue to live at home.The largest group of users of this service is older people. Research by the charity Age UK (formerly known as Help the Aged) shows that 5% of people aged 65-69 make regular use of private help at home For those over the age of 85 this rises to 28% The Government has been criticised for offering too little financial support to start-ups in the industry, but there are emerging plans to provide more capital and incentive for entrepreneurs. CaringLinks is a business that has become necessary in today's fast-paced world.

Notes

As at March 2015 the directors have borrower £41k form the company

The directors were previously involved in a business, Quantum Training Services Limited, that went into liquidation. As a result of their personal liability for the debts of the company they currently have CCJ's against them, which are being paid off on a monthly basis.

Security

The loan is to be secured by way of Directors guarantee (backed by PG insurance) and an all Assets Debenture.

The directors have a combined net worth of £168k. This is through co ownership of a property with an estimated value of £170k and approximately £100k equity.

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