Chancery Construction Limited

Investment Requests for Funds to Complete an Ongoing Project

Overview
Funding Required
£106,200
Offered so far
£4,980
Loan Term
48
Deadline:
03/04/2019
About the Business
Company Name: CHANCERY CONSTRUCTION LIMITED Company Number: 04268660
Business Type: CONSTRUCTION Years Trading: More than 10 years
Business Location: London
About the Risk
Risk Rating: A+

Default rate

0.0%

Bad debt rate

0.00%

About the Security
Security Offered:
content
Personal Guarantee - PG from Mr Reza Beygi (£0 value assigned as a property charge is also offered)
Est. Equity: £0.00

content
Property Charge - First priority charge over the director\'s personal residence
Est. Equity: £600000.00

Important Files
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Who are we?

We are Chancery Construction Limited, an innovative construction company that specialises in providing construction, refurbishment and remodelling services within the United Kingdom. We have been in operation for almost two decades and have developed a healthy client list in and around the UK. We provide services to predominantly commercial entities; however, we also render construction services to individuals in need of residential structure services. We have consistently displayed growth year-on-year, and have increased turnover over the year with prudent financial management skills and cost-effective building methodologies.

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Details

Who are we?

We are Chancery Construction Limited, an innovative construction company that specialises in providing construction, refurbishment and remodelling services within the United Kingdom. We have been in operation for almost two decades and have developed a healthy client list in and around the UK. We provide services to predominantly commercial entities; however, we also render construction services to individuals in need of residential structure services. We have consistently displayed growth year-on-year, and have increased turnover over the year with prudent financial management skills and cost-effective building methodologies.

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We require a loan facility for the completion of a contract with one of our top clients for the remodelling of an eight-bedroom apartment structure into an office complex. The total estimated cost of this project amounts to north of £275,000. Whilst we have healthy bank balances, we are unable to utilise our funds to cover the total project cost, as we also have other simultaneous projects and administrative cost obligations running concurrently. We therefore seek to partner with lenders to raise £100,000 to supplement our funding in order to successfully execute this project. The successful completion of this project will put us on track to achieve our £6.3m estimated turnover for the financial year.

Loan Offers
Business Profile

What is the loan for?

We require a loan facility for the completion of a contract with one of our top clients for the remodelling of an eight-bedroom apartment structure into an office complex. The total estimated cost of this project amounts to north of £275,000. Whilst we have healthy bank balances, we are unable to utilise our funds to cover the total project cost, as we also have other simultaneous projects and administrative cost obligations running concurrently. We therefore seek to partner with lenders to raise £100,000 to supplement our funding in order to successfully execute this project. The successful completion of this project will put us on track to achieve our £6.3m estimated turnover for the financial year.

Why consider investing?

Our team has displayed consistent growth over the years since inception. This has been achieved by impeccable attention to our client’s details, and prudent management of financial and human resources at our disposal.

Security

This loan will be secured by way of a Personal Guarantee and a property charge.

A PG will be provided by the sole director, Mr Reza Beygi. Mr Beygi has an estimated net worth of £600,000 which is derived from his ownership of his personal residence. A charge will be taken over this property (details below), so the assigned value of the PG is displayed as zero so as to not double count this asset.

A first priority legal charge will be taken over Mr Beygi's personal residence. This is a flat with an estimated value of £600,000 with no current charges. This leaves £600,000 estimated equity to be captured by our charge.

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