Chapel Road Accounting Services Limited

Accountancy

Funds Requested

£40,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

2015-10-04

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About the Business

Company Name: Chapel Road Accounting Services Limited Company Number: 04717829
Business Type: Accountancy Years Trading: more than 10 years
Business Location: LEISTON

About the Risk

Risk rating

A

Default rate

7.00%

Bad debt rate

9.69%

About the Security

Security Offered:

1st Charge Residential Property

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

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We are an approachable accounting firm established on 1st April 2003. We now have 5 employees and over 300 clients. We cover a wide range of Accountancy services ranging from Payroll, to Self-Assessment Tax Returns and Limited Company Accounts.

Whilst the majority of our clients are local, we do provide Accountancy Services to companies across the UK and even abroad. In recent years our client base has grown and in response to the increasing demands of our clients we have been able to broaden the range of services that we provide. We provide Accountancy Services to a wide range of businesses that cover most industries and occupations, from Catering to Construction.

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Loan Offers

What is the loan for?

We would like the loan so that consolidate Orchard Funding which is costing £2,393.00 per month and our second loan with Orchard Finance which is costing £2,299.00 per month. We are both non-home owners and there is only a 54% personal guarantee available due to the other director being the estranged wife. However the brother is happy to guarantee the deal.

Why consider investing?

We are a good accountancy business and have been going for a long period of time.

Disclosures

The YE 2015 accounts have not yet been filed at Companies House

The Management Accounts contain an interest figure of 1489, this is made up of £986 direct interest and the remainder is related financial charges.

Security

The loan is to be secured by way of directors guarantees from the two main directors/ shareholders as well as a third party guarantee

The directors do not own any tangible assets as already disclosed

The third party guarantor has an estimate net worth of £195k. This is through ownership of two properties with an estimate combined value of £325k

DateAmountCapitalInterestReceived
Total:£0.00£0.00