CJ AEROSOLS LIMITED

CONSTRUCTION

Funds Raised

£26,950.00

Final AER

18.89%

Loan term

60 MONTHS

Auction Closed

2017-09-10

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: CJ AEROSOLS LIMITED Company Number: 08148647
Business Type: CONSTRUCTION Years Trading: 2-3 years
Business Location: Bedford,

About the Risk

Risk rating

C

Default rate

13.00%

Bad debt rate

5.33%

About the Security

Security Offered:

Personal Guarantee - PG from Mr Chris Graham

Est. Equity: 0.00

Personal Guarantee - PG from Mrs Jardine Graham

Est. Equity: 0.00

Risk Indicators Identified:

High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity
Low Quick Ratio Score
The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets
Below Average Business Credit Rating
A 3rd party credit rating agency has indicated that this business is above average risk.
Notable Dividends Taken
More than 50% of Net Profit has been taken as dividends within at least one of the assessed periods

Important Files

Who are we?

http://www.cjaerosols.com/

CJ Aerosols provide paint spraying products to customers both within the UK and overseas. They provide a bespoke service to colour match for both paint spraying equipment and "Rattle Cans"

Read more

Loan Offers

What is the loan for?

The loan is needed in order to help the business grow. As we are getting larger, and receiving new orders we need to employ and train new staff. We also wish to improve on our stock levels in order that we may provide a faster service to clients.

Part of the funds will be used to purchase a new vehicle for the business.

Why consider investing?

We are a growing company that aim to be the go to company for our product. We have a good reputation already but would always want to improve on this.

Security

This loan is to be secured by way of Personal Guarantee, provided by the company directors Mr Chris and Mrs Jardine Graham.

Chris and Jardine have a combined estimated net worth of £463,000.

This is derived from their ownership of two residential properties. The first, their domestic residence, with an estimated by the client at a value of £500,000. Online estimates put the value at £431,000 and it was last sold in 2015 for £404,995.

The property has one charge registered against it to secure a business loan with £200,000 outstanding. The estimated equity remaining in the property is £300,000.

They also own another property with an estimated value of £300,000. This has one charge registered against it with £97,000, leaving an estimated £203,000 equity.

DateAmountCapitalInterestReceived
12/10/2017£697.44£273.25£424.19
12/11/2017£697.44£277.55£419.89
12/12/2017£697.44£281.91£415.53644 days overdue
12/01/2018£697.44£286.35£411.09613 days overdue
12/02/2018£697.44£290.86£406.58582 days overdue
12/03/2018£697.44£295.44£402.00554 days overdue
12/04/2018£697.44£300.09£397.35523 days overdue
12/05/2018£697.44£304.81£392.63493 days overdue
12/06/2018£697.44£309.61£387.83462 days overdue
12/07/2018£697.44£314.48£382.96432 days overdue
12/08/2018£697.44£319.43£378.01401 days overdue
12/09/2018£697.44£324.46£372.98370 days overdue
12/10/2018£697.44£329.57£367.87340 days overdue
12/11/2018£697.44£334.75£362.69309 days overdue
12/12/2018£697.44£340.02£357.42279 days overdue
12/01/2019£697.44£345.38£352.06248 days overdue
12/02/2019£697.44£350.81£346.63217 days overdue
12/03/2019£697.44£356.33£341.11189 days overdue
12/04/2019£697.44£361.94£335.50158 days overdue
12/05/2019£697.44£367.64£329.80128 days overdue
12/06/2019£697.44£373.43£324.0197 days overdue
12/07/2019£697.44£379.30£318.1467 days overdue
12/08/2019£697.44£385.27£312.1736 days overdue
12/09/2019£697.44£391.34£306.105 days overdue
12/10/2019£697.44£397.50£299.94Not Due
12/11/2019£697.44£403.75£293.69Not Due
12/12/2019£697.44£410.11£287.33Not Due
12/01/2020£697.44£416.56£280.88Not Due
12/02/2020£697.44£423.12£274.32Not Due
12/03/2020£697.44£429.78£267.66Not Due
12/04/2020£697.44£436.55£260.89Not Due
12/05/2020£697.44£443.42£254.02Not Due
12/06/2020£697.44£450.40£247.04Not Due
12/07/2020£697.44£457.48£239.96Not Due
12/08/2020£697.44£464.69£232.75Not Due
12/09/2020£697.44£472.00£225.44Not Due
12/10/2020£697.44£479.43£218.01Not Due
12/11/2020£697.44£486.98£210.46Not Due
12/12/2020£697.44£494.64£202.80Not Due
12/01/2021£697.44£502.43£195.01Not Due
12/02/2021£697.44£510.33£187.11Not Due
12/03/2021£697.44£518.37£179.07Not Due
12/04/2021£697.44£526.53£170.91Not Due
12/05/2021£697.44£534.81£162.63Not Due
12/06/2021£697.44£543.23£154.21Not Due
12/07/2021£697.44£551.78£145.66Not Due
12/08/2021£697.44£560.47£136.97Not Due
12/09/2021£697.44£569.29£128.15Not Due
12/10/2021£697.44£578.25£119.19Not Due
12/11/2021£697.44£587.35£110.09Not Due
12/12/2021£697.44£596.60£100.84Not Due
12/01/2022£697.44£605.99£91.45Not Due
12/02/2022£697.44£615.52£81.92Not Due
12/03/2022£697.44£625.21£72.23Not Due
12/04/2022£697.44£635.05£62.39Not Due
12/05/2022£697.44£645.05£52.39Not Due
12/06/2022£697.44£655.20£42.24Not Due
12/07/2022£697.44£665.51£31.93Not Due
12/08/2022£697.44£675.99£21.45Not Due
12/09/2022£697.44£686.63£10.81Not Due
Total:£26,950.01£14,896.39