FEAST HOME DELIVERY SERVICE LIMITED

Hospitality

Funds raised

£25,000.00

Final AER

16.08%

Loan term

60 MONTHS

Deadline

2016-06-22

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack

About the Business

Company Name: FEAST HOME DELIVERY SERVICE LIMITED Company Number: 04820891
Business Type: Hospitality Years Trading: 5-10 years
Business Location: Henley on Thames

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

2nd Charge Non Residential Property

Est. Equity: 0.00

1st Charge Residential Property

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Visit Our Website

This is an online Indian Restaurant business. Orders are placed online and fulfilled and delivered from one of three restaurants owned by the family. The emphasis is on high quality, exquisite, modern, Indian cuisine where the food is beautifully presented, to be enjoyed in your own home. The business is very well established and profitable.

Read more

Loan Offers

What is the loan for?

The loan is to upgrade the technology to make the business more efficient. There will then be a marketing campaign to increase sales. There will be a new website which will cost just under £20,000 but the director has built in a contingency of £5,000 to cover any unexpected changes. Running alongside the website will be an e-marketing campaign costing £3,000 pm. In addition, new pamphlets will be designed and there will be a “leaflet drop”. This will cost a further £5,000.

Why consider investing?

The family have a history in the catering trade and own and run very successful restaurants. This is a separate on line takeaway service which is very profitable and growing. Sales are currently running at £4,000 per week but they anticipate as a result of the new website and the marketing campaign that sales will increase to £6,000 per week. This is the initial target with growth to £10,000 per week the ultimate target. There is capacity within the family owned restaurants to meet sales at this level. In the background the director owns the freeholds to three restaurants.

Loan Security

The loan is to be secured by way of a personal guarantee provided by the company director; and a Cross-Corporate Guarantee from Henley Restaurants Limited.

The Director's Est Net Worth is approximately £1,690,000.00. This is primarily through the Director's personal property portfolio. He holds equity in three properties, with a combined value of £3.05 million and an estimated combined equity of £1.72 million. The first has an estimated value of £1,800,000 and an estimated £500,000 equity. The second has an estimated value of £700,000 and £700,000 estimated equity and the third has an estimated value of £550,000 and £550,000 estimated equity.

DateAmountCapitalInterestReceived
27/07/2016£609.06£273.99£335.07
27/08/2016£609.06£277.66£331.39
27/09/2016£609.06£281.38£327.67
27/10/2016£609.06£285.16£323.90 (5 days late)
27/11/2016£609.06£288.98£320.08
27/12/2016£609.06£292.85£316.21 (8 days late)
27/01/2017£609.06£296.78£312.28
27/02/2017£609.06£300.75£308.30
27/03/2017£609.06£304.78£304.27
27/04/2017£609.06£308.87£300.19
27/05/2017£609.06£313.01£296.05
27/06/2017£609.06£317.20£291.85
27/07/2017£609.06£321.45£287.60
27/08/2017£609.06£325.76£283.29
27/09/2017£609.06£330.13£278.93
27/10/2017£609.06£334.55£274.50
27/11/2017£609.06£339.04£270.02
27/12/2017£609.06£343.58£265.48
27/01/2018£609.06£348.19£260.87
27/02/2018£609.06£352.85£256.20
27/03/2018£609.06£357.58£251.47
27/04/2018£609.06£362.38£246.68
27/05/2018£609.06£367.23£241.83
27/06/2018£609.06£372.15£236.90
27/07/2018£609.06£377.14£231.92
27/08/2018£609.06£382.20£226.86
27/09/2018£609.06£387.32£221.74
27/10/2018£609.06£392.51£216.55
27/11/2018£609.06£397.77£211.29
27/12/2018£609.06£403.10£205.96
27/01/2019£609.06£408.50£200.55
27/02/2019£609.06£413.98£195.08
27/03/2019£609.06£419.53£189.53
27/04/2019£609.06£425.15£183.91
27/05/2019£609.06£430.85£178.21
27/06/2019£609.06£436.62£172.43
27/07/2019£609.06£442.48£166.58Not Due
27/08/2019£609.06£448.41£160.65Not Due
27/09/2019£609.06£454.42£154.64Not Due
27/10/2019£609.06£460.51£148.55Not Due
27/11/2019£609.06£466.68£142.38Not Due
27/12/2019£609.06£472.93£136.12Not Due
27/01/2020£609.06£479.27£129.79Not Due
27/02/2020£609.06£485.69£123.36Not Due
27/03/2020£609.06£492.20£116.85Not Due
27/04/2020£609.06£498.80£110.26Not Due
27/05/2020£609.06£505.49£103.57Not Due
27/06/2020£609.06£512.26£96.80Not Due
27/07/2020£609.06£519.13£89.93Not Due
27/08/2020£609.06£526.08£82.97Not Due
27/09/2020£609.06£533.14£75.92Not Due
27/10/2020£609.06£540.28£68.78Not Due
27/11/2020£609.06£547.52£61.54Not Due
27/12/2020£609.06£554.86£54.20Not Due
27/01/2021£609.06£562.30£46.76Not Due
27/02/2021£609.06£569.83£39.22Not Due
27/03/2021£609.06£577.47£31.59Not Due
27/04/2021£609.06£585.21£23.85Not Due
27/05/2021£609.06£593.05£16.00Not Due
27/06/2021£609.06£601.00£8.06Not Due
Total:£24,999.98£11,543.42