Fitness Equipment Hire Limited

Investment Requests for Purchasing and Customising Fitness Equipment

Overview
Funds raised
£95,000
Final AER
19.67%
Loan Term
60
Completed:
20/07/2015
About the Business
Company Name: FITNESS EQUIPMENT HIRE LIMITED Company Number: 08212404
Business Type: Other Years Trading: 2-3 years
Business Location: PONTYPRIDD
About the Risk
Risk Rating: C

Default rate

14.1%

Bad debt rate

5.04%

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 Debra Cooper
Est. Equity: £0.00

Important Files
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Who are we?

Fitness Equipment Hire has emerged as a front runner within the Commercial Leisure Industry.

We supply fitness equipment to many leading leisure facilities, professional sports teams and commercial gyms throughout the UK and Ireland.

The section of the business which has taken the business to the next level, is the unique ability we have to customise equipment and hire it to the customer on a contractual basis.

We offer a bespoke service which allows the customer free reign to achieve the look they want in their facilities.

Debra Cooper, aged 37 has worked in the Fitness/Leisure industry for 15 years, and has vast experience in the sales, management and delivery of large commercial orders.

READ MORE...

Details

Who are we?

Fitness Equipment Hire has emerged as a front runner within the Commercial Leisure Industry.

We supply fitness equipment to many leading leisure facilities, professional sports teams and commercial gyms throughout the UK and Ireland.

The section of the business which has taken the business to the next level, is the unique ability we have to customise equipment and hire it to the customer on a contractual basis.

We offer a bespoke service which allows the customer free reign to achieve the look they want in their facilities.

Debra Cooper, aged 37 has worked in the Fitness/Leisure industry for 15 years, and has vast experience in the sales, management and delivery of large commercial orders.

READ MORE...

The company seeks a loan to purchase and customise fitness equipment, to be used in the re-branding of an existing client’s gym facility. These will be rolled out over 50 of their sites throughout the UK and Ireland, on a hire basis over a 5 year period.

We are also looking to open a demonstration site to showcase the pieces to potential customers.

Loan Offers
Business Profile

What is the loan for?

The company seeks a loan to purchase and customise fitness equipment, to be used in the re-branding of an existing client’s gym facility. These will be rolled out over 50 of their sites throughout the UK and Ireland, on a hire basis over a 5 year period.

We are also looking to open a demonstration site to showcase the pieces to potential customers.

Why consider investing?

Fitness Equipment Hire Ltd have a proven track record within the industry. It has a large order in place from an existing reputable customer. It also has attractive filed accounts to show its track record.

Security

The loan is to be secured by way of director guarantee, Personal Guarantee Insurance and an all assets debenture.

The director has an estimated net worth of £312k. This is primarily through ownership of 5 properties with an estimated combined value of £925k and approximate equity of £207k.

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.
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