GLADBOURNE ESTATES LIMITED

REAL ESTATE ACTIVITIES

Funds Raised

£52,500.00

Final AER

19.89%

Loan term

24 MONTHS

Auction Closed

2019-03-12

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£16.46 +12.00% £18.44 5.80%
£16.46 +12.50% £18.52 5.26%
£123.46 +12.74% £139.19 5.00%

About the Business

Company Name: GLADBOURNE ESTATES LIMITED Company Number: SC493338
Business Type: REAL ESTATE ACTIVITIES Years Trading: 3-5 years
Business Location: Edinburgh

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

Personal Guarantee - PG from Murray Howison

Est. Equity: 2500000.00

Risk Indicators Identified:

High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity
High level of borrowings
This business has a high level of borrowings in relation to its turnover
Below Average Business Credit Rating
A 3rd party credit rating agency has indicated that this business is above average risk.

Important Files

Who are we?

The company was founded in Dec 2014 and has grown steadily during the last four years. It has created value through several planning gains, some of which it has sold and some have been retained. The continuing strategy is to find residential property opportunities that have ‘angles’ to create further value. These new opportunities will be retained as the aim is to grow the balance sheet over the long term.

Read more

Loan Offers

What is the loan for?

The loan is to invest in a current refurbishment project which will then be refinanced once the project is completed.

Why consider investing?

The company is very secure with a net asset value in excess of £500K.

Security

This loan will be secured by way of a Personal Guarantee from the director, Mr Murray Howison. Mr Howison has an estimated net worth of around £2.5m derived from his personal ownership of 13 properties, with a combined estimated value of £7.25m and £3.8m est equity.

DateAmountCapitalInterestReceived
14/04/2019£2,669.24£1,799.00£870.24
14/05/2019£2,669.24£1,828.82£840.42
14/06/2019£2,669.24£1,859.13£810.11
14/07/2019£2,669.24£1,889.95£779.29
14/08/2019£2,669.24£1,921.28£747.96
14/09/2019£2,669.24£1,953.13£716.11Not Due
14/10/2019£2,669.24£1,985.50£683.74Not Due
14/11/2019£2,669.24£2,018.41£650.83Not Due
14/12/2019£2,669.24£2,051.87£617.37Not Due
14/01/2020£2,669.24£2,085.88£583.36Not Due
14/02/2020£2,669.24£2,120.46£548.78Not Due
14/03/2020£2,669.24£2,155.61£513.63Not Due
14/04/2020£2,669.24£2,191.34£477.90Not Due
14/05/2020£2,669.24£2,227.66£441.58Not Due
14/06/2020£2,669.24£2,264.59£404.65Not Due
14/07/2020£2,669.24£2,302.13£367.11Not Due
14/08/2020£2,669.24£2,340.29£328.95Not Due
14/09/2020£2,669.24£2,379.08£290.16Not Due
14/10/2020£2,669.24£2,418.51£250.73Not Due
14/11/2020£2,669.24£2,458.60£210.64Not Due
14/12/2020£2,669.24£2,499.36£169.88Not Due
14/01/2021£2,669.24£2,540.79£128.45Not Due
14/02/2021£2,669.24£2,582.90£86.34Not Due
14/03/2021£2,669.24£2,625.72£43.52Not Due
Total:£52,500.00£11,561.76