Hull Boxes & Packaging LTD

Manufacturing

Funds Requested

£50,000.00

Offered so far

£0.00

Loan term

36 MONTHS

Auction Closed

2016-02-03

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About the Business

Company Name: Hull Boxes & Packaging LTD Company Number: 8516246
Business Type: Manufacturing Years Trading: 2- 5 Years
Business Location: Hull

About the Risk

Risk rating

B

Default rate

6.90%

Bad debt rate

5.67%

About the Security

Security Offered:

Personal Guarantee - PG from Richard Britton

Est. Equity: 0.00

Personal Guarantee - PG from Susan Winter

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

A forward thinking company with traditional values has been trading since May 2013.

Offering Bespoke Packaging in short lead times to all fields of industries. Specialising in conversion of corrugated products both corrugated board and corrugated plastics, we support small British businesses that need bespoke quality packaging.

We aim to buy and convert British manufactured products wherever possible for British Industry.

The company operates out of over 30000SQ Feet of Production and Warehousing within its site based in Kingston Upon Hull, East Yorkshire. The company is well equipped and is very forward thinking and holds much knowledge within its production team. We don't believe we just sell packaging materials but rather, we give packaging solutions to many of our customers in a wide range of different industries.

Read more

Loan Offers

What is the loan for?

We are in a growth stage of our business and we are running a marketing campaign to get in touch with the smaller businesses in the UK to help provide them with cost effective packaging solutions, giving British businesses an all British made packaging solution. We are investing in a marketing campaign which includes new brochures, online marketing, website improvements and an online ordering system. We will be investing in new tooling to meet our customers requirements.

Why consider investing?

We are a growing company in the UK supplying high quality packaging solutions to a growing market place. We have recently started supplying businesses like Micro Breweries, the Organic Turkey industry and Pet transportation. These are growth industry areas and are looking for British made bespoke packaging solutions. We are looking to expand into these market places and supply the businesses of Britain with a top quality solution that reflects their own brands.

Security

The loan is to be secured by way of Personal Guarantees from both of the Directors of the company. The second Personal Guarantee is to be supported by Personal Guarantee Insurance.

The Directors have a combined estimated net worth of £133.5k. This is through the Directors' ownership of two personal properties with the first having an estimate value of £170k, and Est. Equity of £148k and the other with an estimate value of £95k and an Est. Equity of £32k.

REBS Disclosure

1. The corporation tax provision is only mainstream corporation tax and no deferred tax has been provided in the 2015 accounts. This is at the insistence of the director of the company and has not been sanctioned by any external professional. This policy is contrary to accounting standards and may mean that the accounts do not meet the legal requirement to show a true and fair view.

2. The goodwill accounted for on the company Balance sheet was purchased from the former insolvent company i.e. from a connected party.

DateAmountCapitalInterestReceived
04/03/2016£1,744.31£1,100.56£643.75
04/04/2016£1,744.31£1,114.72£629.59
04/05/2016£1,744.31£1,129.08£615.23
04/06/2016£1,744.31£1,143.61£600.70
04/07/2016£1,744.31£1,158.34£585.97
04/08/2016£1,744.31£1,173.25£571.06
04/09/2016£1,744.31£1,188.36£555.95
04/10/2016£1,744.31£1,203.66£540.65
04/11/2016£1,744.31£1,219.15£525.16
04/12/2016£1,744.31£1,234.85£509.46
04/01/2017£1,744.31£1,250.75£493.56
04/02/2017£1,744.31£1,266.85£477.46
04/03/2017£1,744.31£1,283.16£461.15
04/04/2017£1,744.31£1,299.68£444.63
04/05/2017£1,744.31£1,316.42£427.89
04/06/2017£1,744.31£1,333.37£410.94
04/07/2017£1,744.31£1,350.53£393.78
04/08/2017£1,744.31£1,367.92£376.39
04/09/2017£1,744.31£1,385.53£358.78
04/10/2017£1,744.31£1,403.37£340.94
04/11/2017£1,744.31£1,421.44£322.87
04/12/2017£1,744.31£1,439.74£304.57
04/01/2018£1,744.31£1,458.28£286.03
04/02/2018£1,744.31£1,477.05£267.26
04/03/2018£1,744.31£1,496.07£248.24
04/04/2018£1,744.31£1,515.33£228.98
04/05/2018£1,744.31£1,534.84£209.47
04/06/2018£1,744.31£1,554.60£189.71
04/07/2018£1,744.31£1,574.62£169.69
04/08/2018£11,757.56£11,607.97£149.59
04/09/2018£0.00£0.00£0.00
04/10/2018£0.00£0.00£0.00
04/11/2018£0.00£0.00£0.00
04/12/2018£0.00£0.00£0.00
04/01/2019£0.00£0.00£0.00
04/02/2019£0.00£0.00£0.00
Total:£50,003.10£12,339.45