Huyton Heat Treatments(2010) Ltd

Engineering

Funds raised

£100,000.00

Final AER

16.55%

Loan term

60 MONTHS

Deadline

2015-01-15

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£2.78 +3.20% £2.87 5.03%
£1.39 +3.20% £1.43 5.03%

About the Business

Company Name: Huyton Heat Treatments(2010) Ltd Company Number: 7176689
Business Type: Engineering Years Trading: 4-5 years
Business Location: SLOUGH

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

Cross Corporate Guarantee - CCG from Servis Heat Treatment Co. Limited

Est. Equity: 0.00

Fixed Charge Debenture - Fixed charge over the asset(s) of applicant company

Est. Equity: 0.00

Personal Guarantee - PG from [name of director(s)]

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

New 'Transfer Bids' available for use on this loan! If you already hold a Microloan for Huyton Heat Treatments previous loan, you can transfer your capital on that loan across to this new loan request. Visit Your Dashboard to see if you currently hold a micro loan .

Visit Our Website

Huyton Heat Treatments specialises in the heat treatment of ferrous and non-ferrous materials.

Established for over 50 years Huyton Heat Treatments has been offering a high quality heat treatment service across all industry sectors during this time.We operate from a 10000 sq ft factory in Merseyside with excellent transport links to the M6 and M62 Motorways.

With major expansion in the late 1980's came the development of our own specialised heat treatment processes which are registered trademarks within the heat treatment sector and recognised as far afield as India and South Africa who have companies who are licensed to use these processes.At one point all British Rail technical drawings were only allowed to use one of our specialised processes.

In more recent times Huyton Heat Treatments has invested nearly £350k in new sealed quench and Nitriding plant making us one of the big players in this competitive market. We have a highly skilled workforce with 20 employees who between them have over 150 years of experience working at our plant. In addition we are open 24 hrs per day 6 days per week thus ensuring that urgent jobs receive urgent attention.

Huyton Heat Treatments offer high quality heat treatment processes to a wide range of general and precision engineering industries that are looking for a reliable, conscientious and competitively priced supplier who are more than capable of processing their volume batch work or even a one off component.

Our wide and varied customer base have become accustomed to our attention to detail and our continued ISOQAR accreditation and UKAS (united Kingdom Accreditation Service) registration confirms our commitment to quality control.

Read more

Loan Offers

What is the loan for?

The loan is for working capital, an upgrade to an 18 tonne lorry as our business is growing rapidly. This is so we can offer a larger collection and delivery capacity to our existing and potentially new customers.In addition at this time of year there are hugely discounted second hand furnaces for sale which are currently available.

If I can acquire one or more of these, we forecast that our turnover will increase by approximately 25% next year.

We will also be redeeming our Funding Circle loan should we be successful in raising our loan requirement.

Why consider investing?

In February 2014 we took a loan from the lenders of rebuildingsociety to facilitate the purchase of an endothermic generator and a JLS tempering and stress relieving furnace. This served to greatly increasing our capacity and reducing our methanol costs from £1200/month to approx. £80/month

We have so far made 9 of the 36 repayments, all of which have been made timely to the lenders who have supported us. We hope that lenders that have supported us in the past will continue to do so now during our next round of growth.

Security

The loan is to be secured on a Personal Guarantee form both the director and his wife ( Company Secretary) as well as a Chattels Mortgage over an unencumbered furnace and Corporate Guarantee from Servis Heat Treatment Co. Limited

The Guarantors have a combined est. net worth of £591k. Primarily from ownership of two properties with an estimate combined value of £1.24m with estimate equity of £779k

The chattels mortgage is a charge over a unencumbered 3 yr old Seco Warwick Nitriding Furnace

Servis Heat Treatment Co. Limited is jointly owned by the guarantors, however Mrs Randev is the sole director. The businesses are run completely independently from one another.One in Slough and the other in Liverpool.At Huyton, we carry out Nitriding,Seal Quench hardening, stress relieving,annealing on a very large scale. At Servis, we carry out Vacum Heat Treatment, Case Hardening , hardening and tempering for the commercial ,aerospace and formula 1 industries.

DateAmountCapitalInterestReceived
15/02/2015£2,461.13£1,081.96£1,379.17 (10 days late)
15/03/2015£2,461.13£1,096.88£1,364.25
15/04/2015£2,461.13£1,112.01£1,349.12
15/05/2015£2,461.13£1,127.35£1,333.78
15/06/2015£2,461.13£1,142.89£1,318.24
15/07/2015£2,461.13£1,158.66£1,302.47
15/08/2015£2,461.13£1,174.64£1,286.49
15/09/2015£2,461.13£1,190.84£1,270.29
15/10/2015£2,461.13£1,207.26£1,253.87
15/11/2015£2,461.13£1,223.91£1,237.22
15/12/2015£2,461.13£1,240.79£1,220.34
15/01/2016£2,461.13£1,257.90£1,203.23
15/02/2016£2,461.13£1,275.25£1,185.88
15/03/2016£2,461.13£1,292.84£1,168.29
15/04/2016£2,461.13£1,310.67£1,150.46
15/05/2016£2,461.13£1,328.74£1,132.39
15/06/2016£2,461.13£1,347.07£1,114.06
15/07/2016£2,461.13£1,365.65£1,095.48
15/08/2016£2,461.13£1,384.48£1,076.65
15/09/2016£2,461.13£1,403.58£1,057.55
15/10/2016£2,461.13£1,422.94£1,038.19
15/11/2016£2,461.13£1,442.56£1,018.57
15/12/2016£2,461.13£1,462.45£998.67
15/01/2017£2,461.13£1,482.62£978.51
15/02/2017£2,461.13£1,503.07£958.06
15/03/2017£2,461.13£1,523.80£937.33
15/04/2017£2,461.13£1,544.82£916.31
15/05/2017£2,461.13£1,566.12£895.01
15/06/2017£2,461.13£1,587.72£873.41
15/07/2017£2,461.13£1,609.62£851.51
15/08/2017£2,461.13£1,631.82£829.31
15/09/2017£2,461.13£1,654.33£806.80 (14 days late)
15/10/2017£2,461.13£1,677.14£783.99
15/11/2017£2,461.13£1,700.27£760.86
15/12/2017£2,461.13£1,723.72£737.41
15/01/2018£2,461.13£1,747.49£713.64
15/02/2018£2,461.13£1,771.60£689.53
15/03/2018£2,461.13£1,796.03£665.10
15/04/2018£2,461.13£1,820.80£640.33
15/05/2018£2,461.13£1,845.91£615.22
15/06/2018£2,461.13£1,871.37£589.76
15/07/2018£2,461.13£1,897.18£563.95
15/08/2018£2,461.13£1,923.34£537.79
15/09/2018£2,461.13£1,949.87£511.26
15/10/2018£2,461.13£1,976.76£484.37
15/11/2018£2,461.13£2,004.02£457.11
15/12/2018£2,461.13£2,031.66£429.47
15/01/2019£2,461.13£2,059.68£401.45
15/02/2019£2,461.13£2,088.09£373.04
15/03/2019£2,461.13£2,116.89£344.24
15/04/2019£2,461.13£2,146.08£315.05
15/05/2019£2,461.13£2,175.68£285.45
15/06/2019£2,461.13£2,205.69£255.44
15/07/2019£2,461.13£2,236.11£225.02
15/08/2019£2,461.13£2,266.95£194.18Not Due
15/09/2019£2,461.13£2,298.21£162.92Not Due
15/10/2019£2,461.13£2,329.91£131.22Not Due
15/11/2019£2,461.13£2,362.04£99.09Not Due
15/12/2019£2,461.13£2,394.62£66.51Not Due
15/01/2020£2,461.13£2,427.64£33.49Not Due
Total:£99,999.99£47,667.80