Insul-Eight (Contracts) Limited

General Construction

Funds Raised

£50,000.00

Final AER

15.29%

Loan term

60 MONTHS

Auction Closed

2015-04-13

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£17.05 +3.33% £17.62 5.00%

About the Business

Company Name: Insul-Eight (Contracts) Limited Company Number: 07821904
Business Type: General Construction Years Trading: 2-3 years
Business Location: ASHTON UNDER LYME

About the Risk

Risk rating

B

Default rate

6.80%

Bad debt rate

5.58%

About the Security

Security Offered:

Personal Guarantee - PG from Phil Walsh

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Insul-Eight is an industrial insulation company working on projects such as hospitals, schools, offices and more recently on a wind generation project in Flintshire and Scotland for Siemens. We employ 15 site based operatives and 3 office staff. Thermal insulation is very much of the moment with companies wanting to save energy, and new buildings have to be built with low CO2 emissions and insulation helps with this.

Read more

Loan Offers

What is the loan for?

The money will be used to pay creditors. One of them being our main creditor, with us getting busier we need them to be comfortable with us. It will in essence be working capital for business expansion.

Why consider investing?

Insul-Eight is a good company working with well known contractors on commercial projects. It's well run and lessons have been learnt over the years which have made us stronger. The site operatives are hand picked over my 30 years in the business and provide an excellent service which is why we have ended up working for such respected customers such as MW Hargreaves, Balfour Beatty and Siemens

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Security The loan is to be secured by way of Personal Guarantee

The Director has an estimate net worth of £75k. This is from ownership of a property with an estimate value of £ 215k and equity of £75k

DateAmountCapitalInterestReceived
12/05/2015£1,197.12£560.04£637.08
12/06/2015£1,197.12£567.17£629.95
12/07/2015£1,197.12£574.40£622.72
12/08/2015£1,197.12£581.72£615.40
12/09/2015£1,197.12£589.13£607.99
12/10/2015£1,197.12£596.64£600.48
12/11/2015£1,197.12£604.24£592.88
12/12/2015£1,197.12£611.94£585.18
12/01/2016£1,197.12£619.74£577.38
12/02/2016£1,197.12£627.63£569.49
12/03/2016£1,197.12£635.63£561.49
12/04/2016£1,197.12£643.73£553.39
12/05/2016£1,197.12£651.93£545.19
12/06/2016£1,197.12£660.24£536.88
12/07/2016£1,197.12£668.65£528.47
12/08/2016£1,197.12£677.17£519.95
12/09/2016£1,197.12£685.80£511.32
12/10/2016£1,197.12£694.54£502.58
12/11/2016£1,197.12£703.39£493.73
12/12/2016£1,197.12£712.35£484.77
12/01/2017£1,197.12£721.42£475.70
12/02/2017£1,197.12£730.62£466.50
12/03/2017£1,197.12£739.93£457.19
12/04/2017£1,197.12£749.35£447.77
12/05/2017£1,197.12£758.90£438.22
12/06/2017£1,197.12£768.57£428.55
12/07/2017£1,197.12£778.36£418.76
12/08/2017£1,197.12£788.28£408.84
12/09/2017£1,197.12£798.33£398.79
12/10/2017£1,197.12£808.50£388.62
12/11/2017£1,197.12£818.80£378.32
12/12/2017£1,197.12£829.23£367.89
12/01/2018£1,197.12£839.80£357.32
12/02/2018£1,197.12£850.50£346.62
12/03/2018£1,197.12£861.34£335.78
12/04/2018£1,197.12£872.31£324.81
12/05/2018£1,197.12£883.43£313.69
12/06/2018£1,197.12£894.68£302.44
12/07/2018£1,197.12£906.08£291.04
12/08/2018£1,197.12£917.63£279.49
12/09/2018£1,197.12£929.32£267.80
12/10/2018£1,197.12£941.16£255.96
12/11/2018£1,197.12£953.15£243.97
12/12/2018£1,197.12£965.30£231.82
12/01/2019£1,197.12£977.60£219.52
12/02/2019£1,197.12£990.05£207.07
12/03/2019£1,197.12£1,002.67£194.45
12/04/2019£1,197.12£1,015.44£181.68
12/05/2019£1,197.12£1,028.38£168.74
12/06/2019£1,197.12£1,041.48£155.64
12/07/2019£1,197.12£1,054.75£142.37
12/08/2019£1,197.12£1,068.19£128.93
12/09/2019£1,197.12£1,081.80£115.32
12/10/2019£1,197.12£1,095.59£101.53Not Due
12/11/2019£1,197.12£1,109.55£87.57Not Due
12/12/2019£1,197.12£1,123.69£73.43Not Due
12/01/2020£1,197.12£1,138.00£59.12Not Due
12/02/2020£1,197.12£1,152.50£44.62Not Due
12/03/2020£1,197.12£1,167.19£29.93Not Due
12/04/2020£1,197.12£1,182.06£15.06Not Due
Total:£50,000.01£21,827.19