interdesign solutions ltd

Building Services

Funds Raised

£25,000.00

Final AER

20.85%

Loan term

48 MONTHS

Auction Closed

2015-12-20

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.

About the Business

Company Name: interdesign solutions ltd Company Number: 8195354
Business Type: Building Services Years Trading: 2-3 years
Business Location: peterborough

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

All Assets Debenture - Fixed and floating charge created over all assets 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?

Visit Our Website

We design and install office workplace interiors

I started as a construction site labourer in London 14 years ago and spent the next decade learning the different skills, such as plumbing, electrical, joinery etc., used in interior building work. Once I had mastered technical drawing and design, I set up Interdesign. My wife provides all the administrative work, and I manage a small team comprising two project managers and one marketing manager.

We invested a year to research the market in the North West of England ( we are Peterborough based) for office refurbishment and it became clear that the Education and Health / Care home sectors offered lots of opportunity. We are now winning substantial contracts as a result of our keen pricing, first class service and meeting deadlines.

We have just won a £six figure maintenance contract with Manchester University, and four refurbishment contracts ranging from £56k to £210k . We cannot afford to start any further work until the end of March 2016.

14 years in the industry has allowed us to develop a strong team of plumbers, builders, designers and other trade experts to create excellent refit jobs for our clients. Each one of our team are passionate about what they do and always strive to deliver the best quality work that they can.

Our interior refit and refurbishment services are second to none and we work hard to deliver our clients exactly what they want to the budget agreed. In order to do this we work closely with our clients to ensure we are both on the right page and are continually happy with the progress made.

We have the ability to create tailor made refits and refurbishments that help guarantee client satisfaction. Our projects can be on-going for larger roll out programmes, or one time solutions delivered in a shorter periods of time for a more specific purpose.

Read more

Loan Offers

What is the loan for?

The loan will be used for working capital - we have to start paying our subcontractors and suppliers as soon as a new contract starts . Although we ask for stage payments where possible (to our suppliers and from our customers) these contracts take anywhere between 5 and 12 weeks and so our cash flow is tight.

Why consider investing?

We have proved that we can build a profitable company,win repeat business business ,our customer base is wide spread, they are strong financially, we manage carefully and plan ahead.

We are a carefully managed and profitable family business, providing a service that is in constant demand to a widely spread and high quality customer base that has a lot of potential growth. Given more working capital we can manage that growth.

I’m 35 years of age and intend to build Interdesign into a major contractor to University, School and Healthcare customers throughout the UK.

Security

The loan is to be secured by way of a Directors Guarantee as well as an All Assets Debenture. The Personal Guarantee will also be supported by Personal Guarantee insurance

The director has an estimate net worth of £3k. The director is a property owner of a property with an estimate value of £135k and approximate equity of £25k

DateAmountCapitalInterestReceived
19/01/2016£705.57£377.02£328.54
19/02/2016£705.57£381.98£323.59
19/03/2016£705.57£387.00£318.57
19/04/2016£705.57£392.08£313.48
19/05/2016£705.57£397.24£308.331187 days overdue
19/06/2016£705.57£402.46£303.111156 days overdue
19/07/2016£705.57£407.75£297.821126 days overdue
19/08/2016£705.57£413.10£292.461095 days overdue
19/09/2016£705.57£418.53£287.031064 days overdue
19/10/2016£705.57£424.03£281.531034 days overdue
19/11/2016£705.57£429.61£275.961003 days overdue
19/12/2016£705.57£435.25£270.31973 days overdue
19/01/2017£705.57£440.97£264.59942 days overdue
19/02/2017£705.57£446.77£258.80911 days overdue
19/03/2017£705.57£452.64£252.93883 days overdue
19/04/2017£705.57£458.59£246.98852 days overdue
19/05/2017£705.57£464.61£240.95822 days overdue
19/06/2017£705.57£470.72£234.85791 days overdue
19/07/2017£705.57£476.91£228.66761 days overdue
19/08/2017£705.57£483.17£222.39730 days overdue
19/09/2017£705.57£489.52£216.04699 days overdue
19/10/2017£705.57£495.96£209.61669 days overdue
19/11/2017£705.57£502.47£203.09638 days overdue
19/12/2017£705.57£509.08£196.49608 days overdue
19/01/2018£705.57£515.77£189.80577 days overdue
19/02/2018£705.57£522.54£183.02546 days overdue
19/03/2018£705.57£529.41£176.15518 days overdue
19/04/2018£705.57£536.37£169.20487 days overdue
19/05/2018£705.57£543.42£162.15457 days overdue
19/06/2018£705.57£550.56£155.01426 days overdue
19/07/2018£705.57£557.79£147.77396 days overdue
19/08/2018£705.57£565.12£140.44365 days overdue
19/09/2018£705.57£572.55£133.01334 days overdue
19/10/2018£705.57£580.08£125.49304 days overdue
19/11/2018£705.57£587.70£117.87273 days overdue
19/12/2018£705.57£595.42£110.14243 days overdue
19/01/2019£705.57£603.25£102.32212 days overdue
19/02/2019£705.57£611.17£94.39181 days overdue
19/03/2019£705.57£619.21£86.36153 days overdue
19/04/2019£705.57£627.34£78.22122 days overdue
19/05/2019£705.57£635.59£69.9892 days overdue
19/06/2019£705.57£643.94£61.6261 days overdue
19/07/2019£705.57£652.40£53.1631 days overdue
19/08/2019£705.57£660.98£44.590 days overdue
19/09/2019£705.57£669.66£35.90Not Due
19/10/2019£705.57£678.46£27.10Not Due
19/11/2019£705.57£687.38£18.19Not Due
19/12/2019£705.57£696.41£9.15Not Due
Total:£24,999.99£8,867.15