J C POMFRET CONSTRUCTION LIMITED

CONSTRUCTION

Funds Raised

£26,580.00

Final AER

19.30%

Loan term

36 MONTHS

Auction Closed

2017-10-03

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£4.61 +8.10% £4.98 7.08%
£9.14 +7.50% £9.83 7.02%
£4.57 +7.50% £4.91 7.02%
£4.61 +9.30% £5.03 5.29%
£9.21 +9.40% £10.08 5.14%

About the Business

Company Name: J C POMFRET CONSTRUCTION LIMITED Company Number: 08518632
Business Type: CONSTRUCTION Years Trading: 2-3 years
Business Location: Grimsby

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

Personal Guarantee - Director Mr John Pomfret

Est. Equity: 89000.00

Risk Indicators Identified:

High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity
Low Liquidity
This business has a lower than average ratio of liquid assets to current liabilities
May not produce Management Accounts
This company may not prepare management accounts on a regular basis

Important Files

Who are we?

The company provides construction and building services, both new build and repair. It was established in May 2013, Turnover has grew to £250K in the year ended May 2016 a pre tax profit of £50K.

Being in the Construction Industry for over 30 years J C Pomfret Construction Ltd embrace traditional values and as a traditional construction company we offer a personal, professional and efficient service to all sectors including domestic, commercial and industrial alike. We have a large portfolio of past contracts with satisfied customers always willing to vouch for our service and integrity

The company is owned and run by John Pomfret who has a wealth of experience in the construction sector.

Disclosures

The last full accounts received from this client are to May 2016.

The borrower has provided VAT returns to May 2017.

 
VAT Return Info Received Sales / Purchases (£)
VAT Return Period 01/036/2017 -31/05/2017
Total Value of Sales 28,454
Total Value of purchases 21,710
VAT Return Period 01/12/2016 -28/02/2017
Total Value of Sales 13,613
Total Value of Purchases 31,038
VAT Period 01/06/2016 -31/08/2016
Total Value of Sales 162,361
Total Value of Purchases 74,847

Read more

Loan Offers

What is the loan for?

The loan will be used to part fund working capital for a £1.8 million flat construction project that the business will shortly commence.

This project has full local authority support and a guarantee from the local authority to purchase all the completed flats. The project will attract a £650K grant which will be received shortly after commencement of the project, the loan is just to ensure there is plenty of cash cover over the next few weeks before this grant is received.

Why consider investing?

This is an good project, the local authority have guaranteed to purchase the flat constructed, therefore income is guaranteed. Project value £1.8 million, completion of this project will put J C Pomfret Construction in an excellent financial position.

Security

This loan is to be secured by way of a directors guarantee. The Director has an estimate net worth of £89k, through ownership of a property with an estimate value of £165k

DateAmountCapitalInterestReceived
05/11/2017£978.29£550.90£427.39
05/12/2017£978.29£559.76£418.53
05/01/2018£978.29£568.76£409.53 (24 days late)
05/02/2018£978.29£577.90£400.39 (11 days late)
05/03/2018£978.29£587.20£391.09 (14 days late)
05/04/2018£978.29£596.64£381.65 (14 days late)
05/05/2018£978.29£606.23£372.06
05/06/2018£978.29£615.98£362.31
05/07/2018£978.29£625.88£352.41
05/08/2018£978.29£635.95£342.34
05/09/2018£978.29£646.17£332.12
05/10/2018£978.29£656.56£321.73
05/11/2018£978.29£667.12£311.17
05/12/2018£978.29£677.85£300.44
05/01/2019£978.29£688.75£289.54
05/02/2019£978.29£699.82£278.47
05/03/2019£978.29£711.07£267.22
05/04/2019£978.29£722.51£255.78
05/05/2019£978.29£734.12£244.17
05/06/2019£978.29£745.93£232.36
05/07/2019£978.29£757.92£220.37
05/08/2019£978.29£770.11£208.18
05/09/2019£978.29£782.49£195.80Not Due
05/10/2019£978.29£795.08£183.21Not Due
05/11/2019£978.29£807.86£170.43Not Due
05/12/2019£978.29£820.85£157.44Not Due
05/01/2020£978.29£834.05£144.24Not Due
05/02/2020£978.29£847.46£130.83Not Due
05/03/2020£978.29£861.09£117.20Not Due
05/04/2020£978.29£874.93£103.36Not Due
05/05/2020£978.29£889.00£89.29Not Due
05/06/2020£978.29£903.29£75.00Not Due
05/07/2020£978.29£917.82£60.47Not Due
05/08/2020£978.29£932.58£45.71Not Due
05/09/2020£978.29£947.57£30.72Not Due
05/10/2020£978.29£962.81£15.48Not Due
Total:£26,580.01£8,638.43