Kadco Fashion & Textiles Ltd

Investment Requests for Business Expansion - Hair and Beauty Salon

Overview
Funds raised
£26,700
Final AER
15.82%
Loan Term
60
Completed:
22/02/2018
About the Business
Company Name: KADCO FASHION & TEXTILES LTD Company Number: 08133224
Business Type: WHOLESALE AND RETAIL TRADE INCLUDING REPAIR OF MOTOR VEHICLES Years Trading: 5-10 years
Business Location: Bradford
About the Risk
Risk Rating: B

Default rate

6.6%

Bad debt rate

4.99%

Risk Idicators
Identified:
Irregular preparation of management Accounts
This company may not regularly be preparing management accounts
High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity
Satisfied CCJs
The business has incurred County Court Judgements in the past. Whilst now satisfied, this can still be indicative of poor creditor management
About the Security
Security Offered:
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Personal Guarantee - PG from Mrs Sabra Kader
Est. Equity: £1000000.00

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Personal Guarantee - PG from Mr Samir Kader
Est. Equity: £0.00

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Corporate Guarantee - Corporate Guarantee from the holding company and all other Kadco group companies
Est. Equity: £0.00

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Who are we?

Kadco Fashion and Textiles is a well established, family owned, specialist Asian Department Store located in Bradford, so is well located to tap into the substantial local market place. We sell a full range of clothing for men, women and children, shoes, cosmetics, crafts etc, as well as jewellery and specialist bridal items. There is also an in store cafe/restaurant and hair and beauty salon.

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Details

Who are we?

Kadco Fashion and Textiles is a well established, family owned, specialist Asian Department Store located in Bradford, so is well located to tap into the substantial local market place. We sell a full range of clothing for men, women and children, shoes, cosmetics, crafts etc, as well as jewellery and specialist bridal items. There is also an in store cafe/restaurant and hair and beauty salon.

READ MORE...

The loan monies are required to improve and enlarge the hair and beauty salon, allowing the business to grow its sales and profits and employ another four or five members of staff.

Loan Offers
Business Profile

What is the loan for?

The loan monies are required to improve and enlarge the hair and beauty salon, allowing the business to grow its sales and profits and employ another four or five members of staff.

Why consider investing?

The business is already an established and profitable business, and the development of the salon will further increase our overall capacity to generate additional sales and profits as well as generating additional regular foot fall through the general retail areas which, in turn, should increase sales from these areas as well.

Security

The loan is to be secured by way of a Personal Guarantee provided by the two directors, Mr Samir Kader and Mrs Sabra Kader and Corporate Guarantees from the other group companies.

Mrs Kader has an estimated net worth of £1,320,000. This is derived from her ownership of three properties. The first, the commercial premises of the business, which has an estimated value of £1.85m and an estimated £500,000 equity. The second is a house with an estimated value of £650,000 and £300,000 estimated equity and finally a residential property with an estimated value of £800,000 with an estimated £550,000 equity.

Mr Samir Kader is not a homeowner.

Reciprocal corporate guarantees will be provided from the following companies which form part of the Kadco group:

KADCO GROUP HOLDINGS LTD (10341969) KADCO IT & BPO SOLUTIONS LTD (08753435) KADCO TRADING COMPANY LIMITED (10596407) 1SGBS LIMITED (10935322)

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