Mark Clifford Pt Limited

Investment Requests for Healthy Profits

Overview
Funds raised
£50,000
Final AER
16.37%
Loan Term
60
Completed:
29/08/2016
About the Business
Company Name: MARK CLIFFORD PT LIMITED Company Number: 05028144
Business Type: 8514 Other human health activities Years Trading: More than 10 years
Business Location: Nottingham,
About the Risk
Risk Rating: B

Default rate

7.1%

Bad debt rate

5.84%

Risk Indicators
Identified:
Director/s has a poor personal credit history
A director/s have previous blemishes on their personal credit report
High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity
Marginal Growth
This company has shown low levels of growth over recent financial reporting periods
Low Quick Ratio Score
The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets
High level of borrowings
This business has a high level of borrowings in relation to its turnover
High level of dividends
It has been identified that directors have recently taken significant dividends from the business
About the Security
Security Offered:
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2nd Priority Legal Charge on Property - Over the Director's personal investment property
Est. Equity: £30000.00

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Personal Guarante - PG from Mr Clifford
Est. Equity: £90000.00

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Personal Guarantee Insurance - PGI cover with ReBS named as beneficiary
Est. Equity: £25000.00

Important Files
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Who are we?

Established since 2004, the director takes a very hands on approach in the running of the business, listening to his clients needs, providing a service which is unriviled & superior to well regarded healthcare chains. From starting on a single floor of the Mill, it hhas expanded to an impressive 22,500 Sq Ft of space to operate. Over the last eight years Mark Clifford PT LTD has invested in a whole range of new facilities which means that Clifford Health Club and Spa is the finest exercise and relaxation club in the Midlands. The club has built up over 8000 members, who all benefit from 4 floors of Gym Space, can access up to 600 Classes a week and Spa Access for a Monthly subscription cost of £17.50. The introduction of the health spa in Jan 2015 has contributed to significantly to turnover, which in the month of Feb 16 was 61k from day trip users alone

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Details

Who are we?

Established since 2004, the director takes a very hands on approach in the running of the business, listening to his clients needs, providing a service which is unriviled & superior to well regarded healthcare chains. From starting on a single floor of the Mill, it hhas expanded to an impressive 22,500 Sq Ft of space to operate. Over the last eight years Mark Clifford PT LTD has invested in a whole range of new facilities which means that Clifford Health Club and Spa is the finest exercise and relaxation club in the Midlands. The club has built up over 8000 members, who all benefit from 4 floors of Gym Space, can access up to 600 Classes a week and Spa Access for a Monthly subscription cost of £17.50. The introduction of the health spa in Jan 2015 has contributed to significantly to turnover, which in the month of Feb 16 was 61k from day trip users alone

READ MORE...

Mark Clifford PT Ltd is looking to use the 50k loan to upgrade the Spa Facilities, which will contribute to greater revenue. The Spa which was opened in Jan 2015 started off producing income of c. £8K per month. In Feb 2016 the Spa produced £61K in income. Whilst this Spa is generating fantastic income, Mark needs to add additional facilities including new treatment rooms which will generate an extra £4K - £8K per month. Overall the health club is undergoing a huge extension, of which CHC are are looking to fund predominately from cash flow.
Loan Offers
Business Profile

What is the loan for?

Mark Clifford PT Ltd is looking to use the 50k loan to upgrade the Spa Facilities, which will contribute to greater revenue. The Spa which was opened in Jan 2015 started off producing income of c. £8K per month. In Feb 2016 the Spa produced £61K in income. Whilst this Spa is generating fantastic income, Mark needs to add additional facilities including new treatment rooms which will generate an extra £4K - £8K per month. Overall the health club is undergoing a huge extension, of which CHC are are looking to fund predominately from cash flow.

Why consider investing?

Turnover to May 2015 was £1,182,371 with a Profit of £201,062. 12 months T/O to May 16 (Draft Accounts) is £1.69M, with a profit before tax of £257K. The business, in terms of regular members, now stands at 8750. The income from membership has now surpassed the director's expectations, and stands approx. £120K per month. The requested loan can be serviced by the existing profits in the business, EBITDA of £369,922 May 16. The expansion of spa facilities will mean greater numbers of day trip users to the spa facilities and the additional income will be used to further develop the club & Spa facilities. The senior management team has now been strengthened, with new positions created which takes a lot of the day to day running away from Mark Clifford. Finally, in terms of competition, membership still stands at £17.50 Per month which is a lower price than all the budget gyms, and CHC has best of breed facilities, Spa facilities and over 600 classes a week the members can attend for free.

ReBS Disclosure

Since the May 2016 balance sheet date, the director has introduced £500,000 into the company by way of loan. This cleared the loan that he had from the company and generated a loan to the company from him of £308,534 as at the end of June 2016.

Security

This loan is to be secured by way of Personal Guarantee provided by the sole director; and a 2nd Priority Legal Charge over the director's investment property. The director has an estimated net worth of £92,500. This is derived from his equity in two properties, the first has an estimated value of £425,000 and an estimated equity of £363,000 and the second has an estimated value of £125,000 and £30,000 estimated equity. The Personal Guarantee is to be supplemented by the procurement of Personal Guarantee Insurance, the beneficiary of which will be named as ReBS. In addition to the Personal Guarantee, this loan is also to be secured by a property charge. A 2nd priority legal charge will be taken over the Director's investment property, which has an estimated value of £125,000 and £30,000 estimated equity.
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