SCOOP RETAIL TECHNOLOGIES LIMITED

Funds Raised

£100,000.00

Final AER

15.69%

Loan term

60 MONTHS

Auction Closed

2015-04-02

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£2.68 +3.47% £2.77 9.51%
£5.35 +3.49% £5.54 9.47%
£2.68 +3.49% £2.77 9.47%
£2.68 +3.50% £2.77 9.46%
£5.26 +3.00% £5.42 9.38%

About the Business

Company Name: SCOOP RETAIL TECHNOLOGIES LIMITED Company Number: 09436483
Business Type: Years Trading:
Business Location: 64 NEW CAVENDISH STREET

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

Personal Guarantee - Done (PG from director and majority shareholder)

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Visit Our Website

For the last five years Mason Digital has been working with web designers and design agencies taking care of their technical requirements. We provide them with the skills and software required to produce digital work without the costs and complications of employing full-time technical staff.

We have grown to a full time staff of 10 people in the last 4 years and our services have never been in such high demand.

Our Services

HTML EMAILS

As one of the easiest forms of digital promotions, the production of HTML emails is one of the most frequently used services we offer.

We have produced these for some of the UK's biggest brands and can offer a very short turnaround time when required, with thorough cross client testing.

We frequently also send these newsletters using third party client managed systems such as DotMailer and MailChimp, or using our own inhouse systems too.

FACEBOOK APPS

We specialise in creating Facebook apps for digital promotions. These have included everything from simple splash pages, to competitions and more complex games.

These apps are typically used as parts of other promotions running at the same time, but we've also produced a number of standalone apps that have become an important centrepiece to social campaigns.

IOS & ANDROID APPS

We have been producing iOS and Android apps for the last three years.

During this time we've created publically available apps distributed through the iTunes store and Google Play and internal business apps distributed through systems such as Maas360.

We have produced mobile apps using both native technologies and multi-platform HTML5 technologies through the use of emerging technologies such as PhoneGap.

WEBSITES & CMS

Websites now come in many shapes and sizes: one pagers, microsites, static websites, dynamic websites, mobile sites, intranet sites, content sites, utility sites, etc. We have produced them all.

As one of the main services we provide producing websites is something we are very well versed at. We keep up to date with all of the current standards, test thoroughly and can provide CMS systems that make it easy to update your site.

E-COMMERCE & MULTI-CHANNEL RETAIL

We have produced a wide range of e-commerce sites, from stores with 5 products selling a few a month, to sites stocking 1000s of products turning over millions of pounds.

We also produce multi-channel retail applications such as mobile commerce sites, social media commerce, in-store tablet/kiosk applications and EPOS integrations.

Read more

Loan Offers

What is the loan for?

We would like to use the money to expand the company over the next year.

We have undertaken a new business drive in the past and it was extremely successful. So we would like to repeat that same strategy again to grow by 50%.

This will cover recruitment costs and act as a contingency to support newly trained staff prepare for the new work.

Expansion Plan

Mason Digital earns revenue by selling development hours to creative agencies. Our developers work an average of 35 chargeable hours a week @ £50 an hour.

The expansion plan involves us taking on three new developers and a new manager.

We have a proven method of attracting new business that we have used in the past when last expanding the business.

The setup costs are recruitment, training, new business activities, contingency costs and working capital for salaries until the employees are all working full time. We would spend the money as below:

  • Recruitment Costs: £20K
  • IT Equipment: £10K
  • Training: £10K
  • New Business: £10K
  • Working capital: £50K
  • TOTAL: £100K

There are no other additional costs to this exercise as we already have office space and all admin processes in place.

Projected Returns

We expect it to take 3 months to reach a point when all developers are busy with new projects. But after that point:

REVENUE:

They will then earn a yearly revenue of: 35 hours X 44 weeks X £50 = £77,000 Mangers will earn a yearly revenue of: 10 hours X 44 weeks X £50 = £22,000 Total for 3 developers & 1 manager = £253,000

COSTS:

Costs for 3 developers @ £32,000 + 1 manager @ £40,000 = £136,000

PROFIT:

This leaves a profit of: £117,000 per year.

Why consider investing?

We've been in business 5 years - and are showing consistent strong turnover and profits.

We've expanded in the past, and we know exactly how to do it again.

Notes on Business

The Director anticipates to take approximately £75K in dividends in YE 2015.

Security

The Loan is to be secured by way of a Directors Guarantee and an All Assets Debenture

The Director has an estimate net worth of £159,750. This is primarily through the ownership of a buy to let with an estimate net worth of £ 350k and equity of approximately £160k

The business currently has a debenture listed in favour of Hitachi Capital. This will be removed on completion of the loan.

DateAmountCapitalInterestReceived
05/05/2015£2,415.37£1,107.87£1,307.50
05/06/2015£2,415.37£1,122.35£1,293.02
05/07/2015£2,415.37£1,137.03£1,278.34
05/08/2015£2,415.37£1,151.89£1,263.48
05/09/2015£2,415.37£1,166.95£1,248.42
05/10/2015£1,233.16£0.00£1,233.16Interest only
05/11/2015£2,415.37£1,182.21£1,233.16
05/12/2015£2,415.37£1,197.67£1,217.70
05/01/2016£2,415.37£1,213.33£1,202.04
05/02/2016£2,415.37£1,229.19£1,186.18 (24 days late)
05/03/2016£2,415.37£1,245.26£1,170.11
05/04/2016£2,415.37£1,261.55£1,153.82
05/05/2016£2,415.37£1,278.04£1,137.33 (6 days late)
05/06/2016£2,415.37£1,294.75£1,120.62
05/07/2016£2,415.37£1,311.68£1,103.69 (31 days late)
05/08/2016£2,415.37£1,328.83£1,086.54 (17 days late)
05/09/2016£2,415.37£1,346.20£1,069.17
05/10/2016£2,415.37£1,363.81£1,051.56
05/11/2016£2,415.37£1,381.64£1,033.73 (19 days late)
05/12/2016£2,415.37£1,399.70£1,015.67
05/01/2017£2,415.37£1,418.00£997.37 (6 days late)
05/02/2017£2,415.37£1,436.54£978.83 (10 days late)
05/03/2017£2,415.37£1,455.33£960.04 (15 days late)
05/04/2017£2,415.37£1,474.35£941.02 (21 days late)
05/05/2017£2,415.37£1,493.63£921.74
05/06/2017£2,415.37£1,513.16£902.21
05/07/2017£2,415.37£1,532.95£882.42 (8 days late)
05/08/2017£2,415.37£1,552.99£862.38
05/09/2017£2,415.37£1,573.29£842.08
05/10/2017£2,415.37£1,593.87£821.50 (13 days late)
05/11/2017£2,415.37£1,614.71£800.66
05/12/2017£2,415.37£1,635.82£779.55 (13 days late)
05/01/2018£2,415.37£1,657.21£758.16
05/02/2018£2,415.37£1,678.87£736.50
05/03/2018£2,415.37£1,700.83£714.54
05/04/2018£2,415.37£1,723.06£692.31
05/05/2018£2,415.37£1,745.59£669.78
05/06/2018£646.95£0.00£646.95Interest only
05/07/2018£2,415.37£1,768.42£646.95
05/08/2018£2,415.37£1,791.54£623.83
05/09/2018£2,415.37£1,814.96£600.41
05/10/2018£2,415.37£1,838.69£576.68
05/11/2018£2,415.37£1,862.73£552.64
05/12/2018£2,415.37£1,887.09£528.28
05/01/2019£2,415.37£1,911.76£503.61
05/02/2019£2,415.37£1,936.76£478.61
05/03/2019£2,415.37£1,962.08£453.29 (14 days late)
05/04/2019£2,415.37£1,987.74£427.63
05/05/2019£2,415.37£2,013.73£401.64 (29 days late)
05/06/2019£2,415.37£2,040.06£375.31
05/07/2019£348.64£0.00£348.64Interest only
05/08/2019£2,415.37£2,066.73£348.6415 days overdue
05/09/2019£2,415.37£2,093.75£321.62Not Due
05/10/2019£2,415.37£2,121.13£294.24Not Due
05/11/2019£2,415.37£2,148.86£266.51Not Due
05/12/2019£2,415.37£2,176.96£238.41Not Due
05/01/2020£2,415.37£2,205.42£209.95Not Due
05/02/2020£2,415.37£2,234.26£181.11Not Due
05/03/2020£2,415.37£2,263.47£151.90Not Due
05/04/2020£2,415.37£2,293.07£122.30Not Due
05/05/2020£2,415.37£2,323.05£92.32Not Due
05/06/2020£2,415.37£2,353.42£61.95Not Due
05/07/2020£2,415.37£2,384.19£31.18Not Due
Total:£100,000.01£47,150.94