MICHAEL MCCAUL SIGNS LIMITED

MANUFACTURING

Funds raised

£26,700.00

Offered so far

£0.00

Loan term

36 MONTHS

Deadline

2017-07-17

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About the Business

Company Name: MICHAEL MCCAUL SIGNS LIMITED Company Number: NI628302
Business Type: MANUFACTURING Years Trading: 2-3 years
Business Location: Newry

About the Risk

Risk rating

C

Default rate

14.10%

Bad debt rate

5.04%

About the Security

Security Offered:

Personal Guarantee - PG from director and sole shareholder Mr Michael McCaul

Est. Equity: 35000.00

Corporate Guarantee - CG from connected company Michael McCaul Signs (Ireland) Limited

Est. Equity: 5000.00

Risk Indicators Identified:

Below Average Business Credit Rating
A 3rd party credit rating agency has indicated that this business is above average risk.
High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity
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
Marginal Growth
This company has shown low levels of growth over recent financial reporting periods
Low Security Coverage
The security offered on this loan is below desirable levels

Important Files

Who are we?

ReBS Disclosure

Lenders are asked to note that the financial statements for the year ended 31 January 2017 have not yet been approved by the director and so have not been filed at Cos. House.

About The Company

Michael McCaul Signs Limited was formed in December 2014 and is a sign writer and manufacturer based in Newry, Northern Ireland, servicing a mix of locally based private and public sector customers.

It has recently expanded into printed banners and vehicle wraps from which increasing sales volumes continue to be generated.

Whilst margin is a little tighter in these market segments, the business is expanding as evidenced by the latest financial reports which will shortly be filed at Companies House.

Read more

Loan Offers

What is the loan for?

Loan funds of £25K will enable the company to acquire two further Roland xr650 Pro 4 machines at a total cost of £33K.

With the additional capacity as an outcome of these acquisitions, sales in the current financial year are expected to exceed £500K and retained profit increased to £50K +.

Why consider investing?

The company continues to expand with retained profit improving net worth.

Turnover has increased from £144K to £332K with NPBT up from £22K to £31K and the company's Net Worth increasing from £18K to £28K post dividend distribution.

Security

As security, the guarantee of the sole director and shareholder, Michael McCaul, is offered. Michael's personal net worth is assessed at £45K. He owns his residential property valued at £175K upon which a £100K Nationwide mortgage outstands. He has given guarantees to both Funding Circle and Ezbob totalling £20K and personal debt of £10K.

For the benefit of lenders, a redacted valuation report of Mr McCaul's residential property has been uploaded to the listing.

As well as the PG,M a corporate guarantee will also be provided from Mr McCaul's other company, Michael McCaul Signs (Ireland) Limited.

DateAmountCapitalInterestReceived
17/08/2017£984.89£551.98£432.91
17/09/2017£984.89£560.93£423.96
17/10/2017£984.89£570.03£414.86
17/11/2017£984.89£579.27£405.62
17/12/2017£984.89£588.66£396.23
17/01/2018£984.89£598.20£386.69
17/02/2018£984.89£607.90£376.99
17/03/2018£984.89£617.76£367.13
17/04/2018£984.89£627.78£357.11
17/05/2018£984.89£637.96£346.93
17/06/2018£984.89£648.30£336.59
17/07/2018£20,437.11£20,110.96£326.14
17/08/2018£0.00£0.00£0.00
17/09/2018£0.00£0.00£0.00
17/10/2018£0.00£0.00£0.00
17/11/2018£0.00£0.00£0.00
17/12/2018£0.00£0.00£0.00
17/01/2019£0.00£0.00£0.00
17/02/2019£0.00£0.00£0.00
17/03/2019£0.00£0.00£0.00
17/04/2019£0.00£0.00£0.00
17/05/2019£0.00£0.00£0.00
17/06/2019£0.00£0.00£0.00
17/07/2019£0.00£0.00£0.00
17/08/2019£0.00£0.00£0.00
17/09/2019£0.00£0.00£0.00
17/10/2019£0.00£0.00£0.00
17/11/2019£0.00£0.00£0.00
17/12/2019£0.00£0.00£0.00
17/01/2020£0.00£0.00£0.00
17/02/2020£0.00£0.00£0.00
17/03/2020£0.00£0.00£0.00
17/04/2020£0.00£0.00£0.00
17/05/2020£0.00£0.00£0.00
17/06/2020£0.00£0.00£0.00
17/07/2020£0.00£0.00£0.00
Total:£26,699.73£4,571.16