ONSIDE SPORTS EDUCATION LIMITED

EDUCATION

Funds Raised

£26,830.00

Final AER

16.34%

Loan term

60 MONTHS

Auction Closed

2018-04-30

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack

About the Business

Company Name: ONSIDE SPORTS EDUCATION LIMITED Company Number: 08489001
Business Type: EDUCATION Years Trading: 3-5 years
Business Location: Chorley

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

Personal Guarantee - From Director D. Rigby

Est. Equity: 26000.00

Risk Indicators Identified:

High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity

Important Files

Who are we?

http://onsideedu.co.uk/

Onside Sports Education Limited is owned and run by Dan Rigby.

The company is well established in its niche and continues controlled expansion..

OSE is a registered Training Provider (10041173) working across the north west to offer educational and vocational opportunities and qualifications in Sports, Health, Exercise and Fitness..

The company specialises in providing short, bespoke and professional on-site and distance learning programmes designed to suit people who wish to gain accreditation as coaches, fitness instructors, personal trainers, exercise professionals and P.E Assistants. We also deliver longer-term provision in the form of Academy-style programmes for young men and women who participate in football or Rugby and wish to follow this pathway in their future career including via academies, which recruits scholars in partnership with: Rochdale Scared Heart FC, Soccer Icon, MIFA, London Football College, Pro Sport, Ashton United, Aspire2Be and Salford Red Devils. .

Read more

Loan Offers

What is the loan for?

A loan of £25K is sought to fund expansion into a second site in Knowsley with attendant infrastructure, set up and staffing costs. Supplemental sales of approximately £500K and contribution of approximately £50K is forecast.

The accounting trends demonstrate the following:

04/2016 02/2017 02/2018
T/O £208k £343k £1073
GP £169k £204k £579k
NPBT £40k £48k £93k
NCA (£1k) £17k £28k
NW £2k £19k £46k

Why consider investing?

Business established in 2013 and growing steadily under controlled and stable management. Funds sought for a sensible expansion rationale

Security

A PG from Daniel Rigby is offered with Daniel evidencing a net worth of £26K comprising equity in his two investment properties, one residential and one commercial the latter occupied by the company.

DateAmountCapitalInterestReceived
02/06/2018£657.34£291.96£365.38
02/07/2018£657.34£295.93£361.41
02/08/2018£657.34£299.96£357.38
02/09/2018£657.34£304.05£353.29
02/10/2018£657.34£308.19£349.15
02/11/2018£657.34£312.39£344.95
02/12/2018£657.34£316.64£340.70
02/01/2019£657.34£320.95£336.39
02/02/2019£657.34£325.32£332.02
02/03/2019£657.34£329.75£327.59
02/04/2019£657.34£334.25£323.09
02/05/2019£657.34£338.80£318.54
02/06/2019£657.34£343.41£313.93
02/07/2019£657.34£348.09£309.25
02/08/2019£657.34£352.83£304.51
02/09/2019£657.34£357.63£299.71Not Due
02/10/2019£657.34£362.50£294.84Not Due
02/11/2019£657.34£367.44£289.90Not Due
02/12/2019£657.34£372.44£284.90Not Due
02/01/2020£657.34£377.52£279.82Not Due
02/02/2020£657.34£382.66£274.68Not Due
02/03/2020£657.34£387.87£269.47Not Due
02/04/2020£657.34£393.15£264.19Not Due
02/05/2020£657.34£398.51£258.83Not Due
02/06/2020£657.34£403.93£253.41Not Due
02/07/2020£657.34£409.43£247.91Not Due
02/08/2020£657.34£415.01£242.33Not Due
02/09/2020£657.34£420.66£236.68Not Due
02/10/2020£657.34£426.39£230.95Not Due
02/11/2020£657.34£432.20£225.14Not Due
02/12/2020£657.34£438.08£219.26Not Due
02/01/2021£657.34£444.05£213.29Not Due
02/02/2021£657.34£450.10£207.24Not Due
02/03/2021£657.34£456.22£201.12Not Due
02/04/2021£657.34£462.44£194.90Not Due
02/05/2021£657.34£468.74£188.60Not Due
02/06/2021£657.34£475.12£182.22Not Due
02/07/2021£657.34£481.59£175.75Not Due
02/08/2021£657.34£488.15£169.19Not Due
02/09/2021£657.34£494.80£162.54Not Due
02/10/2021£657.34£501.53£155.81Not Due
02/11/2021£657.34£508.36£148.98Not Due
02/12/2021£657.34£515.29£142.05Not Due
02/01/2022£657.34£522.30£135.04Not Due
02/02/2022£657.34£529.42£127.92Not Due
02/03/2022£657.34£536.63£120.71Not Due
02/04/2022£657.34£543.94£113.40Not Due
02/05/2022£657.34£551.34£106.00Not Due
02/06/2022£657.34£558.85£98.49Not Due
02/07/2022£657.34£566.46£90.88Not Due
02/08/2022£657.34£574.18£83.16Not Due
02/09/2022£657.34£582.00£75.34Not Due
02/10/2022£657.34£589.92£67.42Not Due
02/11/2022£657.34£597.96£59.38Not Due
02/12/2022£657.34£606.10£51.24Not Due
02/01/2023£657.34£614.35£42.99Not Due
02/02/2023£657.34£622.72£34.62Not Due
02/03/2023£657.34£631.20£26.14Not Due
02/04/2023£657.34£639.80£17.54Not Due
02/05/2023£657.34£648.51£8.83Not Due
Total:£26,830.00£12,610.40