OPWG LTD

Retail sale of games and toys in specialised stores

Funds Requested

£52,500.00

Offered so far

£52,500.00

Loan term

60 MONTHS

Auction Deadline

2019-08-22

X
Bid Now
X

You must be logged in to bid on this loan.

About the Business

Company Name: OPWG LTD Company Number: 09533980
Business Type: Retail sale of games and toys in specialised stores Years Trading: 3-5 years
Business Location: Sheffield

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.45%

About the Security

Security Offered:

Personal Guarantee - PG from Chris Murdoch

Est. Equity: 0.00

Personal Guarantee - PG from Alys Talkowski

Est. Equity: 0.00

All Assets Debenture - Fixed and floating charge over the applicant company

Est. Equity: 58661.07

Risk Indicators Identified:

May not produce Management Accounts
This company may not prepare management accounts on a regular basis
Low Security Coverage
The security offered on this loan is below desirable levels
Low Operating Margin
This business may not be efficiently converting revenue into profit
Low Liquidity
This business has a lower than average ratio of liquid assets to current liabilities
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 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?

The original loan will be refinanced with this loan. Lenders with capital outstanding on the original loan are invited to use Transfer Bids to transfer their capital to the new loan.

The Outpost is tabletop gaming store. We have a brick and mortar presence and an online presence. On a daily basis we provide the latest products for our industry (figures, card games, board games and associated products) around the world. Primarily our focus is miniature based tabletop gaming. We have a great reputation for honesty, reliability and customer service.

Read more

Loan Offers

What is the loan for?

OPWG Ltd has been trading for 4 years and is currently enjoying regular growth alongside the sector as a whole. In order to capitalise on this we need to increase our stock levels as much as possible.

 

- We would use approximately £22k to clear our existing RebS liabilities.

- We would use £23-27k to increase our stock holdings of the most popular ranges

- We would use the remaining balance to shore up cashflow

By refinancing, increasing our holding and bolstering our cashflow we believe we can achieve our growth target (again!) to surpass the £500k turnover mark. Coupled with this would be an increased margin, as such we can see additional annual profit from multiple angles and enable further growth in a compounding fashion.

Why consider investing?

We're a growing business and continue to hit our targets. We previously stated our goal to increase turnover to £400k+ by 2019, this was achieved in April 2018 and we're now expecting £500k+ in the latest financial year.

We are still serious about becoming the biggest in our industry and this growth is part of that journey.

Ultimately, we are a profit making company with a track record of growth and realistic goals.

We have a proven track record of paying our debts. With 14+ months of on time repayments for our previous finance (through RebS) you can be sure that we realistically project our numbers, goals and history.

The tabletop gaming industry as a whole is continuing to grow and despite downtrends in retail and high streets it continues to defy the odds. We are a company with a great reputation and regularly receive feedback from customers stating how happy they have been with our service, customer support and prices. Our goal is to keep doing what we're doing, only more of it and with scaling comes the opportunities for greater profitability. You can help with that goal.

In the incredibly unlikely event of the company struggling or failing we would have more than enough facility to cover our debts via stock, fixtures and fittings.

We are confident that our track record, history and projections make for a sound investment but if you have any queries please feel free to ask them in the discussion section. As with our previous listing I will be available to answer questions.

Thank you for taking the time to read and good luck bidding!

Security

This loan will be secured by way of two Personal Guarantees and an All Assets Debenture.

PGs will be provided by the two directors, Mr Chris Murdoch and Ms Alys Talkowski. Neither director is a property owner. Whilst still conveying the right for us to pursue insolvency action and potentially bankruptcy, this will be of use primarily as a tool to bring a reluctant debtor to the table or pursue an income payment order rather than to secure a bankruptcy dividend. As such, the realisable value of the Personal Guarantees is displayed as £0.

A first priority all assets debenture will also be taken over the company. This will create a fixed and floating charge over all assets owned by the business. This will mainly consist of the stock, and fixtures and fittings. Through the provision of a stocklist, the borrower has shown us a total current stock value (as at 02/08/19) of £37,661.07 at cost. An estimated £4,000 is held in fixtures and fittings and in transit stock. Additionally, the charge will extend to the new stock being purchased with the new loan proceeds (roughly £27,000 at cost).